NEWS (publishing)
Encyclopedia
Verlagsgruppe News Gesellschaft m.b.H. (News Publishing Group) is an Austrian publishing company that publishes fifteen magazines, including profil
Profil (magazine)
profil is an Austrian news magazine. It was founded in 1970 by Oscar Bronner, who also founded the magazine Trend and the daily newspaper Der Standard....

and News, two weekly news magazines, and News online.

News has over 500 employees and approximately 60% of the magazine advertising market in Austria.

Prior to their merger in 2001, leadership in the Austrian magazine market was contested between NEWS and the Kurier group, who at that time published profil. The merger was unsuccessful challenged by seven Austrian newspapers. News is (2007) controlled by Gruner + Jahr
Gruner + Jahr
Gruner + Jahr GmbH & Co. KG is the largest European printing and publishing firm. Its headquarters is in Hamburg, Germany.-History:Originally founded on August 1, 1948 as the Henri Nannen publishing house, Gruner + Jahr was created in 1965 from a merger by acquisition, by publishers John Jahr Sr....

, a printing and publishing company with headquarters in Hamburg
Hamburg
-History:The first historic name for the city was, according to Claudius Ptolemy's reports, Treva.But the city takes its modern name, Hamburg, from the first permanent building on the site, a castle whose construction was ordered by the Emperor Charlemagne in AD 808...

, who own 56 percent of the stock.

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