Like founder William Randolph Hearst's castle, The Hearst Corporation is sprawling. Through Hearst Newspapers, the company owns some 15 daily newspapers (such as the San Francisco Chronicle and the Houston Chronicle) and 35 weekly newspapers. Its Hearst Magazines publishes more than 300 global titles, including major US consumer magazines such as Cosmopolitan and Esquire. Hearst has broadcasting operations through its Hearst Television subsidiary. Its Hearst Entertainment & Syndication unit includes syndication service King Features, newspaper production service Reed Brennan, and stakes in cable networks (A&E, ESPN). The Hearst Corporation is owned by the Hearst family, but managed by a board of trustees.
Outside of the US, China is an important market for the company's magazine business. A direct presence in China presents numerous opportunities for other Hearst divisions to invest and build businesses there.
Hearst publishes information for automotive, electronic, pharmaceutical, and finance industries through its Hearst Business Media segment. Through its Hearst Interactive Media unit, the company makes strategic investments in online properties such as Brightcove and BuzzFeed and has a minority stake in entertainment network UGO Entertainment.
The company publishes about 20 magazines in the UK through subsidiary The National Magazine Company. Hearst's top magazine title, Cosmopolitan, is published in about 35 languages and sold in more than 170 countries, making it the largest magazine franchise in the world.
Mergers and Acquisitions
During fiscal 2014 the company acquired CareInSync, a software solutions company providing a real-time, mobile platform to improve patient care by enhancing communications between care providers and patients.
Hearst has had success keeping costs down and managing the transition from print to digital. Hearst Magazines formed a unit called Hearst Magazines Digital Media, through which it publishes apps and digital editions of its magazines. Included in the enhanced digital issues for the iPad, iPhone, iPod Touch, and Droid platform is special content and games based on its brands. These efforts follow Hearst's formation of a joint venture with Advance Magazine Publishers (dba Condé Nast), Meredith, News Corp., and Time Inc. to offer a new digital storefront and portable reading experience.