Arion was founded in 1962 at the University of Texas, and was revived by Golder in 1990. It now appears three times per year, publishing essays, reviews, translations, and original fiction and verse.
Arion was founded under the auspices of classicist and translator William Arrowsmith. Additional founding editors included D.S. Carne-Ross, J.P. Sullivan, and Frederic Will. It ran for nine volumes as a quarterly at UT until 1972, and was revived by Arrowsmith in the 1970s at Boston University, where it ran for three more volumes as a quarterly (new series 1-3) before being discontinued. It was revived in 1992 under Herbert Golder, and has through 2014 published 22 volumes as a triquarterly (third series 1-22).