At a Glance
Parent company to some of the most widely read magazines including Good Housekeeping, Popular Mechanics, Woman’s Day, Seventeen and Elle.
Diversified interest continue to allow the company to be profitable despite changing media and economic turmoil.
Willing to change as technology changes.
Digital media and internet availability is decreases the need to purchase hard-copy media like newspapers and magazines.
Hearst Corporation is one of the nation’s largest media companies with businesses in magazine, newspaper and trade publishing; cable, television and radio broadcasting; the internet properties; TV production and distribution; newspaper distribution and real estate.
About The Hearst Corporation
Like founder William Randolph Hearst's castle San Simeon, The Hearst Corporation is sprawling. Through Hearst Newspapers, the company owns some two dozen daily newspapers (such as the San Francisco Chronicle and the Houston Chronicle) and about 60 weekly newspapers. Its Hearst Magazines publishes more than 300 global titles, including major US consumer magazines such as Cosmopolitan, Esquire, and O, the Oprah Magazine. Hearst has broadcasting operations in about three dozen US cities through its Hearst Television subsidiary. Its Hearst Entertainment & Syndication has stakes in the A&E and ESPN cable networks. The Hearst Corporation is owned by the Hearst family, but managed by a board of trustees.
Hearst publishes information for the automotive, electronic, pharmaceutical, and finance industries through its subsidiaries, which include Black Book, CAMP Systems International, Motor Information Systems, Fitch Group, and its Hearst Health Network.
Fitch Group provides investment ratings of companies and other financial tools and services.
Through its Hearst Ventures unit, the company makes strategic investments in online properties such as BuzzFeed and Pandora and has a minority stake in entertainment network IGN Entertainment.
The Hearst Magazines International unit encompasses nearly 300 print editions and more than 265 websites in about 35 languages and nearly 85 countries. It also publishes about 20 magazines in the UK through its wholly owned subsidiary, Hearst Magazines UK.
Hearst has more than 360 businesses in some 150 countries with wholly-owned subsidiaries in China, Italy, Japan, the Netherlands, Spain, Taiwan, and the UK.
Privately held Hearst reported that its revenue rose 4% to $11.4 billion in 2018 from 2017, boosted by the impact of the US Tax Cuts and Jobs Act and returns from cashing in on investments made by Hearst Ventures and Fitch.
Hearst has found a growing business in its Business Media operations, a group of subscription-based, digital trade publications that provide business and medical information, as well as software. The business's customers include hospitals, drug companies, health plans, money managers, pension funds, jet plane owners, and automotive companies. Hearst plans to expand the Business Media group of publications through acquisitions and investments in new data or software sources.
In 2018, the company bought the 20% of its Fitch that it didn't own, giving it complete control over the business and making Fitch its biggest holding.
Hearst expanded its cadre of magazines with specific audiences in 2018 with the acquisition of Rodale Inc. and its publications that include Men's Health, Women's Health, and Runner's World. Hearst also added to its newspaper holdings by buying a group of weeklies in Connecticut. It invested in printing and packaging technology in San Francisco to reduce printing costs at the Chronicle and boost capacity to print other newspapers in the region.
In 1887, William Randolph Hearst became proprietor of the San Francisco Chronicle, setting the stage for his career a press baron, political figure, and inspiration for what many critics call the greatest movie, Citizen Kane. The Hearst Corporation has had its ups and downs over the decades and now finds itself as a media titan of sorts with assets in newspapers, including the San Francisco Chronicle, TV stations, new media, finance, and a range of other businesses operating around the world.
300 W 57th St FL 42
New York, NY 10019-3790
Phone: 1 (212) 649-2000
Employer Type: Privately Owned
Vice Chairman: Frank A. Bennack
Chairman: William R. Hearst
President and CEO: Steven R. Swartz
Employees (This Location): 2,500
Employees (All Locations): 21,141
New York, NY
Citrus Heights, CA
Los Angeles, CA
Los Banos, CA
Newbury Park, CA
San Diego, CA
San Francisco, CA
San Rafael, CA
San Simeon, CA
Santa Cruz, CA
Santa Monica, CA
Sherman Oaks, CA
Coral Gables, FL
Palm Beach Gardens, FL
Council Bluffs, IA
Des Moines, IA
Farmer City, IL
Garden City, KS
New Orleans, LA
Ann Arbor, MI
Howard City, MI
Kansas City, MO
Winston Salem, NC
Garden City, NY
Great River, NY
New York, NY
El Paso, TX
San Angelo, TX
San Antonio, TX