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Stanford Report, January 5, 2000

New scholarship honors longtime journalist Harry Press

A new scholarship designed to make it easier for Stanford Daily staff members to accept newspaper internships has been established in honor of longtime journalist Harry Press, a former Daily managing editor and Stanford staff member. The scholarship, which will be awarded for the first time this spring, has been made possible by a gift from Lorry Lokey, a former Daily editor and now general manager and president of Business Wire.

The scholarship will be known as the Harry Press/Lorry Lokey Stanford Daily Staff Award and will be given to an outstanding Daily staffer in his or her junior year who has demonstrated financial need. The award, in the amount of $2,000 the first year, will be given at the start of the summer and can be used during the summer and/or during the staff member's senior year.

Applicants for the scholarship will be screened by a committee of John S. Knight Professional Journalism Fellows, who are outstanding journalists studying for a year at Stanford. Press, A.B. '39, was managing director of the program for 21 years.

Before that, Press was a reporter and editor for 20 years at the San Francisco News, San Francisco News Call-Bulletin and San Francisco Examiner. He came to Stanford in 1966 as associate editor of the Stanford News Service and editor of the Stanford Observer, a monthly newspaper for Stanford alumni. He retired from the News Service in 1986 and from the Knight Fellowship program in 1989.

Lokey, A.B. '49, entered Stanford in 1944, was drafted at the end of his freshman year and sent to Japan just as World War II was ending. While in the U.S. Army he was features editor for Stars and Stripes. After coming back to Stanford in 1947, he devoted much of his time to working on the Stanford Daily. "It showed in my grades," he said. He was named editor of the Daily in 1949.

After graduation, on the strength of a recommendation from George Turnbull, professor of journalism, Lokey got a job as night wire editor with United Press (now United Press International) in Portland, Ore.

In 1961, Lokey started Business Wire to capitalize on the fact that corporations wanted more immediate and broader distribution of their mandatory quarterly and annual financial reports.

Lokey has endowed professorships in human biology and the environment, Jewish studies and professional journalism. He also has given major gifts to Stanford in honor of eight faculty, staff and students who contributed to his professional development. The Press/Lokey Stanford Daily Scholarship is one of those gifts. SR