AWARD DATE: 1968
AWARD NAME: E.W. Fairchild Award for Best Business News Reporting From Abroad
AWARD RECIPIENT: Clyde Farnsworth
AWARD RECIPIENT AFFILIATION: The New York Times
AWARD HONORED WORK: Reporting on European economies
In the Spring of 1968, when the economy of western European nations churned and seethed, quite a few specialists read and interpreted the fever charts. But translating them into layman’s language and smoothly flowing news story involves a different skill–at which Clyde Farnsworth of The New York Times excels, in the opinion of the OPC judges reviewed the extensive articles in this field.
His expositions on the problems of the Common Market, the fluctuations of the French franc, and the overall international financial situation, won for him the $500 Fairchild Award as best in class.
Of a newspaper family–his father was an Associated Press man– Farnsworth is a product of Yale University, class of 1932, who began his writing career on the Yale Daily News and the Yale Literary
magazine. He went almost directly from college into the Army and was assigned to Korea as a combat medic with the 179th regiment of the 45th division. After the 1953 truce he functioned as an editor-reporter-production man for a mimeographed newspaper for his regiment.
His whole professional life has been spent on coverage of financial and economic news; for the United Press from 1954-1959; the New York Herald Tribune for the ensuing three years, and the New York Times from 1962. He was assigned to the London bureau in 1963, and since 1966 has been stationed in Brussels.
He is the author of a book on the credit industry entitled “No Money Down”.