Gruner + Jahr

Gruner + Jahr
Subsidiary
Genre Publishing house
Founded 1965 (1965)
Founder Henri Nannen
Gerd Bucerius
John Jahr Sr.
Richard Gruner
Headquarters Hamburg, Germany
Area served
Worldwide
Key people
Bernd Klaus Buchholz (CEO)
Torsten-Jörn Klein (Head of International Magazines)
Products Newspapers, magazines
Number of employees
12,500
Parent Bertelsmann
Subsidiaries Prisma Media (100%)
Motor Presse Stuttgart (59.9%)
Website www.guj.de
Headquarters of Gruner + Jahr, seen from the tower of St. Michaelis Church

Gruner + Jahr AG & Co KG is one of the largest publishing houses in Europe. It is headquartered in Hamburg.

History

Founded on 1 August 1948 as the Henri Nannen publishing house, Gruner + Jahr was created in 1965 from a merger by acquisition, by publishers John Jahr Sr. and Gerd Bucerius joining the printing firm of Richard Gruner. In 1969, Richard Gruner retired, and thanks to the entrepreneurship of Reinhard Mohn, Bertelsmann acquired 25% of the ownership. Over the next fifteen years, the firm grew by expansion, acquisition (publishers Kindler & Schiermeier) and merger (Spiegel Verlag and Motor-Presse Verlag). By 1976, Bertelsmann owned a 74.9% stake, and the Hamburg publishing family Jahr owned 25.1%, a balance which has been maintained through 2007.

In 1978, Gruner + Jahr became the first German publishing house to expand into other European and International markets. Over the next twenty years, publishing houses in France, the USA, and Spain were purchased, and a number of new magazines were started in Germany including Impulse, Schöner Essen, and Gala. In 1990 Gruner + Jahr moved into its new headquarter at Neustadt's Baumwall, a 88,000 m2 (947,000 sq ft) large, metal clad office complex designed by Otto Steidle. In 2005, Gruner + Jahr exited the U.S. magazine business, selling its women's magazine portfolio to the Meredith Corporation and its business magazine portfolio to Mansueto Ventures. In 2005-2006, Gruner + Jahr participated in the Du bist Deutschland marketing campaign.

Publications

Gruner + Jahr publishes approximately 285 magazines and newspapers in 22 countries, including Poland, Spain, Russia, France and the People's Republic of China. As of 2007, Gruner + Jahr publications include:

  • P.M. Magazin
  • Eltern
  • Eltern Family
  • Capital
  • Unternehmermagazin impulse
  • Art – Das Kunstmagazin

Operations

G+J headquarters, seen from the Elbe river front near Baumwall.

Bernd Kundrun is Chairman of the Board, and also a member of the executive committee of Bertelsmann. Gruner + Jahr has more than 12,500 employees and had gross profits for 2005 of 2.62 billion euro, of which 57% were from outside Germany.

Subsidiaries

In addition to direct publishing, Gruner + Jahr own interests in a number of other publishers and printers. They own 60% of Sächsische Zeitung, 25.5% of Spiegel Publishing and 95% of Henri-Nannen-Schule, a journalism school in Germany.

On 22 November 2011, it was announced that Gruner + Jahr AG & Co. KG transferred its entire 37.45-percent stake in the Prinovis Ltd. & Co. KG gravure joint venture to Arvato, another Bertelsmann division.[1]

Gruner + Jahr owns several publishers and printers outright (100%), including the french publishing house Prisma Media.

Gruner + Jahr established operations in India in 2008.[2] On 1 July 2011, Gruner + Jahr acquired a 78.75 percent interest in one of the leading publishing houses in India, MaXposure Media Group India Pvt Ltd.[3][4][5] This was followed by acquisition of digital ad network Networkplay March 2012[6] and acquisition of mobile ad-network SeventyNine.[7] In May 2014, Gruner + Jahr acquired a 50 percent interest in one of the leading Word-of-Mouth Marketing company in Europe trnd, to complete its adverting sales in press.[8]

Henri Nannen Prizes

Gruner + Jahr annually awards the Henri Nannen Prizes, in five news categories: best reportage, best investigative report, best documentary, best humor piece, and best photojournalism article. The prizes are awarded in May for the previous year.

2004

2005

2006

2007

2010

See also

Sources

This article is based in part on material from the German Wikipedia.

References

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