The Economist Group
Encyclopedia
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The Economist Group is a leading source of analysis on international business and world affairs, delivering information through a range of formats, from newspaper and magazines to conferences and electronic services. The publications and services delivered under The Economist brand are The Economist
The Economist
The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
magazine, The Economist online, Economist Intelligence Unit
Economist Intelligence Unit
The Economist Intelligence Unit is part of the Economist Group.It is a research and advisory company providing country, industry and management analysis worldwide and incorporates the former Business International Corporation, a U.S. company acquired by the parent organization in 1986...
, Economist Conferences, Economist Corporate Network, The World In series and a bi-monthly lifestyle magazine, Intelligent Life
Intelligent Life (magazine)
Intelligent Life is a quarterly cultural magazine from the publishers of The Economist. It was launched in September 2007 as a quarterly publication, having previously been a summer annual, and describes its coverage as "the arts, style, food, wine, cars, travel and anything else under the sun, as...
. The Group’s other brands include CQ Roll Call and European Voice
European Voice
European Voice is an English language newspaper owned by The Economist Group. The newspaper gives an account of the activities of the key European Union institutions – the European Commission, European Parliament and Council of Ministers...
(aimed at decision-makers on Capitol Hill and Brussels respectively) and EuroFinance, a cash and treasury management event business.
The Economist Group is an international company, with offices throughout the world, including London, Brussels, Frankfurt, Geneva, Paris, Dubai, Johannesburg, New York, Washington, DC, Hong Kong, mainland China, Singapore, Tokyo and India.
The Economist Group is an associate and not a subsidiary of Pearson PLC
Pearson PLC
Pearson plc is a global media and education company headquartered in London, United Kingdom. It is both the largest education company and the largest book publisher in the world, with consumer imprints including Penguin, Dorling Kindersley and Ladybird...
. The Financial Times Limited
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
, which is a Pearson subsidiary, owns 50% of the share capital
Share capital
Share capital or issued capital or capital stock refers to the portion of a company's equity that has been obtained by trading stock to a shareholder for cash or an equivalent item of capital value...
of The Economist Group but does not have a controlling interest. The bulk of the remaining shares are held by individual shareholders including the Cadbury, Rothschild, Schroder and other family interests as well as a number of staff and former staff shareholders. The Economist Group operates as a separate and independent business.
The Economist Group runs the Economist Corporate Network, the premier network of C-level executives from over 500 of the largest companies around the world.
Circulation of The Economist has almost doubled in ten years, from 0.84 million in 2001 to 1.47million in 2010. Revenue streams are split roughly 50-50 between subscriptions/circulation and other areas such as print and digital advertising.
| 2007 | 2008 | 2009 | 2010 | 2011 | |
|---|---|---|---|---|---|
| Group turnover | 248m | 266m | 313m | 320m | 347m |
| Group operating profit | 36m | 44m | 56m | 58m | 63m |
In July 2004, The Economist Group launched an upmarket lifestyle magazine called Intelligent Life
Intelligent Life (magazine)
Intelligent Life is a quarterly cultural magazine from the publishers of The Economist. It was launched in September 2007 as a quarterly publication, having previously been a summer annual, and describes its coverage as "the arts, style, food, wine, cars, travel and anything else under the sun, as...
, an annual publication. This magazine was redesigned as a quarterly in September 2007, and became a bi-monthly publication in August 2011.
The Group launched three new businesses in 2010. The Ideas People Channel is a vertical online advertising network of 50+ sites defined by the mindset of the audience. The sites recruited for the network were identified by the readers of The Economist as their favourite online destinations for topics on business, globalisation, innovation and culture. The channel competes in the lower-cost, high-volume network advertising market, a category not previously served by The Economist online. Ideas People Channel is unique in that it offers advertisers access to an influential psychographic group of over 35 million unique users around the world. Also launched were Economist Education, providing e-learning courses delivering a comprehensive base of knowledge, skills and tools to thrive in emerging markets; and Online Fairs, a virtual events business that connects advertisers and readers through online events and trade shows.
Governance
Current members of the board of directorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of The Economist Group are: Rupert Pennant-Rea (chairman), Andrew Rashbass, Sir David Bell
David Bell (publisher)
Sir David Charles Maurice Bell was Director for People at Pearson Group and was Chairman of the Financial Times until the end of 2009. He is married with three children.-Education:Sir David was educated at Worth School...
, John Elkann, Rona Fairhead, Philip Mengel, John Micklethwait
John Micklethwait
John Micklethwait is the editor-in-chief of The Economist.-Biography:Micklethwait was born in 1962 and educated at the independent school Ampleforth College and Magdalen College, Oxford, where he studied history. He worked for Chase Manhattan Bank for two years and joined The Economist in 1987...
, Simon Robertson, Lynn Forester de Rothschild
Lynn Forester de Rothschild
Lynn Forester, Lady de Rothschild is the chief executive officer of E.L. Rothschild, a holding company she owns with her third husband, Sir Evelyn Robert de Rothschild, a member of the Rothschild family...
and Chris Stibbs.
Current trustees of the company are: Baroness Bottomley of Nettlestone
Virginia Bottomley
Virginia Bottomley, Baroness Bottomley of Nettlestone, PC, DL is a British Conservative Party politician. She was a Member of Parliament in the House of Commons from 1984 to 2005. She was raised to the peerage in 2005...
, Clayton Brendish, Tim Clark and Bryan Sanderson.
(See http://www.economistgroup.com/pdfs/annual_report_2011_final_for_websites.pdf)