Centaur developed primarily from the Comics Magazine Company, Inc. In 1936, comic-book entrepreneur Everett M. "Busy" Arnold gave financial or other unspecified help to that New York City-based firm, founded by John Mahon and Bill Cook, former employees of Major Malcolm Wheeler-Nicholson's National Allied Publications (the primary forerunner of DC Comics). The duo published the premiere issue of The Comics Magazine (May 1936), using inventory content from National Allied's submissions. (One collector/historian suggests this was in lieu of pay.)