NEW YORK (CNN/Money) - CNNfn Senior Correspondent Steve Young died Sunday after a long battle with lung cancer. He was 61.

Steve Young

Funeral services for Young will be held Wednesday at 11:45 AM ET at Riverside Memorial Chapel on 180 West 76th Street in New York City.

Young specialized in technology reporting and joined CNN in August of 1987. He was one of the first reporters to cover a company housed in a Texas college dorm before most people had heard of Dell Computer.

CNNfn Senior Technology Correspondent Steve Young died Sunday after a long fight with lung cancer. Play video (QuickTime, Real or Windows Media)

Young joined CNN from CBS News, where for two decades he covered technology and the space beat from Cape Canaveral, Houston and the former Soviet Union.

He received several honors for his work. He was on the Moneyline team that won an Overseas Press Club Award in 1995 for its week of unprecedented live broadcasts from Havana, Cuba. Young also was part of the CNNfn team that received a George Foster Peabody Award for coverage of the 1987 stock market crash.

Lou Dobbs, Anchor and Managing Editor of "Lou Dobbs Moneyline" said "Steve was a true broadcast professional. He was a newsman who did some of the most important work of the last decade. From his reporting on the dangers of cellphones to his tireless pursuit of Microsoft and the Justice Department's Antitrust case, to the threat of terrorism to the nation's Nuclear Power plants, Steve did some of the most timely and significant reporting on the network. All of us who worked with Steve will miss him."

Young had been honored with several Ohio State University awards for investigative reporting and a Sigma Delta Chi Award. Earlier in his career, he was a member of the adjunct faculty of Columbia University's journalism school. He was co-author of the journalism standard textbook "Broadcast Writing, Editing and Reporting". Young was a graduate of Emerson College.