News (publishing)

Last updated
News Publishing Group
Native name
Verlagsgruppe News Gesellschaft
IndustryNews Media
Headquarters
Products
Number of employees
500+ (2004)

Verlagsgruppe News Gesellschaft m.b.H. (News Publishing Group) is an Austrian publishing company that publishes fifteen magazines, including Profil and News , two weekly news magazines, and News online.

News has over 500 employees and approximately 60% of the magazine advertising market in Austria. [1]

Prior to their merger in 2001, leadership in the Austrian magazine market was contested between News and the Kurier Group, which at that time published Profil . The merger was unsuccessfully challenged by seven Austrian newspapers. [2] News is controlled by Gruner + Jahr, a printing and publishing company with headquarters in Hamburg, who own 56 percent of the stock. [1]

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References

  1. 1 2 "Trailblazer: A Portrait Of The News Publishing Group". G+J News. 25 October 2004. Archived from the original on 25 January 2005.
  2. "Magazinfusion kommt vor EU-Behorde" Der Standard (Vienna) 13 July 2001