The Economist

The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in London. Continuous publication began under founder James Wilson in September 1843. For historical reasons The Economist refers to itself as a newspaper, but each print edition appears on small glossy paper like a news magazine, and its YouTube channel is called EconomistMagazine. In 2006, its average weekly circulation was reported to be 1.5 million, about half of which were sold in the United States. The Economist claims that it is not a chronicle of economics. Rather, it aims to take part in a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress. It takes an editorial stance which is supportive of free trade, globalisation, free immigration and some socially liberal causes. It targets highly educated readers and claims an audience containing many influential executives and policy-makers. The publication belongs to The Economist Group, half of which is owned by the Financial Times, a subsidiary of Pearson PLC. A group of independent shareholders, including many members of the staff and the Rothschild banking family of England, owns the rest. A board of trustees formally appoints the editor, who cannot be removed without its permission. In addition, about two thirds of the 75 staff journalists are based in London, despite the global emphasis.