THIS newspaper does not like to dwell on itself. We are proud of our heritage of editorial and commercial independence, serving no master save the liberal credo of open markets and individual freedom. But we publish no masthead listing our staff, no bylines for our journalists—and in our weekly edition no letter from the editor.
This week’s issue is an exception, because it is an exceptional moment in The Economist’s history. On August 12th we announced the most important change to our shareholding structure in almost 90 years. Pearson, the owner of the Financial Times, which has had a non-controlling 50% stake in us since 1928, is selling. Three-fifths of those shares will go to an existing shareholder—Exor, the holding company of the Agnelli family. The rest will be bought back by our parent company, The Economist Group.
A change in ownership is an important event for any newspaper, even ...
from The Economist: Leaders http://ift.tt/1Txsha2
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