March 31, 1988 - The Charlotte Observer wins journalism's highest honor, the Pulitzer Prize. Reporters have written over 600 stories about Reverend Jim Bakker and the scandal surrounding his ministry, PTL. The newspaper's investigation has led to Bakker's conviction for cheating people who donated money, called fraud. This is the newspaper's second Pulitzer Prize. The first was in 1981, for stories about a disease called Brown Lung.