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Summarize this article for a 10 years old
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.
|Founded||March 4, 1887; 136 years ago (1887-03-04)|
San Francisco, California, United States
|Founder||William Randolph Hearst|
300 W. 57th Street
New York, NY 10019
|Revenue||US$11.4 billion (2019)|
Number of employees
|Footnotes / references|
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. It also used to own 50% of Complex Networks in partnership with Verizon.