Recent from talks
Nothing was collected or created yet.
Haymarket Media Group
View on Wikipedia
This article needs additional citations for verification. (May 2018) |
Haymarket Media Group is a private media company headquartered in London, United Kingdom. It has publications in the consumer, business and customer sectors, both print and online. It operates exhibitions allied to its own publications, and previously on behalf of organisations such as the BBC.
Key Information
History
[edit]Haymarket was founded in 1957.[1] Clive Labovitch and Michael Heseltine – later a Cabinet minister under Margaret Thatcher and Deputy Prime Minister under John Major – who had met at university, started out with the 1957 Directory of Opportunities for Graduates, and in 1959 relaunched Man About Town, which was to become an influential (if unprofitable) men's consumer magazine.
The company failed in its relaunch of the British news weekly Topic, the title closing at the end of 1962, within three months of the takeover.[2] The partners split in 1965, with Heseltine renaming his half of the business Haymarket Press to publish Management Today.[3] In 1965, the company acquired the medical business AE Morgan, which produced a reference book of drug formulas for the medical profession, for £250,000.[1]
In 1967 British Printing Corporation merged its titles into the company too. New titles included weekly Autosport, monthly Lithoprinter (later known as PrintWeek) and Gardener's Chronicle (GC).
The company was renamed Haymarket Publishing; owing to its growing presence in online media and live events, it was rebranded as Haymarket Media Group in 2007.[4] Haymarket has laboured under heavy borrowings since Michael Heseltine returned from politics to take the helm and to buy back large minority shareholdings from Lindsay Masters and Simon Tindall, who had managed the business in his absence. These borrowings were reduced to some extent by the sale of properties. The company is now managed by Heseltine's son Rupert.[4]
Operations
[edit]Haymarket Business Media
[edit]This division provides news and information for professionals in areas including environmental management, horticulture, planning, medicine and marketing.[citation needed] These are generally subscription-only publications and, in all but a limited number of cases, are not available for sale via retail.[citation needed]
The portfolio includes a number of magazines and websites: Brand Republic, Campaign, Clinical Advisor, COMPASS Online, Conference and Incentive Travel, DCP Online, DMNews, The ENDS Report, Event, FinanceAsia, GP magazine, Horticulture Week, Monthly Prescribing Reference, Management Today, Marketing, Marketing Direct, McKnight's Long-Term Care News, Media Week, MIMS, MM&M, Planning Resource, PRWeek, Placemaking Resource, Renal & Urology News, SC Magazine, Third Sector, TASPO, Cancer Therapy Advisor and Windpower Monthly.
Haymarket Consumer Media
[edit]Haymarket publishes a number of automotive consumer magazines, all for sale by retail, and also a number of websites. The portfolio includes Autocar, CAT, Classic & Sports Car, and What Car?. The division was formerly a home to motoring photographic agency LAT Photographic.
In 2013, Haymarket sold Gramophone to Mark Allen Group.[5] In 2016, Haymarket sold its motorsport properties (including LAT Photographic) to Motorsport Network. In 2018, Haymarket sold Practical Caravan, Practical Motorhome, FourFourTwo and What Hi-Fi? to Future and Stuff to Kelsey Media.[6]
Wonderly
[edit]In February 2019, the Haymarket Media Group launched Wonderly, a content marketing agency.[7] In April 2019, Nic Shaw joined Wonderly to lead an editorial team embedded in Volkswagen Group's headquarters in Milton Keynes.[8]
Haymarket exhibitions
[edit]Exhibitions include:
- Autosport International (sold to Motorsport Network)
- Clothes Show Live (sold to SME London Ltd)[citation needed]
Worldwide
[edit]Haymarket entered the Indian market in 1999, becoming one of the first foreign-owned magazine publishers to do so.[4]
References
[edit]- ^ a b Membery, York (22 May 2025). "Lord Heseltine: My weaknesses? Jaguars and jelly babies". www.thetimes.com. Retrieved 26 May 2025.
- ^ "Man About Town magazine: 1950s pioneer of men's sector". Magforum. Archived from the original on 11 April 2013. Retrieved 19 October 2013.
- ^ The Marcus Morris Award, Periodical Publishers Association, London. Undated Archived 14 August 2007 at the Wayback Machine. Retrieved: 4 September 2007.
- ^ a b c "What's next for Haymarket Media?". Flashes and Flames.com. 27 July 2015. Archived from the original on 27 July 2015. Retrieved 29 July 2015.
- ^ InPublishing (11 October 2013). "Mark Allen Group acquires Gramophone". www.inpublishing.co.uk. Archived from the original on 6 December 2018. Retrieved 6 December 2018.
- ^ Tobitt, Charlotte (8 June 2018). "Haymarket sells gadget magazine Stuff to Kelsey Media". Press Gazette. Retrieved 1 September 2018.
- ^ Squires, Laura (28 February 2019). "Haymarket Media Group welcomes you to the World of Wonderly". Haymarket Media Group. Retrieved 25 September 2024.
- ^ "Nic Shaw joins Wonderly to head up its in-house VWG team". InPublishing. 30 April 2019. Retrieved 25 September 2024.
External links
[edit]Haymarket Media Group
View on GrokipediaHaymarket Media Group is a privately owned global media company headquartered in London, United Kingdom, founded in 1957 by Michael Heseltine to produce specialist publications in business, consumer, and healthcare sectors.[1][2]
The company develops content across print, digital, events, and data services, maintaining a portfolio of more than 70 brands targeted at professional and enthusiast audiences, including advertising trade title Campaign, automotive magazine What Car?, and public relations publication PRWeek.[3][4]
Haymarket's operations span multiple continents, with key offices in the UK, United States, Asia, and Australia, emphasizing niche market expertise and trusted information delivery since its inception as a conservative-leaning enterprise that funded Heseltine's entry into politics.[5][6]
History
Founding and Early Development
Haymarket Media Group originated as Cornmarket Press, established in London in 1957 by Michael Heseltine, then a recent Oxford University graduate, and his associate Clive Labovitch.[7] [8] The venture began modestly in a small office, focusing on recruitment-oriented publications targeted at students and graduates, with the inaugural title being the Directory of Opportunities for Graduates, a guide listing job prospects for university leavers.[8] [9] This directory capitalized on post-war economic expansion and rising higher education enrollment in the United Kingdom, providing a controlled-circulation model that distributed copies free to targeted audiences while generating revenue through advertising from employers.[10] In 1959, Cornmarket Press expanded by acquiring its first consumer magazine, the quarterly Man About Town, purchased for £300 after Labovitch identified the underperforming title as an opportunity for revitalization through improved editorial focus and distribution.[10] This acquisition marked an early shift toward lifestyle and men's interest content, blending recruitment advertising with broader consumer appeal. By the early 1960s, the company had built on this foundation by innovating in customer publishing—applying controlled-circulation principles to bespoke magazines for corporate clients—and issuing additional directories and guides, such as student-focused titles like Oxford University What's What.[10] [11] The partnership between Heseltine and Labovitch dissolved around 1965, prompting Heseltine to rebrand his controlling share as Haymarket Press, under which the firm launched Management Today in 1966 as its first major business magazine.[12] This period solidified Haymarket's dual emphasis on business-to-business titles serving professional sectors and consumer media, with early growth driven by Heseltine's hands-on management amid his concurrent entry into politics as a Conservative MP in 1966.[13] The company's revenue model relied heavily on advertising from industries like recruitment, manufacturing, and consumer goods, achieving profitability through lean operations and targeted niche markets rather than mass circulation.[14]Expansion Under Heseltine Leadership
Under Michael Heseltine's leadership following the company's rebranding in 1964, Haymarket shifted from directory publishing to specialist magazines, launching Campaign in 1968 as its flagship title covering advertising and marketing.[15] This period saw rapid diversification into niche sectors, including medical publishing through the 1964 acquisition of MIMS (Monthly Index of Medical Specialities) and the launch of GP, a magazine for general practitioners.[14] Automotive and leisure titles such as Autosport (motorsport) and Practical Caravan were also integrated via launches and acquisitions, bolstering consumer media segments.[9] The 1970s and 1980s brought infrastructural and operational growth to accommodate expanding staff and titles, including the purchase and refurbishment of a large headquarters in Teddington in 1980, previously scattered across inadequate London offices.[10] Haymarket further strengthened its marketing portfolio by acquiring PRWeek in 1988, enhancing coverage of public relations four years after Campaign's established dominance.[15] These moves reflected a strategy of targeted investment in high-value B2B niches, leveraging Heseltine's business acumen amid his intermittent political engagements, with family oversight ensuring continuity.[6] By the late 1980s, this expansion had positioned Haymarket as the UK's largest independently owned publishing house, with revenues diversified across advertising-dependent specialist titles rather than broad consumer generalists.[16] The approach prioritized profitability in underserved markets like medical and marketing communications, avoiding overextension into volatile mass media, though it later faced challenges from digital disruption in the 2000s.[9]Key Acquisitions and Restructuring
In 2009, Haymarket Publishing restructured its marketing and advertising trade titles by discontinuing the print edition of Media Week and shifting it to an online-only format, as part of broader efforts to adapt to digital trends amid declining print revenues.[17][18] A more extensive reorganization occurred in 2014, prompted by an £8 million loss over 18 months, involving the disposal of non-core assets, office relocations, debt reduction initiatives, and aggressive cost-cutting measures; this restructuring coincided with Rupert Heseltine, son of founder Paul Heseltine, assuming direct control of daily operations to streamline the business.[19] Haymarket has pursued strategic acquisitions to bolster its portfolios in medical, marketing, and digital sectors. On March 5, 2015, its U.S. subsidiary Haymarket Media Inc. acquired Group DCA, gaining assets such as the proprietary DIAGRAM platform for medical visuals and the The Medical Bag brand.[20] In February 2021, Haymarket took a stake in TMotions Global, a data analytics firm, though financial terms were not disclosed.[21] The company acquired Bay Publishing Ltd. on January 9, 2023, incorporating three established global brands focused on magazine and online content with plans for digital enhancements.[22] Later that year, on September 18, Haymarket purchased Garden Connect, a horticulture-focused platform.[23] Most recently, on September 25, 2025, Haymarket acquired Marketing Week, Creative Review, and the Festival of Marketing event from Centaur Media, expanding its marketing intelligence offerings and establishing new footholds in Canada via Campaign Canada and the Netherlands through a green business title.[24][25]Ownership and Leadership
Heseltine Family Control
The Haymarket Media Group was co-founded in 1957 by Michael Heseltine, who initially partnered with others before assuming majority control following a 1965 split that renamed his portion Haymarket Press.[19] During Heseltine's political career, including his tenure as a Conservative MP and cabinet minister, his 51% stake was placed in a family trust to comply with conflict-of-interest rules, with day-to-day management handled by executives such as Lindsay Masters, Simon Tindall, and David Fraser.[26] This arrangement persisted until 2007, when the Heseltine family regained direct control, affirming the company's status as a private, family-owned entity intended to remain so across generations.[27] By 2014, amid financial restructuring to address an £8 million pre-tax loss, the Heseltine family consolidated 100% ownership of the group, eliminating external shareholders and enabling focused strategic decisions unencumbered by outside influences.[19] Michael Heseltine, who had handed operational reins to his son Rupert in 2009, continued as chairman until December 2022, marking 65 years of involvement and overseeing the transition to full family stewardship.[28] Rupert Heseltine, a director since 2001, assumed the chairmanship, maintaining the family's dominant role in governance while leveraging his experience in media operations.[8] This structure has preserved Haymarket's independence as a privately held enterprise, with the Heseltine family's unified ownership—confirmed through Companies House records listing Michael and other family members as key persons with significant control—facilitating long-term investments in digital diversification and global expansion without public market pressures.[29] The absence of minority investors or institutional stakes underscores a commitment to familial decision-making, which has been credited with navigating industry disruptions, though it has occasionally drawn scrutiny for limited transparency compared to publicly traded peers.[9]Executive Structure and Governance
Haymarket Media Group operates as a privately held company fully owned by the Heseltine family, with governance centered on a board of directors comprising family members and key executives.[19][30] The board oversees strategic direction and major decisions, reflecting the family's long-term control established since the company's founding in 1957 by Michael Heseltine (Lord Heseltine) alongside partners. In December 2022, Lord Heseltine retired as chairman after 65 years but remains an active director, with his son, the Hon. Rupert Heseltine, succeeding him in that role as part of board refreshments that included new appointments to align with ongoing business evolution.[30][29] The current active directors, as registered with Companies House, include:- Kevin Thomas Francis Costello, director since 19 June 2000, serving as global chief executive;
- Brian John Freeman, director since 9 June 2000, in the role of finance director;
- Michael Ray Dibdin Heseltine (Lord Heseltine), director since 28 January 2004;
- Rupert Heseltine, director since 28 January 2004.[29]
