The transfer of ordinary shares must be approved by the Board of Directors. The "A" special shares are held by individual shareholders including the Cadbury, Layton, Rothschild, Schroder and other family interests as well as a number of staff and former staff.
The "B" special shares are all held by Exor which holds Exor purchased the majority of its shareholding from Pearson plc in October The acquisition fits in with the Group's long-term commercial strategy of building a broad range of services for its growing client base. By November , The Economist is read on more than 1m digital devices each month. The Group retains a minority stake in the new company The Group launches the Ideas People Channel to connect advertisers with an intellectually curious audience The Group agrees to acquire Congressional Quarterly from the Times Publishing Company.
BCE is closed. Circulation exceeds ,, covering more than countries Economist. It was edited from Vienna The Group acquires an interest in Roll Call , the leading publication in Congressional news and analysis that was founded in Washington, DC in The remaining equity was acquired in The Group acquires Public Network Europe PNE , a monthly magazine for European managers in public telecommunications network companies — The World in… series is launched, offering forecasts of the year ahead written by Economist journalists and prominent figures from the spheres of politics, business and the arts The Group acquires CFO, a controlled-circulation business magazine for senior financial executives The Group acquires Business International, which merged with Economist Intelligence Unit in The Economist embarks on a major drive in the US, creating a huge circulation and advertising breakthrough Andrew Knight becomes editor of The Economist.
He was responsible for introducing science and technology pages — The launch of a fortnightly edition of The Economist in Spanish is announced. Colleagues greeted him warmly as they shuffled into the room. As chairman and a former editor of the Economist , Pennant-Rea was acutely aware of just what a momentous decision his board was about to take.
They are in control of a star in the British print media firmament. While other newspapers and magazines struggle to reverse shrinking circulations and halt sliding profits, the Economist appears to be in rude health.
It has a weekly circulation of around 1. Overseas, the Sulzberger family owns the New York Times, the Springers control huge chunks of German media and the Bonnier family owns a large publishing portfolio in Sweden.
Newspapers have long been the playthings of wealthy media barons who are seduced by the access and influence they bring.
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