Thursday 2 February 2017

Magazine Publishers

Bauer

Bauer media group is a European based media company based in Hamburg, Germany and was founded in 1875. They manage over 1000s forms of media products which of that includes around 600 magazines.
As of 2013 they had approximately 11,00 employees working for the, all over the world making them one of the largest media publishing companies in Europe.
Some of their most sort after and famous magazines they have published over the years includes Q, a music magazine originally published in the UK and Kerrang, a brand of rock magazine that has grown into its own radio and TV channel.
As of 2013 their yearly revenue is around the 2.4 billion euro mark, which not only makes it one of the most successful music magazine publishers in Europe but one of the most successful companies based on annual profit in Germany.
They mainly deal with very popular music magazines to a wider audience as to ensure the most profit, however they have been known to publish the occasional "niche" magazine to appeal to a select audience, this variety is what makes them so popular and successful.

 

Time Inc.

Time Inc. is an American based, mass media company founded in 1922 in New York city by Henry Luce and Briton Hadden. It currently publishes over 100 magazine brands, including its most famous title Time Magazine, and its main headquarters are situated in New York city. It produces many forms of media including magazines, events like concerts and websites.
It also has a UK based magazine publishing company called Time Inc. UK, which create such magazines titles as Country Life and NME.
As of 2016 they had around 7,200 employees working for them around the globe, this also includes their UK base.
In 2015 its revenue grew to a staggering 3.1 billion US dollars, however it saw a 881 million dollar decrease of the year before, this is due to the very low demand of magazines there is in modern day society, with the growth of the internet and web based articles, Time Inc. are struggling to keep up profits and adapted to out modern day needs.
Although Time Inc. is still today one of the most successful magazine publishers of all time with a great history, it is proven to struggle to change along with the demands of our 21st Century society, which sees them to loose money, however they have shown in the past they can turn it around.

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