Telegraph’s multi-million media luvvies
23 Aug 2008
The Telegraph Business has profiled the 100 most successful private companies in the UK including ‘Multi-million media luvvies’; those publishing and business media companies in private hands and PPA member companies The Economist and Haymarket Group were mentioned amongst this illustrious list.
Both organisations are continuing to post strong results and have structured their businesses for success in an integrated environment.
The Economist posted increased ABC figures this week with Yvonne Ossman, UK publisher of the title citing a move towards quality magazines. “The old view of elite media versus mass media is fading fast. People are more and more likely to be seen reading both Grazia and The Economist. Our readers appreciate the broad spectrum of media and information available to them.”
The Telegraph hails the title as ‘one of the few bright spots in the gloomy reality of today’s printed news industry’. With significant overseas growth, notably in the US and extensions of The Economist brand, in the form of other publications and the Economist Intelligence Unit (EIU) which deals with research, the FT / Pearson-owned group have continued with successful development.
The Group’s turnover was up to £248m last year and pre-tax profits rose 60 per cent to £49m.
Encompassing a successful events, business media and customer media empire under its umbrella, the Haymarket Group, overseen by Lord Heseltine is famed for publishing titles such as Autocar, Classic FM, Gramophone, F1 Racing, Stuff and What Car? in the consumer sector and established industry favourites such as Management Today, Marketing Campaign, GP, MIMS, Print Week and Horticultural World in the business media sector, However recently these have been complimented by an increasingly successful customer publishing business and alternative revenue streams from exhibitions, business information and conferences and events in the UK and further afield.
Turnover has increased 1 per cent to £247m after acquisitions followed disposals and a decrease in pre-tax profits in 2007, ‘Being a family business allows us to take a long-term view’ said Lord Heseltine in the company’s handbook – Portfolio.
Details from tina.hart@ppa.co.uk at PPA on 020 7400 7524.