It is awarded annually in January to "a journalist or a group of journalists who have shown initiative and talent in the past year.
"[1] The Prize commemorates Henrik Cavling, founder of the Danish Journalists Confederation.
The prize consists of 20,000 kroner and a statuette made by George Rode depicting Henry Cavling.
The prize fund is sponsored in part by the Danish Union of Journalists, and in part by the two newspapers Politiken and Berlingske[2] The prize was founded on 18 December 1944.
The prize fund was created by Danish Union of Journalists, Politiken and Berlingske Tidende.