This Day in Jewish History Birth of a Media Tycoon and 17 Magazine's Founder

Walter Annenberg built an empire of newspapers, magazines and TV stations, amassed an impressive art collection and befriended Ronald Reagan.

American media tycoon and one-time ambassador Walter Annenberg was born on March 13, 1908. The owner of a number of U.S. newspapers, magazines and TV stations, Annenberg also was known for his philanthropy, establishing a foundation that gave away billions of dollars both before and after his death in 2002.