Economist Group
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| The Economist Group | |
| Private limited company | |
| Founded | 1843 (London) |
| Founder | James Wilson |
| Headquarters | 25 St James's Street, London, England |
|
Area served
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Worldwide |
|
Key people
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Chris Stibbs (Group Chief Executive) Susan Clark (CMO) |
| Products | The Economist, magazines, newspapers |
| Services | Market Intelligence, Conferences |
| Revenue | £361.8 million (2012) |
| £67.3 million (2012) | |
| £47.23 million (2012) | |
| Total assets | £66.16 million (at 31 March 2012) |
| Total equity | (£4.57 million) (at 31 March 2012) |
| Owner | Cadbury, Rothschild, Schroder and Agnelli families |
|
Number of employees
|
1,414 (2012 average) |
| Divisions | Economist Intelligence Unit, CQ Roll Call, EuroFinance |
| Website | www |
The Economist Newspaper Limited, trading as The Economist Group, is a British multinational media company headquartered in London and best known as publisher of The Economist. The Economist Group specialises in international business and world affairs information. Its principal activities are magazines, newspapers, conferences and market intelligence.
The Economist Group is owned by the Cadbury, Rothschild, Schroder, Agnelli and other family interests as well as a number of staff and former staff shareholders.
Pearson PLC held a 50% shareholding via The Financial Times Limited until August 2015. At this time Pearson sold their share in the Economist. The Agnelli family's Exor paid £287m to raise their stake from 4.7% to 43.4%, while the Economist paid £182m for the balance of 5.04m shares which will be distributed to current shareholders.
The origins of The Economist Group date back to the foundation of The Economist: A Political, Commercial, Agricultural, & Free-Trade Journal by James Wilson in 1843.
In 1946, the Economist Intelligence Unit began providing business intelligence to both The Economist magazine and external clients. In the same year, the Economist bookshop was established as a 50:50 joint venture with the London School of Economics.
Economist Conferences was established as a division of Economist Intelligence Unit in 1956 to offer government roundtables.
In 1995 The Economist Group acquired the Journal of Commerce, a US-based provider of information for the shipping and transportation industries. In the same year the Group launched European Voice, the first pan-European Union weekly newspaper.
In July 2004, The Economist Group launched an upmarket lifestyle magazine called Intelligent Life, an annual publication. This magazine was redesigned as a quarterly in September 2007, and became a bi-monthly publication in August 2011. In March 2016, the magazine was renamed 1843.
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