July 12, 2014 9:38 AM ET

Media

Company Overview of Hearst Communications, Inc.

Company Overview

Hearst Communications, Inc. publishes a fashion magazine for women in the United States and internationally. Its magazine offers information and news related to fashion, beauty, hair, and relationships. The company also provides advertising services. Additionally, it offers print and digital subscription services. The company was founded in 1996 and is based in New York, New York. Hearst Communications, Inc. operates as a subsidiary of The Hearst Corporation.

300 West 57th Street

24th Floor

New York, NY 10019

United States

Founded in 1996

Phone:

212-903-5000

Fax:

212-767-5980

Key Executives for Hearst Communications, Inc.

Editor-in-Chief of Hearst Design Group and Editor-in-Chief of House Beautiful
Editor-in-Chief of Elle Decor
Editor-in-Chief of Veranda
Editor-in-Chief of Cosmopolitan
President of Hearst Magazines
Age: 53
Compensation as of Fiscal Year 2014.

Hearst Communications, Inc. Key Developments

NBCUniversal Planning To Sell A&E Stake To Walt Disney And Hearst

Comcast Corporation’s (NasdaqGS:CMCS.A) NBCUniversal Media, LLC is planning to sell 15.8% stake in A&E Television Networks, LLC to the other partners in the joint venture, The Walt Disney Company (NYSE:DIS) and Hearst Communications, Inc. According to the news report, the deal could be worth about $2 billion. Comcast said recently that it had exercised an option requiring Disney and Hearst to buy back ‘a substantial portion’ of its ownership in A&E. Each company owns about another 42% A&E. Comcast said that it expects the transaction to close in the second half of 2014. The report mentioned that Comcast spokesman, Charlie Douglas and Hearst spokesman Paul Luthringer declined to comment. A Disney representative wasn't immediately available for comment. According to Citi analyst, Jason NBCUniversal's stake could be worth about $2 billion and could be used to reduce the company's debt.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 8, 2013
Hearst Communications Inc., San Francisco Chronicle Printing Plant in Union City
 

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