The Economist is an English-language weekly news and international affairs publication
owned by "The Economist Newspaper Ltd" and edited in London. It has been in continuous
publication since James Wilson established it in September 1843. As of summer 2007,
its average circulation topped 1.2 million copies a week, about half of which are sold
in North America. Consequently it is often seen as a transatlantic (as opposed to solely
British) news source.
The aim of The Economist is "to take part in a severe contest between intelligence,
which presses forward, and an unworthy, timid ignorance obstructing our progress.
"Subjects covered include international news, economics, politics, business, finance,
science, technology, and the arts. The publication is targeted at the high-end "prestige"
segment of the market and counts among its audience influential business and government
decision-makers.
It takes a strongly argued editorial stance on many issues, especially its support
for free trade and fiscal conservatism; it can thus be considered as a magazine which
practises advocacy journalism.
Although The Economist calls itself a newspaper and refers to its staff as
correspondents, it is printed in magazine form on glossy paper, like a newsmagazine.
The Economist belongs to The Economist Group. The publication interests of the group
include the CFO brand family as well as the annual World in..., the lifestyle quarterly
Intelligent Life, European Voice and Roll Call (known as "the Newspaper of Capitol Hill").
Another part of the group is The Economist Intelligence Unit, a research and advisory
company providing country, industry and management analysis worldwide. Since 1928, half
the shares of The Economist Group have been owned by the Financial Times, a subsidiary
of Pearson PLC, and the other half by a group of independent shareholders, including
many members of the staff. The editor's independence is guaranteed by the existence of
a board of trustees, which formally appoints him and without whose permission he cannot
be removed.
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