Time Out is a publishing company based in London
, England
. The
company's best known product is the
Time Out weekly
listings
magazine.
The Time Out Group Limited conducts most of its business from
London, New York and Paris.
Publications
The Time Out Group Limited has expanded over the past 40 years to
publish listings guides for other cities,
travel guides, guides to specific aspects of
cities (such as Eating and Drinking guides) and have established a
similar presence
online.
The
Time Out weekly listing magazines for a particular
city contains information about events in film, theatre, fashion,
literature and all other artistic events happening, as well as eat
out and night out sections.
Twenty-six cities and larger areas currently
published (January 2009 data) including London
, Chicago
, New York
, Lisbon
, Beijing, Beirut
, Dubai
, Istanbul
, Tel Aviv
, Cyprus
, Moscow
, Athens
, Singapore
, Saint-Petersburg,
Bucharest
, Almaty
, Kiev
, Mumbai
, New Delhi
, Abu
Dhabi
, Sydney
, Shanghai and Barcelona
. On 25 March 2008, Time Out Kuala Lumpur
launched in the Malaysian capital to become the 24th edition of the
magazine known as 'the world's living guide'.
A Time Out version for
Hong
Kong
was launched in May
2008. The latest edition of the magazine, Time Out
Jakarta
, was
launched in December 2008. Events listings are complemented
with articles, typically featuring celebrities appearing in one of
the listed events. Many publications are in English. Weekly city
guides are in local languages (e.g. the Athens guide is in Greek).
The London edition costs
£2.99 per
week (May 2009 prices) and has a circulation of 86,000 copies and a
readership of 374,000 people (Jan-Jun 2003 figures). These figures
are down from a record high of 110,496 achieved in Jan-June 1995.
The
Mexico
City
edition was issued from November 2003 to early 2007 along with
Chilango magazine but
was replaced by the magazine's own events guide, called Guía
Chilango.
Whilst the London edition is solely owned by the Time Out Group,
other editions are partly or wholly owned by other entities.
For
instance the ownership of a Chicago
edition of the magazine that launched in March 2005
was split 50-50 between the group and Joe
Mansueto.
The Singapore edition is licensed out to in-flight magazine
publishers
Ink Publishing.
Elliott
has said in an interview that he wants to expand to Los Angeles
and San
Francisco
once the
Chicago venture has been fully launched. Other editions are
not owned by the Time Out Group at all – for instance
Time Out
Mumbai is operated solely by a publisher licencing the
Time Out brand. Some critics in the financial press have
questioned whether this business model has allowed the
Time
Out brand to expand as quickly as it might have. The biggest
selling
Time Out is currently
Time Out New York (45% owned by the
Time Out Group). First published in 1995, it currently has a
circulation of 139,140 and an aging median reader of 39.
TONY has been nominated for a National Magazine Award for
General Excellence and an Acres of Diamonds Award for best
consumer-magazine launch. It has a monthly offshoot aimed at
parents of young children called
Time Out New York Kids.
The current editor-in-chief of Time Out New York is Michael
Freidson.
In
addition to the magazines, Time Out publishes food, drink
and restaurant guides for London
, New York City
, Dubai
and Paris
. For
London, its core city, it has also published guides for students,
shopping and health and fitness amongst others.
Time Out
also produces 48 travel guides to cities and regions around the
world. The guides are published in the UK by
Random House. Although similar in style to
other guides, such as those published by
Lonely Planet and
Rough Guide, the Time Out guides tend to
focus on more hip happenings in each city.
Time Out was
instrumental in bringing about specific listings for gay and
lesbian readers, a formula followed now by similar
publications.
The Group also publishes an annual film guide,
Time Out Film
Guide, being a compendium of short reviews of all major film
releases. The reviews can be found on the magazine's film home page
as well.
History
The original magazine, with listings for London, was published in
1968 by
Tony Elliott. The first issues
had a print run of around 5,000. It began as an alternative
magazine alongside other members of the
underground press in the UK, but by 1980
it abandoned its original collective decision making structure (and
commitment to equal pay for all its workers), leading to the
foundation of a competing
City Limits magazine by former
staffers. By now its former radicalism has all but vanished. As one
example of its editorial bent in the 1970s, London's
Time
Out published 60 names of purported
CIA
agents stationed in England in 1976.
Tony Elliott remains the owner of the Group. In 2003, the Group
reported revenues of £25m and a profit of £228,000. Elliott values
his company at "more than £30m". The
Sunday Times Richlist
2008 valued it at £40m.
See also
Further sources
References
External links