For only the second time in our history the ownership of The Economist changes
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Re: For only the second time in our history the ownership of The Economist changes
#2The first issue from 1843 can be viewed here, and Incognito mode can be used to (mostly?) bypass the article viewing limits:
Re: For only the second time in our history the ownership of The Economist changes
#3> Pearson, the owner of the Financial Times, which has had a non-controlling 50% stake in us since 1928, is selling. Three-fifths of those shares will go to an existing shareholder—Exor, the holding company of the Agnelli family. The rest will be bought back by our parent company, The Economist Group.
Phew, I was really worried they were selling to News Corp or something when I saw the headline. I've often thought of the Economist as the weekly version of FT, but the two are actually quite independent from each other (both in editorial control and legal control). Pearson had a 50% stake in the Economist but only 6/13 board seats. And the Economist has been great about fiercely guarding its editorial independence.
Re: For only the second time in our history the ownership of The Economist changes
#4The great champion of free markets is a remarkably illiquid good.
Re: For only the second time in our history the ownership of The Economist changes
#5> Pearson, the owner of the Financial Times, which has had a non-controlling 50% stake in us since 1928, is selling. Three-fifths of those shares will go to an existing shareholder—Exor, the holding company of the Agnelli family. The rest will be bought back by our parent company, The Economist Group. Phew, I was really worried they were selling to News Corp or something when I saw the headline. I've often thought of…
What's wrong with News Corp?
Re: For only the second time in our history the ownership of The Economist changes
#6> Pearson, the owner of the Financial Times, which has had a non-controlling 50% stake in us since 1928, is selling. Three-fifths of those shares will go to an existing shareholder—Exor, the holding company of the Agnelli family. The rest will be bought back by our parent company, The Economist Group. Phew, I was really worried they were selling to News Corp or something when I saw the headline. I've often thought of…
What's wrong with News Corp?
Aport from everything?
Re: For only the second time in our history the ownership of The Economist changes
#7> Pearson, the owner of the Financial Times, which has had a non-controlling 50% stake in us since 1928, is selling. Three-fifths of those shares will go to an existing shareholder—Exor, the holding company of the Agnelli family. The rest will be bought back by our parent company, The Economist Group. Phew, I was really worried they were selling to News Corp or something when I saw the headline. I've often thought of…
"Pearson had a 50% stake in the Economist but only 6/13 board seats."
And the board isn't even that powerful, it needs consent from the Trustees for many things, such as appointing the editor and the chairman:
http://www.economistgroup.com/results_and_governance/trustee...
Re: For only the second time in our history the ownership of The Economist changes
#8> Pearson, the owner of the Financial Times, which has had a non-controlling 50% stake in us since 1928, is selling. Three-fifths of those shares will go to an existing shareholder—Exor, the holding company of the Agnelli family. The rest will be bought back by our parent company, The Economist Group. Phew, I was really worried they were selling to News Corp or something when I saw the headline. I've often thought of…
What's wrong with News Corp?
A better question is what do you think isn't wrong with News Corp.?
Re: For only the second time in our history the ownership of The Economist changes
#9> Pearson, the owner of the Financial Times, which has had a non-controlling 50% stake in us since 1928, is selling. Three-fifths of those shares will go to an existing shareholder—Exor, the holding company of the Agnelli family. The rest will be bought back by our parent company, The Economist Group. Phew, I was really worried they were selling to News Corp or something when I saw the headline. I've often thought of…
What's wrong with News Corp?
News Corp biases its companies in favor of News Corp. The Economist has always been the hallmark of an independent newspaper that published a consistent of opinions in line with reality.
http://www.smh.com.au/federal-politics/political-news/news-c...
http://www.theguardian.com/world/2013/dec/21/attacks-on-abc-...
And I don't think anyone reasonable believes Fox is anything but a Conservatives-centric news network that plays out the News Corp official line in all situations.
Re: For only the second time in our history the ownership of The Economist changes
#10My life has changed for the better since subscribing to the Economist in 2011. For me, it's not about paying for content (which is great) but for the 'feeling of being informed'.
After reading each issue I feel informed about what is going on around the world. This has sparked many conversations with people from around the world.
I hope that following this transition that 'feeling of being informed' will not go away and I have no reason to suspect it would.
If only I had local and regional news at such a calibre...