American multinational mass media conglomerate group
Hearst Communications, Inc.
Hearst Tower in Midtown Manhattan, September 2006
Company type
Private
Industry
Media
Founded
March 4, 1887; 137 years ago (1887-03-04) San Francisco, California, U.S.
Founder
William Randolph Hearst
Headquarters
Hearst Tower 300 W. 57th Street New York, NY 10019 U.S.
Area served
Worldwide
Key people
William Randolph Hearst III
(chairman)
Frank A. Bennack Jr.
(executive vice chairman)
Steve Swartz
(president and CEO)
Products
Books Magazines Newspapers Publications Television
Revenue
US$11.9 billion (2022)
Owner
Hearst family
Number of employees
20,000 (2016)
Divisions
Hearst Television
Hearst Magazines
Hearst Ventures
Hearst Business Media
Hearst Entertainment & Syndication
Hearst Newspapers
Subsidiaries
A+E Networks (50%)
ESPN Inc. (20%)
Fitch Ratings
First Databank
King Features Syndicate
NorthSouth Productions (50%)
Website
hearst.com
Footnotes / references [1][2]
Hearst Communications, Inc., often referred to simply as Hearst, is an American multinational mass media and business information conglomerate based in Hearst Tower in Midtown Manhattan in New York City.[3]
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.[4]
The conglomerate also owns several business-information companies, including Fitch Ratings and First Databank.[5]
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.[6]
^"Hearst". Forbes. Retrieved August 31, 2017.
^"The Hearst Corporation". Institute for Media and Communication Policy. October 19, 2017. Retrieved August 28, 2018.
^Maza, Erik (April 1, 2013). "Hearst's New CEO Steve Swartz Talks Business, Succession". WWD. Retrieved July 23, 2016.
^"2016 America's Richest Families Net Worth: Hearst Family". Forbes. June 29, 2016. Retrieved August 28, 2018.
^Kelly, Keith J. (January 6, 2016). "Hearst enjoys record profits, eyes more acquisitions". New York Post. Retrieved November 4, 2016.
^"Hearst family". Forbes. Retrieved October 26, 2022.
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Global Information
US$11.9 billion (2022)