Hearst Corporation
| Hearst Communications Inc.
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | March 4, 1887 |
| Seat |
Hearst Tower , New York City , New York , United States 
|
| Number of employees | 20,000 (2016) |
| sales | 10.8 billion USD (2016) |
| Branch | media |
| Website | www.hearst.com |
Hearst Communications Inc. (mostly just Hearst ) is a private US company founded in 1887 with headquarters in the Hearst Tower in New York City . Hearst is a media group founded by William Randolph Hearst that owns magazines, newspapers, television productions and broadcasters, as well as internet services and real estate, and has owned an 80% interest in Fitch since 2014 .
history
On March 4, 1887, George Hearst gave the San Francisco Examiner newspaper to his son William Randolph Hearst . Hearst, then 23, spent more than $ 8 million of his family's money to transform the newspaper into one of the most successful in the country by acquiring cutting-edge printing technology and hiring the best journalists he could find.
In 1895, with financial support from his mother, Hearst bought the failing New York Journal . The newspaper, like the Examiner , was a success. The journal was a long support rival of the Joseph Pulitzer New York World newspaper . Among other things, the New York Journal revolutionized the tabloid format .
The Hearst newspapers brought innovations such as comics in color and printing screens onto the market. At the beginning of the 20th century, Hearst began buying well-known magazines such as Cosmopolitan (1903) and Good Housekeeping (1911).
Hearst expanded its newspapers into a large chain, including the Los Angeles Examiner and the Boston American . At its height in the 1920s and 1930s, the Hearst empire included nearly 30 newspapers in 18 major US cities.
The global economic crisis brought Hearst into financial difficulties. He had to sell some newspapers and brought many of his morning papers to midday papers.
In 1948 Hearst became the owner of WBAL-TV, one of America's first television stations.
Corporate investments
A selection of Hearst Communications Inc.'s holdings (as of 2017):
Magazines
- Car and Driver
- Cosmopolitan
- Country living
- Dr. Oz The Good Life
- Elle (US and UK)
- Elle Decor
- esquire
- Food Network Magazine
- Good housekeeping
- Harper's Bazaar
- House Beautiful
- Marie Claire
- Men's Health
- Nat Mags
- O at home
- O, The Oprah Magazine
- Popular Mechanics
- Quick & Simple
- Red
- Redbook
- Road & Track
- Seventeen
- Town & Country
- Town & Country TRAVEL
- veranda
Newspapers
- Times Union
- Beaumont Enterprise
- Houston Chronicle
- Jasper Newsboy
- King Features Syndicate
- Laredo Morning Times
- Midland Daily News
- San Francisco Chronicle
- San Antonio Express News
- Midland Reporter Telegram
Investments in private and cable television
- A + E Networks (joint venture with The Walt Disney Company )
- ESPN (20% stake; shared with Disney, which holds 80%)
- Hearst Television (owner of 29 local television stations)
- Lifetime Television (joint venture with The Walt Disney Company )
- Cosmopolitan TV (share of 33%; together with Corus Entertainment )
- Verizon Hearst Media Partners (joint venture with Verizon Communications )
Internet (selection)
- Seattle Post-Intelligencer
- RealAge
- Digital spy
See also
Web links
Individual evidence
- ↑ https://www.forbes.com/companies/hearst/
- ↑ https://www.forbes.com/companies/hearst/
- ^ Hearst Corporation to Increase Equity Interest in Fitch Group to 80 Percent. In: www.hearst.com. Retrieved March 15, 2016 .
- ↑ FT Membership: Fast FT. In: www.ft.com. Retrieved March 15, 2016 .
- ↑ http://www.hearst.com/newsroom/history
- ↑ http://www.history.com/topics/william-randolph-hearst
- ↑ https://web.archive.org/web/20120428080513/http://www.hearst.com/files/hearst-timeline-november-2011.pdf
- ↑ Kenneth Whyte: The Uncrowned King. Counterpoint, 2009, ISBN 978-1-582-43985-3 , p. 463 ( limited preview in Google book search).
- ↑ Hellmuth Vensky: William Randolph Hearst: Edition more important than truth. In: Zeit Online. April 29, 2013. Retrieved August 13, 2017 .