The Economist Group

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The Economist Group is a London- based publisher. Its best-known product is the traditional weekly newspaper The Economist . These and other group journals have a high international circulation; The target audience are decision-makers in politics and business. The papers are traditionally close to classical liberalism.

Products

In addition to the eponymous weekly newspaper , the Economist brand also includes Economist.com , Economist Intelligence Unit , Economist Events, Economist Corporate Nework and The World In . Since July 2004, a lifestyle magazine has also been part of it, which was initially called “Intelligent Life” and has been published every two months under the name “1843” since 2016 .

Roll Call and CQ are issued for policy makers in the US . European Voice was founded in 1995 as the European counterpart for decision-makers in Brussels . It was sold in 2013 and transformed into the European edition of Politico magazine .

The service providers EuroFinance, TVC and The Ideas People Channel also belong to the Economist Group . In 2005 the group had a turnover of £ 197 million with a profit of £ 23 million. About half of the revenue came from ads and half from all other sources of income such as subscriptions.

owner

The main owner with 43.4% is the investment company Exor owned by the Agnelli family , who bought the majority of their shares in October 2015 from the Pearson publishing group .

By 2015, the Economist group was with Pearson plc. associated. The Pearson subsidiary Financial Times owned 50% of the shares, with the other 50% owned by various people. In 2015, Pearson confirmed sales negotiations with the other shareholders. In August 2015, Pearson announced that its stake had been sold to the Agnelli family and other previous associates for a total of £ 469 million.

According to the Economist Group, there are four types of shares none of which are allowed to own more than 50% or vote for more than 20%. “Normal” shares belong to Exor and Economist employees (including former). “A” parts belong to the Cadbury, Layton, Rothschild and Schroder families, and “B” parts belong to the Exor. In addition, some trustees hold so-called "trust shares".

Web links

Individual evidence

  1. ↑ a b Our brands. Economist Group, accessed January 10, 2018 .
  2. ↑ a b Ownership. Economist Group, accessed January 10, 2018 .
  3. ↑ Pearson wants to get out of the "Economist" on spiegel.de
  4. ↑ Fiat heirs increase their stake in the "Economist" on spiegel.de