Hearst Communications

Hearst Communications, Inc.
Company typePrivate
IndustryMedia
FoundedMarch 4, 1887; 137 years ago (1887-03-04)
San Francisco, California, U.S.
FounderWilliam Randolph Hearst
HeadquartersHearst Tower
300 W. 57th Street
New York, N.Y. 10019
U.S.
Area served
Worldwide
Key people
ProductsBooks
Magazines
Newspapers
Publications
Television
RevenueIncreaseUS$11.9 billion (2022)
OwnerHearst family
Number of employees
20,000 (2016)
ParentHearst Corporation
Divisions
  • Hearst Television
  • Hearst Magazines
  • Hearst Ventures
  • Hearst Business Media
  • Hearst Entertainment & Syndication
  • Hearst Newspapers
Subsidiaries
Websitehearst.com
Footnotes / references
[1][2]

Hearst Corporation, its wholly owned subsidiary Hearst Holdings Inc., and HHI's wholly owned subsidiary Hearst Communications Inc. [3] (usually referred to simply as Hearst) constitute an American multinational mass media and business information conglomerate based in Hearst Tower in Midtown Manhattan in New York City.[4]

Hearst owns newspapers, magazines, television channels, and television stations, including the San Francisco Chronicle, the Houston Chronicle, Cosmopolitan and Esquire. It owns 50% of the A&E Networks cable network group and 20% of the sports cable network group ESPN, both in partnership with The Walt Disney Company.[5]

The conglomerate also owns several business-information companies, including Fitch Group and First Databank.[6]

The company was founded by William Randolph Hearst, a newspaper owner most well known for use of yellow journalism. The Hearst family remains involved in its ownership and management.[7]

  1. ^ "Hearst". Forbes. Retrieved August 31, 2017.
  2. ^ "The Hearst Corporation". Institute for Media and Communication Policy. October 19, 2017. Retrieved August 28, 2018.
  3. ^ SEC filing on Hearst Communications' ownership of shares of BuzzFeed (footnote 2 explains the ownership structure: "Hearst Communications, Inc. ("HCI")... is a subsidiary of Hearst Holdings, Inc. ("HHI"). HHI is a wholly-owned subsidiary of The Hearst Corporation ("THC"). THC is a wholly-owned subsidiary of The Hearst Family Trust".)
  4. ^ Maza, Erik (April 1, 2013). "Hearst's New CEO Steve Swartz Talks Business, Succession". WWD. Retrieved July 23, 2016.
  5. ^ "2016 America's Richest Families Net Worth: Hearst Family". Forbes. June 29, 2016. Retrieved August 28, 2018.
  6. ^ Kelly, Keith J. (January 6, 2016). "Hearst enjoys record profits, eyes more acquisitions". New York Post. Retrieved November 4, 2016.
  7. ^ "Hearst family". Forbes. Retrieved October 26, 2022.