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August 12, 2015 marks the change in shareholding structure at The Economist. Pearson, which sold its stake in the Financial Times newspaper to Japan's publisher Nikkei, sold its stake in The Economist, as it shifted its focus to the education industry. Pearson had a non-controlling 50% stake in the magazine since 1928. Three fifths of these shares are being sold to a minority shareholder, Exor, the holding company of the Agnelli family in Italy. The rest of the Pearson shares are being bought by the parent company, The Economist Group. In this editorial the magazine's editors describe the background in which this takes place, and the reasons why this will be good for the magazine and its independence. The shares held by The Economist Group are controlling shares, which ensure the independence of the publication.
The independence of The Economist magazine as Pearson sells most of its noncontrolling stake to Exor, the holding company of the Agnelli family
08/12/2015
The editors of the magazine provide the background for the change and explain why it will be good for the magazine, continuing to ensure its independence. The magazine presents itself as part of the running battle betweeen intelligence and ignorance with every instalment or edition.
Grouped Articles
Economist 08/12/2015
Pearson’s Stake in Economist Group to Be Sold to Other Shareholders
New York Times 08/12/2015
The independence and style of The Economist magazine
08/04/2015
Grouped Articles
Up for Sale, The Economist Is Unlikely to Alter Its Voice
New York Times 08/04/2015
Economist 08/12/2015
Pearson’s Stake in Economist Group to Be Sold to Other Shareholders
New York Times 08/12/2015
Pearson's plans to sell its 50% stake in The Economist magazine in 2015
07/27/2015
Grouped Articles
Pearson in Talks to Sell Economist Stake
Wall Street Journal 07/27/2015
Up for Sale, The Economist Is Unlikely to Alter Its Voice
New York Times 08/04/2015
Economist 08/12/2015
Pearson’s Stake in Economist Group to Be Sold to Other Shareholders
New York Times 08/12/2015
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