A Sprawling Media Empire
William Randolph Hearst died in 1951 but his sprawling media empire is still very much present and has even grown. His father George Hearst first made it big in mining. George then went into politics and to further his voice bought a newspaper, the San Francisco Daily Examiner.
After George got elected to the U.S Senate for California in 1886 he turned the newspaper over to his then 23 year old son Randolph. In March 4, 1887 Randolph placed his name on the masthead of the San Francisco Daily Examiner and this was the beginning of the Hearst media empire. Randolph literally changed media. He hired the best journalists, provided energetic, exciting news, had editorials which were forceful and had conviction. Randolph also bought the most advanced printing equipment around. In a few years the once sedate newspaper was a roaring success.
From the west coast Randolph went east purchasing the New York Journal and later owned newspapers from coast to coast. He always innovated and tried different formats. He did many firsts in the industry like wire syndication of news copy. Randolph entered the magazine business, radio and other media forms.
Today Hearst Corporation is still a private company owned by the Hearst family but run by a board of trustees. The setup has managed to hold up very well for the company. It has around 200 businesses in more than 150 countries. The company has 20,000 employees with headquarters in New York City.
Hearst Corporation is sprawling. Under Hearst Newspapers are 15 daily newspapers such as the Houston Chronicle and the Albany Times Union. Hearst Magazines is one of the world’s largest publishers of monthly magazines with 20 U.S. titles and more than 300 international editions. Hearst Television, Inc. includes 29 television and two radio stations in different parts of the U.S. Hearst Entertain and Syndication comprises cable network partnerships as well as television programming activities.
Hearst Interactive Media operates digital media businesses. Hearst Business Media runs more than 20 business-to-business information services, electronic databases and publications. While Hearst Real Estate & Other Operations comprises among others Hearst Realties and Hearst Service Center.
The Hearst Corporation has benefited from its trustee management setup as well as being professionally run by trusted executives.