Hearst Corporation profile and media properties

Media Owners editors    Boulder Colorado USA

Posted at 7:17am on Monday, June 6, 2011

-- June 2, 2011 -- Kate Kelly Smith is now senior vice president and publishing director and Patricia Haegele publishing director at Hearst. Smith was previously vice president, publisher and chief revenue officer at House Beautiful, while Haegele was senior vice president, publisher and chief revenue officer at Good Housekeeping.

Media Owners editors    Boulder Colorado USA

Posted at 11:17am on Monday, May 9, 2011

-- May 9, 2011 -- Suzanne Grethen is now vice president of promotion and marketing at Hearst Television, effective June 1. She was previously creative services director at Hearst's WESH TV 2 in Orlando.

Media Owners editors    Boulder Colorado USA

Posted at 4:31pm on Tuesday, April 26, 2011

-- April 26, 2011 -- Jack Rohan Jr. is now senior vice president, finance at Hearst. He was previously vice president, group controller there.

Media Owners editors    Boulder Colorado USA

Posted at 9:36am on Thursday, March 31, 2011

-- March 31, 2011 -- Steven R. Swartz t is now chief operating officer and Mark E. Aldam president of Hearst Newspapers. Swartz was previously senior vice president and Hearst Newspapers president, while Aldam was executive vice president and deputy group head.

Media Owners editors    Boulder Colorado USA

Posted at 9:22am on Wednesday, March 16, 2011

-- March 14, 2011 -- David Kang is now creative director, content extensions, at Hearst. He was previously senior vice president and general manager at Rodale Inc.

Media Owners editors    Boulder Colorado USA

Posted at 9:15am on Friday, March 4, 2011

Hearst Television Receives Walter Cronkite Award

-- Station group wins honor for election and issues reporting, the company announced on March 3, 2011:

"Hearst Television Inc. has earned its sixth consecutive USC Annenberg Walter Cronkite Award for Excellence in Television Political Journalism, in recognition of coverage of the 2010 election season.

The Cronkite Awards, named for the legendary CBS News anchor, were established at the University of Southern California's Annenberg School for Communication following the 2000 election season to recognize excellence in television coverage of politics and political issues.

Judges commended Hearst Television for its "clear, well-edited and comprehensive" reporting. They cited coverage of topics including bipartisanship, campaign expenditures and the accuracy of campaign ads. Judges said issues were clearly discussed and audience-friendly, adding that "Hearst continues to be a consistent success in this arena."

Also honored, in the Local Broadcast Station category, was Hearst's WISN TV 12 in Milwaukee, which earned a Special Commendation for its political "town hall" programming."

Media Owners editors    Boulder Colorado USA

Posted at 10:16am on Tuesday, March 1, 2011

-- March 1, 2011 -- Fotoulla Euripidou is now vice president and director of consumer research at Hearst Magazines, effective March 21. She was previously with Rodale Inc.

Media Owners editors    Boulder Colorado USA

Posted at 5:29pm on Tuesday, February 22, 2011

-- February 22, 2011 -- Eliot Kaplan is now executive director, talent acquisition at Hearst. He was previously editorial talent director there.

Media Owners editors    Boulder Colorado USA

Posted at 11:17am on Monday, January 31, 2011

Lagardère Receives Binding Offer from Hearst for Non-French Magazine Business, Lagardère announced in Paris on January 31, 2011:

"Lagardère SCA is pleased to announce it has received a fully binding offer from Hearst Corporation, not subject to any further due diligence, for its international magazine business with an attached share purchase agreement. The companies have extended the exclusive period which began on December 31, 2010.

*Hearst has made a firm cash offer of €651M for Lagardère Active's international magazine business. The perimeter to be sold includes 102 titles in 15 countries (The United States, Russia & Ukraine, Italy, Spain, UK, China, Japan, The Netherlands, Czech Republic, Hong Kong, Mexico, Taiwan, Canada and Germany).

*The transaction includes a Master License Agreement (MLA) relating to the Elle trademark in the 15 countries mentioned above. Lagardère will grant a license to Hearst (for magazines, internet, mobile, and all digital and audiovisual supports), which will not cover merchandising licensing. As a result, Lagardère will be entitled to receive an annual recurring royalty payment from Hearst, based on Elle net sales generated by Hearst in the above 15 countries:
- Based on 2010 unaudited financials, this recurring royalty payment (net of associated expenses) will be c.€8M in Resop1 for Lagardère Active ;
- These above future payments are equivalent to an estimated c.€70M (post tax) value on a net present basis

*Lagardère will retain, in some European countries, real estate assets, currently used by the international magazine business, worth around €30M.

As the owner of the Elle trademark, Lagardère will continue to oversee the brand consistency through the Elle network management.

This binding offer is subject to some customary governmental approvals and to antitrust clearances in some countries.

In compliance with regulatory requirements in some jurisdictions and prior to signing transaction documentation, Lagardère will initiate an information and consultation procedure with the relevant workers' councils.

Closing of the transaction is expected by Q3 2011."

Media Owners editors    Boulder Colorado USA

Posted at 9:29am on Monday, January 17, 2011

Condé/Hearst Tale of the Tape

-- On January 16, 2011, Mediaweek Magazine reported:

"Hearst Corp. has long had to live in Condé Nast’s shadow, never quite as big—or as prestigious—as its rival. But now, as Adweek reported first, Hearst is nearing a deal to buy Lagardère’s international magazine business, including U.S. arm Hachette Filipacchi Media (Elle, Elle Decor, Woman’s Day) and Elle’s 43 editions around the world. Hearst would emerge, at least temporarily, with the No. 2 position in market share, surpassing Condé Nast and coming just behind No. 1 Time Inc., per Publishers Information Bureau. The biggest competition may come in the hotly contested categories of fashion and shelter where Hachette would give Hearst a leg up on Condé Nast. Here’s how the two will stack up in key areas."

Get the full story.