Bonnier
Encyclopedia
Privately held company
A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock to the general public on the stock market exchanges, but rather the...
Swedish media group
Media conglomerate
A media conglomerate, media group or media institution is a company that owns large numbers of companies in various mass media such as television, radio, publishing, movies, and the Internet...
of 175 companies operating in 17 countries. It is controlled by the Bonnier family
Bonnier family
The Bonnier family is a wealthy Swedish family of Ashkenazi Jewish origin, active in the publishing business since the late-18th century. The family controls the Swedish company Bonnier AB, with an annual revenue in 2008 of US$ 4.13 billion ....
.
The company was started in 1804 by the German Gerhard Bonnier in Copenhagen
Copenhagen
Copenhagen is the capital and largest city of Denmark, with an urban population of 1,199,224 and a metropolitan population of 1,930,260 . With the completion of the transnational Øresund Bridge in 2000, Copenhagen has become the centre of the increasingly integrating Øresund Region...
, Denmark, when Bonnier published his first book, Underfulde og sandfærdige kriminalhistorier. Gerhard's sons later moved to Sweden. The Bonnier book publishing companies in Sweden that are part of book publishing house Bonnierförlagen now include Albert Bonniers Förlag
Albert Bonniers förlag
Bonniers förlag, or Albert Bonniers förlag, is the largest book publishing company in Sweden and also one of the oldest.Established by Albert Bonnier in Stockholm in 1837 and still owned by the Bonnier family, the company is currently publishing around 150 books every year.Karl Otto Bonnier at...
, Wahlström & Widstrand
Wahlström & Widstrand
Wahlström & Widstrand is a Swedish book publishing company.Wahlström & Widstrand was established in 1885 by two book sellers in Stockholm, Per Karl Wahlström and Wilhelm Widstrand. The company started publishing fiction in the 1890s...
, Forum, and Bonnier Carlsen, as well as several other book publishers and imprints in Sweden. Bonniertidskrifter publishes magazines, including Veckans Affärer
Veckans Affärer
Veckans Affärer is a Swedish business journal published weekly, dealing in all business-related matters both within and outside Sweden....
and Damernas Värld. Other subsidiaries include Sweden's commercial TV network, TV4; movie theater chain SF Bio and film production companies Svensk Filmindustri and Sonet Films; daily newspapers Dagens Nyheter
Dagens Nyheter
is a daily newspaper in Sweden. It has the largest circulation of Swedish morning newspapers, followed by Göteborgs-Posten and Svenska Dagbladet, and is the only morning newspaper that is distributed to subscribers across the whole country. In 2009 DN had a circulation of 316,000, reaching 881...
, Expressen
Expressen
Expressen is one of two nationwide evening tabloid newspapers in Sweden, the other being Aftonbladet. Expressen was founded in 1944; its symbol is a wasp and slogans "it stings" or "Expressen to your rescue", always on the reader's side....
, and Sydsvenskan
Sydsvenskan
-External links:*...
; business daily Dagens industri; and medical journal Dagens Medicin.
In Denmark, operations include magazine publisher Bonnier Publications; business daily Dagbladet Børsen
Dagbladet Børsen
Børsen is a Danish daily newspaper specialising in business news....
; and film distributors SF Film and film producers SF Film Production. Finnish operations include MTV Media Oy, which owns commercial channels MTV3 and Sub, among others; radio channel Radio Nova
Radio Nova
Radio Nova may refer to one of several different radio stations, among them:*Nova , a network of radio stations in Australia:** Nova 96.9 , Sydney 96.9 FM** Nova 100 , Melbourne 100.3 FM** Nova 106.9 , Brisbane 106.9 FM...
; book publisher Tammi
Tammi
Tammi has multiple meanings.* Tammi is a Finnish publishing company, named after the Finnish word for "oak".* Jukka Tammi, Finnish Ice Hockey Goaltender* Tammi Terrell, American Motown singer...
; plus magazines from Bonnier Publications and film productions by FS Film.
In Norway, along with magazines from Bonnier Media and the movie chain SF Kino and film distribution company SF Norge, subsidiaries include book publisher Cappelen Damm
Cappelen Damm
Cappelen Damm is a Norwegian publisher established in 2007. It is the result of the merger of J.W. Cappelens Forlag, founded in 1829, and N.W. Damm & Søn, founded in 1843. Cappelen Damm is owned by the Bonnier Group and Egmont....
.
In Germany, Bonnier Media Deutschland includes Ullstein Buchverlage, Piper Verlag
Piper Verlag
Piper Verlag is a German publisher based in Munich, printing both fiction and non-fiction works. It currently prints over 200 new paperback titles per year. Authors published by the company include Andreas von Bülow and Sara Paretsky. It owned by the Swedish media conglomerate Bonnier. It was...
, Thienemann Verlag and Carlsen Verlag
Carlsen Verlag
Carlsen Verlag is a subsidiary of the homonymous Danish publishing house which in turn belongs to the Swedish media company Bonnier. The branch was founded on 25 April 1953 in Hamburg. The publisher's program focuses on books for children Carlsen Verlag is a subsidiary of the homonymous Danish...
, among others.
Bonnier book publishing operations are also established in the UK and in France, Australia and the USA, where it is part of the Bonnier Corporation
Bonnier Corporation
Bonnier Corporation is an American magazine publisher owned by the Swedish Bonnier Group. It was formed in March 2007 by the merger of World Publications, Time4 Media, and The Parenting Group, and publishes more than 40 special-interest magazines. It is based in Winter Park, Florida.With over 1,100...
. Bonnier also owns business newspapers in Russia, Estonia, Lithuania, Poland, Slovenia, and Bulgaria, as well as medical journals in Denmark, Norway, Finland, Poland, and Slovenia. Bonnier is controlled by around 75 family members, including some seventh-generation heirs.
Time Inc. magazines acquisition
In January 2007, the Bonnier Magazine Group agreed to acquire 18 magazines that Time Inc.Time Inc.
Time Inc. is a subsidiary of the media conglomerate Time Warner, the company formed by the 1990 merger of the original Time Inc. and Warner Communications. It publishes 130 magazines, most notably its namesake, Time...
was divesting. The estimated price was US$ 225 million in cash and the assumption of about US$ 42 million in unfulfilled subscription liabilities (subscriptions already paid but not yet delivered.) The magazines in the package employed 550 people and included Outdoor Life
Outdoor Life
Outdoor Life is an outdoors magazine about hunting, fishing, survival and camping. It is a sister magazine of Field & Stream. Together with Sports Afield, they are considered the Big Three of American outdoor publishing. Outdoor Life launched in Denver, Colorado in January 1898. Founder and...
, Popular Science
Popular Science
Popular Science is an American monthly magazine founded in 1872 carrying articles for the general reader on science and technology subjects. Popular Science has won over 58 awards, including the ASME awards for its journalistic excellence in both 2003 and 2004...
, Field & Stream
Field & Stream
Field & Stream is a magazine featuring hunting, fishing, and other outdoor activities in the United States. Together with Sports Afield and Outdoor Life, it is considered one of the Big Three of American outdoor publishing....
, Ski, Yachting
Yachting (magazine)
Yachting is a monthly English-language magazine published since 1907. It was founded by Oswald Garrison Villard, publisher of the New York Evening Post and the Nation. The next year Herbert L. Stone became the manager. In 1938 Stone and some friends bought the magazine.It features articles on...
, and Transworld Snowboarding
Transworld Snowboarding
TransWorld SNOWboarding is an American magazine focused on the snowboarding culture. It is published 10 times a year by Bonnier Corporation and features the sport, culture and lifestyle of modern snowboarding.-History:...
, as well as 11 other titles that were part of Time Inc.'s Time4 Media Group. Also included were Parenting
Parenting (magazine)
Launched in 1987 by Time Inc., Parenting is a magazine for families published in the United States. In February 2009, the magazine became two separate, age-targeted editions: Parenting Early Years, for moms of infants, toddlers and preschoolers; and Parenting School Years, for moms with kids in...
, and Babytalk, which were part of the Parenting Group. That price was believed to be a multiple of about 11 times cash flow
Cash flow
Cash flow is the movement of money into or out of a business, project, or financial product. It is usually measured during a specified, finite period of time. Measurement of cash flow can be used for calculating other parameters that give information on a company's value and situation.Cash flow...
for a group that had net income
Net income
Net income is the residual income of a firm after adding total revenue and gains and subtracting all expenses and losses for the reporting period. Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings...
of around US$ 20 million and revenue of around $230 million.
"We think we did a good deal, and we think Time did as well," said Jonas Bonnier
Jonas Bonnier
Jonas Bonnier is the CEO/President of the Bonnier Group since 1 January 2008, and member of the Bonnier family. He is also a novelist, and has published seven novels after his debut in 1988.-References:...
, head of Bonnier Magazine Group. Bonnier already had a small footprint in the US through a 50 percent stake in Winter Park, Florida
Winter Park, Florida
Winter Park is a suburban city in Orange County, Florida, United States. The population was 24,090 at the 2000 census. According to the U.S. Census Bureau's 2006 estimates, the city had a population of 28,083. It is part of the Orlando–Kissimmee Metropolitan Statistical Area...
-based World Publications, which owned the titles Islands and Spa, Saveur
Saveur
Saveur is a gourmet, food, wine, and travel magazine that specializes in essays about various world cuisines. The publication was co-founded by Dorothy Kalins, Michael Grossman, Christopher Hirsheimer, and Colman Andrews, who was also the editor-in-chief from 1996 to 2001...
, Water Skiing, and Caribbean Travel & Life. http://www.nypost.com/seven/01262007/business/bonnier_coughed_up_225m_to_time_business_keith_j__kelly.htm?page=2