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{{short description|Media company headquartered in London, England}}
{{Use British English|date=November 2012}}
{{Use dmy dates|date=July 2020}}
{{Infobox company
| name = The Economist Newspaper Limited
| logo = The Economist Group logo.png
| logo_size = 250px
| caption =
| type = [[Private company limited by shares|Private limited company]]
| trade_name = The Economist Group
| traded_as =
| genre =
| fate =
| predecessor =
| successor =
| foundation = 1843 ([[London]])
| founder = [[James Wilson (businessman)|James Wilson]]
| defunct =
| location = [[London]], England, UK
| locations =
| area_served = Worldwide
| key_people = Lara Salameh Boro<br/>{{small|(Group Chief Executive)}}<br/>Susan Clark<br/>{{small|(CMO)}}
| products = Newspapers, magazines, books, films, podcasts
| services = [[Market intelligence]], conferences
| revenue = £310.3 million (2021)<ref name=annrep>{{cite web|url=https://assets.ctfassets.net/2h5kbjx7tvqe/239D1d0mbGL6HX9P3sTbsO/d1a51cf7764d0864d858e7853d3c1391/Annual_Report_2021.pdf|title=Annual report 2021|access-date=25 April 2021|publisher=The Economist Group}}</ref>
| operating_income = £41.8 million (2021)<ref name=annrep/>
| net_income = £16.6 million (2021)<ref name=annrep/>
| aum =
| assets = £172.8 million (at 31 March 2021)<ref name=annrep/>
| equity = (£90.5 million) (at 31 March 2021)<ref name=annrep/>
| owners = {{plainlist|
* [[Exor (company)|Exor N.V.]] (43.40%)
* [[Rothschild family|Rothschild]]
* [[Cadbury family|Cadbury]]
* [[Schroders|Schroder]]
* Layton
}}
| num_employees = 1,325 (2021 average)<ref name=annrep/>
| parent =
| divisions = [[Economist Intelligence Unit]], [[EuroFinance]]
| subsid =
| homepage = {{nowrap|{{URL|https://www.economistgroup.com}}}}
| footnotes =
}}
'''The Economist Group''' (legally '''The Economist Newspaper Limited''') is a media company headquartered in [[London]], England. It is best known as publisher of ''[[The Economist]]'' newspaper and its sister lifestyle magazine, ''[[1843 (magazine)|1843]]''. The Economist Group specialises in [[international business]] and world affairs information. Its principal activities are in print and [[digital media]] as well as in conferences and [[market intelligence]].

==Ownership==
After the death of its founder [[James Wilson (businessman)|James Wilson]] in 1860, ''[[The Economist]]'' was held in [[testamentary trust]] for his six daughters and their dependents. The eldest, Mrs Bagehot, whose husband [[Walter Bagehot|Walter]] was editor at the time of Wilson's death, maintained a close personal interest in the paper until her death in 1921. Subsequently, the Wilson trustees were concerned whether surviving beneficiaries would keep touch with the paper's direction, as further deaths formed subsidiary trusts over time. So in 1928 the Wilson Trust decided to sell the paper, whilst creating a structure intended to maintain its reputation for 'independent judgment and unfettered criticism'. A non-controlling 50% went to the [[Financial Times]], and the other half to an influential group of individual shareholders. A new board of independent trustees was created, with rights both to veto the transfer of voting shares and to choose or remove editors-in-chief, who in turn would have sole responsibility for the paper's policy.<ref>{{cite news |title=The Change of Ownership in the "Economist" of London. |access-date=30 September 2020 |work=Commercial and Financial Chronicle |issue=Vol. 127, No. 3292 |date=1928-07-28 |url=https://fraser.stlouisfed.org/title/commercial-financial-chronicle-1339/july-28-1928-517019/fulltext |page=468}}</ref>

Ownership of the 50% shareholding passed to [[Pearson plc]] when they bought The Financial Times Limited (FT) in 1957. Later, however, when Pearson plc was negotiating the sale of FT, the Economist's independent trustees veto 'complicated attempts at a deal'.<ref>{{cite news |last1=Edgecliffe-Johnson |first1=Andrew |title=Hands-off owner hands over FT after 58 years |url=https://www.ft.com/content/88c00d8a-3148-11e5-8873-775ba7c2ea3d |archive-url=https://ghostarchive.org/archive/8aSgs |archive-date=11 December 2022 |url-access=subscription |access-date=30 September 2020 |work=Financial Times |publisher=The Financial Times Limited |quote=with editorial independence protected by a four-person trust — another factor that complicated past attempts at a deal. The issue was taken off the table on Thursday when the stake was excluded from the Nikkei deal.}}</ref> Finally, in August 2015, as part of their sale of the FT to [[Nikkei, Inc.]], Pearson sold their share in the Economist.<ref>{{cite news |last1=Sweney |first1=Mark |title=Pearson sells Economist Group stake for £469m |url=https://www.theguardian.com/media/2015/aug/12/pearson-sells-economist-stake-exor |access-date=30 September 2020 |work=The Guardian |publisher=Guardian News & Media Limited |date=2015-08-12}}</ref>

The [[Agnelli family]]'s [[Exor (company)|Exor]] paid £287 million to raise their stake from 4.7% to 43.4%, while the Economist paid £182 million for the balance of 5.04 million shares which will be distributed to current shareholders.<ref name="West">{{cite news|author=Karl West|url=https://www.theguardian.com/media/2015/aug/15/economist-becomes-a-family-affair-agnellis|title=The Economist becomes a family affair|work=[[The Guardian]]|date=15 August 2015|location=London|access-date=15 August 2015|quote=Pearson, the education and publishing giant that has held a non-controlling 50% stake since 1928, is selling the holding for £469m. The deal will make Italy’s Agnelli family, founders of the Fiat car empire, the largest shareholder}}</ref> Aside from the Agnelli family, smaller shareholders in the company include [[Cadbury family|Cadbury]], [[Rothschild family|Rothschild]] (21%), [[Schroders|Schroder]], Layton and other family interests as well as a number of staff and former staff shareholders.<ref name="West"/><ref>{{cite web|url=https://www.politico.eu/article/agnellis-rothschilds-close-in-on-economist-magazine-sale-pearson/|title=Agnellis, Rothschilds close in on Economist|website=[[Politico]]|date=11 August 2015|author=Alex Spence|access-date=1 December 2018|language=en-US}}</ref>

==History==
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.<ref name=ourhist>{{cite web|url=http://www.economistgroup.com/what_we_do/our_history.html|title=Our history|access-date=15 December 2012|publisher=The Economist Group}}</ref>

In 1946, the [[Economist Intelligence Unit]] began providing business intelligence to both ''The Economist'' newspaper and external clients.<ref name=ourhist/> In the same year, the Economist bookshop was established as a 50:50 joint venture with the London School of Economics.<ref name=ourhist/>

Economist Conferences was established as a division of Economist Intelligence Unit in 1956 to offer government [[Round table (discussion)|roundtables]].<ref name=ourhist/>

In 1995, The Economist Group acquired the ''Journal of Commerce'', a US-based provider of information for the shipping and [[Transport|transportation industries]].<ref name=ourhist/> In the same year the Group launched ''European Voice'', the first pan-European Union weekly newspaper.<ref name=ourhist/>

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 (magazine)|''1843'']].

Launched in 2010, the Ideas People Channel is a vertical online advertising network of around 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.<ref>Moses, Lucia [http://www.adweek.com/news/technology/economist-launches-online-ad-net-103642 "Economist Launches Online Ad Net"], ''Adweek'', 27 October 2010. Retrieved 12 July 2010.</ref> Also recently launched is Economist Education, providing e-learning courses.

In March 2012, The Economist Group acquired the London-based marketing communications agency TVC Group for an undisclosed sum.<ref>{{cite news|url=http://www.prweek.com/uk/news/1122349/Economist-Group-acquires-TVC-Group/|title=The Economist Group acquires TVC Group in move to create content|access-date=15 December 2012|publisher=PR Week|date=14 March 2012}}</ref>

In April 2012, the Economist Intelligence Unit expanded in Asia with the acquisition of Clearstate, a market intelligence firm specialising in customised strategic advisory and primary research in the healthcare and life sciences domains.<ref name=ourhist/>

In July 2015, Canback & Company, a strategy consulting firm operating in more than 70 countries was acquired.<ref>{{Cite web|date=2015-07-22|title=The Economist Intelligence Unit Acquires Canback & Company, a Boston-Based Predictive Analytics Consulting Firm|url=https://www.businesswire.com/news/home/20150722005045/en/The-Economist-Intelligence-Unit-Acquires-Canback-Company-a-Boston-Based-Predictive-Analytics-Consulting-Firm|access-date=2021-03-22|website=www.businesswire.com|language=en}}</ref> It is now known as EIU Canback.

==Operations==
The Economist Group is headquartered in London, [[England]], and has offices worldwide, including in [[Brussels, Belgium]], [[Frankfurt, Germany]], [[Geneva, Switzerland]], [[Paris, France]], [[Dubai, United Arab Emirates]], [[Johannesburg, South Africa]], [[Hong Kong]], mainland [[China]], [[Singapore]], [[Tokyo, Japan]], [[India]], [[New York City]] and [[Washington, D.C.]] in the [[United States]].<ref>{{Cite web|url=https://www.economistgroup.com/contact/index.html|title=Locations {{!}} Economist Group|website=www.economistgroup.com|access-date=6 June 2019}}</ref>

The Economist Group's principal activities are newspapers, magazines, conferences and market intelligence. Publications and services delivered under The Economist brand include ''[[The Economist]]'' newspaper, ''The Economist'' online, [[Economist Intelligence Unit]], Economist Conferences, [[Economist Corporate Network]], The World In series and a bi-monthly lifestyle magazine, [[1843 (magazine)|''1843'']]. The Group's other brands include CQ Roll Call (aimed at decision-makers on Capitol Hill), EuroFinance, a cash and treasury management event business, and a digital media agency, TVC. [[European Voice]] (Brussels), formerly a sister publication of CQ Roll Call, was sold to the French company Selectcom in 2013.

===Economist Intelligence Corporate Network===
The Economist Intelligence Corporate Network is a members-only service within The Economist Group providing global and regional [[business intelligence]] briefings, presentations and advice to its subscribers.<ref>{{cite web|url=http://www.theedgemalaysia.com/features/235200-brighter-outlook-for-asia-in-2013-says-economist-corporate-networks-wood.html|title=Brighter outlook for Asia in 2013, says Economist Corporate Network's Wood|publisher=[[The Edge (Malaysia)]]|date=15 April 2013|author=Michelle Teo|access-date=7 February 2017|via=The Edge (Singapore)|url-status=dead|archive-url=https://web.archive.org/web/20130424234209/http://www.theedgemalaysia.com/features/235200-brighter-outlook-for-asia-in-2013-says-economist-corporate-networks-wood.html|archive-date=24 April 2013}}</ref> The Corporate Network relies on the "information, insight, and interaction" provided by regional experts in its parent organization.<ref>{{cite web|url=http://www.corporatenetwork.com/|title=About Economist Intelligence Corporate Network|publisher=Economist Intelligence Corporate Network|url-status=dead|archive-url=https://web.archive.org/web/20100323043803/http://www.corporatenetwork.com/content/about-economist-corporate-network|archive-date=23 March 2010}}</ref> 81% of its customers are business executives at the director or senior management levels. It has offices in [[Dubai]], [[Johannesburg]], [[Beijing]], [[Hong Kong]], [[Shanghai]], [[Singapore]] and [[Tokyo]].<ref>{{cite web|url=http://www.corporatenetwork.com/contact-us|title=Get in touch with Economist Corporate Network|website=Economist Corporate Network|access-date=31 August 2017|url-status=dead|archive-url=https://web.archive.org/web/20100323022233/http://www.corporatenetwork.com/contact-us|archive-date=23 March 2010}}</ref>

==Corporate affairs==

===Governance===
The current members of the [[board of directors]] of The Economist Group are: [[Rupert Pennant-Rea]] (Chairman), [[Zanny Minton Beddoes]] (editor-in-chief of ''The Economist''), Lady [[Suzanne Heywood]], [[Brent Hoberman]], [[David Bell (publisher)|David Bell]], [[John Elkann]], [[Alex Karp]], Sir [[Simon Robertson]], Lady [[Lynn Forester de Rothschild]], Chris Stibbs and Baroness Jowell.<ref name="Economist Group directors">{{cite web|url=http://www.economistgroup.com/results_and_governance/board.html|title=Directors|access-date=18 February 2015|publisher=The Economist Group}}</ref>

Former board members include: Andrew Rashbass, Rona Fairhead, Philip Mengel<ref name="Economist Group directors" /> and [[Eric Schmidt]] (of Alphabet, parent company of Google). The current trustees of the Group are: [[Virginia Bottomley]], [[Gus O'Donnell]], Tim Clark and Bryan Sanderson.<ref>{{cite web|url=http://www.economistgroup.com/results_and_governance/trustees.html|title=Trustees|access-date=15 April 2013|publisher=The Economist Group}}</ref>

===Financial data===
{| class="wikitable"
|-
!
! 2007
! 2008
! 2009
! 2010
! 2011
! 2012
! 2013
! 2014
! 2015
! 2016
!2017
!2018
!2019
!2020
!2021
|-
| Group turnover
| 248m
| 266m
| 313m
| 320m
| 347m
| 359m
| 343m
| 328m
| 324m
| 331m
|353m
|367m
|333m
|320m
|310m
|-
| Group operating profit
| 36m
| 44m
| 56m
| 58m
| 63m
| 63m
| 64m
| 55m
| 59m
| 61m
|54m
|47m
|31m
|53m
|42m
|}
Source:<ref name=annrep/>

== References ==
{{reflist}}

==External links==
* {{official}}
* {{OpenCorp}}

{{The Economist Group}}
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{{Rothschilds}}
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}}
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[[Category:Economist Group| ]]
[[Category:Mass media companies of the United Kingdom|Economist Group]]
[[Category:Financial data vendors]]
[[Category:Mass media companies established in 1843]]
[[Category:1843 establishments in the United Kingdom]]
[[Category:Multinational publishing companies]]

The Economist Group - Revision history

Ajay Kumar: Created a new article