(formerly International Publishing Corporation
), a wholly owned subsidiary of Time Inc.
, is a consumer magazine
and digital publisher in the United Kingdom, with a large portfolio selling over 350 million copies each year.
History of IPC
In the mid-1950s the magazine publishing industry in Britain was dominated by a handful of companies, principally the Associated Press Ltd (founded by Lord Harmsworth in 1890), Odhams Press Ltd
, George Newnes Publishers, C Arthur Pearson, and the Hulton Press, which fought each other for market share in a highly competitive marketplace.
In 1958 Cecil Harmsworth King
, chairman of a newspaper group which included the Daily Mirror and the Sunday Pictorial (now the Sunday Mirror) together with provincial chain West of England Newspapers, made an offer for Associated Press. The offer was accepted, and in January 1959 he was appointed its chairman. Within a few months he changed its name to Fleetway Publications Ltd after the name of its headquarters, Fleetway House in London's Farringdon Street.
Shortly thereafter, Odhams Press absorbed both George Newnes and the Hulton Press. King saw an opportunity in this to rationalise the overcrowded women's magazine market, in which Fleetway and Newnes were the major competitors, and made a bid for Odhams on behalf of Fleetway that was too attractive to ignore. Fleetway took over Odhams in March 1961.
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