Hearst Corporation in the context of "Television station"

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⭐ Core Definition: Hearst Corporation

Hearst Corporation, Hearst Holdings Inc. and Hearst Communications Inc. comprise an American multinational mass media and business information conglomerate owned by the Hearst family and based in Hearst Tower in Midtown Manhattan in New York City.

Hearst owns newspapers, magazines, television channels, and television stations, including the Albany Times-Union, Houston Chronicle, San Francisco Chronicle, Cosmopolitan and Esquire. It owns 50 percent of the A&E Global Media cable network group and 20 percent of the Walt Disney Company's sports division ESPN Inc.. The conglomerate also owns Fitch Group and First Databank.

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In this Dossier

Hearst Corporation in the context of Media in New York City

New York City has been called the media capital of the world. The media organizations based in New York City are internationally influential and include some of the most important newspapers, largest publishing houses, biggest record companies, and most prolific television studios in the world. It is a major global center for the book, magazine, music, newspaper, and television industries. A 2019 Pew Research Center report found that 12 percent of all U.S. newsroom employees live in New York City, disproportionately higher than the 7 percent of the U.S. working-age population that lives in New York City.

New York is also the largest media market in North America (followed by Los Angeles, Chicago, and Toronto). Some of the city's media conglomerates include CNN (CNN Global), the Hearst Corporation, NBCUniversal, The New York Times Company, the Fox Corporation and News Corp, the Thomson Reuters Corporation, and Warner Bros. Discovery. Seven of the world's top eight global advertising agency networks are headquartered in New York. Three of the "Big Four" record labels are also headquartered or co-headquartered in the city. One-third of all American independent films are produced in New York. More than 200 newspapers and 350 consumer magazines have an office in the city and the book-publishing industry employs about 25,000 people.

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Hearst Corporation in the context of Universal Newsreel

Universal Newsreel (sometimes known as Universal-International Newsreel or just U-I Newsreel) was a series of 7- to 10-minute newsreels that were released twice a week between 1929 and 1967 by Universal Studios. A Universal publicity official, Sam B. Jacobson, was involved in originating and producing the newsreels. Nearly all of them were filmed in black-and-white, and many were narrated by Ed Herlihy. From January 1919 to July 1929, Universal released International Newsreel, produced by Hearst's International News Service—this series later became Hearst Metrotone News released first by Fox Film Corporation 1929–1934 and then by Metro-Goldwyn-Mayer beginning in 1934.

In 1974, the films' owner, MCA, made the decision to donate all its edited newsreels and outtakes collection to the National Archives, without copyright restrictions. The decision effectively released the films into the public domain, although some stories may contain other underlying intellectual property or proprietary use rights. Because royalties no longer have to be paid in order to broadcast them, Universal Newsreels have become a popular source of file footage. The History Channel made them a key part of the TV series Year-By-Year. Also, C-SPAN and CNN regularly use the films for video of events that took place before those networks were founded. Nevertheless, much of the footage was lost in the 1978 National Archives vault fire which destroyed about 12.6 million feet of 35mm black and white negatives, or about 70% of the MCA-U donation. Most of the nitrate film was irreplaceable single-copy outtakes from WWII that had never been seen by the public.

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