Hearst Communications
American multinational mass media conglomerate group / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Hearst Communications?
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.[3]
![]() | |
Hearst Tower in Midtown Manhattan, September 2006 | |
Type | Private |
---|---|
Industry | Media |
Founded | March 4, 1887; 136 years ago (1887-03-04) San Francisco, California, United States |
Founder | William Randolph Hearst |
Headquarters | Hearst Tower 300 W. 57th Street New York, NY 10019 U.S. |
Area served | Worldwide |
Key people |
|
Products | Books Magazines Newspapers Publications Television |
Revenue | ![]() |
Owner | Hearst family |
Number of employees | 20,000 (2016) |
Divisions |
|
Subsidiaries | |
Footnotes / references [1][2] |
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] It also used to own 50% of Complex Networks in partnership with Verizon.
The conglomerate also owns several business-information companies, including Fitch Ratings and First Databank.[5]
The company was founded by William Randolph Hearst as an owner of newspapers, and the Hearst family remains involved in its ownership and management.[6]