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 magazine, The Economist online, Economist Intelligence Unit, Economist Conferences, Economist Corporate Network, The World In series and a bi-monthly lifestyle magazine, Intelligent Life. Digital editions of The Economist can be read on devices including the iPad, iPhone and Kindle, and on Android smartphones, and an iPad application of Intelligent Life is available.
The Group’s other brands include CQ Roll Call and European Voice (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. The Financial Times Limited, which is a Pearson subsidiary, owns 50% of the share capital 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.[1] 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, an annual publication. This magazine was redesigned as a quarterly in September 2007, and became a bi-monthly publication in August 2011.
Launched 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. The 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.[2] Also recently launched is Economist Education, providing e-learning courses.
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Current members of the board of directors of The Economist Group are: Rupert Pennant-Rea (chairman), Andrew Rashbass, Sir David Bell, John Elkann, Rona Fairhead, Philip Mengel, John Micklethwait, Sir Simon Robertson, Lynn Forester de Rothschild, Chris Stibbs and Luke Swanson. Current trustees of the company are: Baroness Bottomley of Nettlestone, Clayton Brendish, Tim Clark and Bryan Sanderson.
(See [1])
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