Rothschild Family Considers Sale of Meaningful Stake in The Economist
A substantial shift may be underway at The Economist as the Rothschild family explores selling its entire stake in the globally recognized media and information company. This move signals a potential change in ownership for a publication steeped in history and influential analysis.
A Significant Holding
The Rothschilds currently hold a 26.7% stake in The Economist Group, a position built over generations. Notably, approximately 20% of this stake carries voting rights, granting considerable influence over the company’s direction.
Major shareholders & Potential Valuation
Italy’s Agnelli family, through their financial arm Exor, remains a dominant shareholder with around 43.4% ownership. Initial estimates suggest the entire Economist group could be valued around £800 million (approximately $1.07 billion). consequently, the Rothschild family’s stake could fetch up to £400 million.
Seeking Strategic Buyers
Advisors representing the Rothschilds have initiated discussions with potential buyers in both the United States and the United Kingdom.These include family offices and strategic investors who recognize the value of a respected brand like The Economist. Lazard is leading the sale process.
Timeline for Completion
The Rothschilds are aiming to finalize the sale before the end of the current year. This timeline suggests a focused and expedited process.
A Legacy of Ownership
This potential sale marks a significant moment for The Economist. The last major ownership change occurred in 2015 when pearson, after nearly 60 years, sold its 50% stake.
The Economist’s Current Performance
Recent financial reports demonstrate the publication’s continued strength. Revenue increased by 2% to £368.5 million, fueled by a subscriber base exceeding 1.25 million. The Economist maintains a global presence, operating in 14 countries including key markets like the United States, China, India, and the United Arab Emirates.
What This Means for You
If you’re a reader of The Economist, this potential ownership change doesn’t immediately impact your access to its insightful journalism. However, it’s a advancement worth watching, as new ownership could influence the publication’s long-term strategy and editorial focus. As an investor or media professional, this represents a rare opportunity to acquire a stake in a highly respected and financially stable global brand.
This sale underscores the ongoing evolution of the media landscape and the enduring value of quality, independent journalism. It will be interesting to see who steps forward to shape the next chapter of The economist’s storied history.
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