The Economist Group |
The Economist Group delivers a series of publications and services under The Economist brand, such as The Economist (called a newspaper for historical reasons, but to all appearences a weekly news magazine), Economist.com, Economist Intelligence Unit, Economist Conferences, Intelligent Life and The World In. The Groups other global brands include CFO, a publication for senior finance executives (CFO, CFO Europe, CFO Asia, CFO China, CFO.com), Roll Call and European Voice (aimed at decision-makers in Capitol Hill and Brussels respectively).
The Economist Group is an associate and not a subsidiary of Pearson plc. The Financial Times Limited, which is a Pearson sudsidiary, owns 50 per cent of the share capital of The Economist Group but does not have a controlling interest. The bulk of the remaining 50 per cent of the share capital is owned by individuals. The Economist Group operates as a separate and independent business.
In 2005, the Economist Group s turnover was British pound197m resulting in an operating profit of £23m (£23m in 2004, £21m in 2003, £9m in 2002). Income streams are split roughly 50-50 between advertising and other areas, such as subscriptions.
In July 2004, The Economist Group launched an upmarket lifestyle magazine called Intelligent Life , an annual publication. In July 2005, the second edition was published.|
|