The Economist is a weekly publication based in London that covers global news and issues.
The Economist refers to itself as a newspaper, but it holds more in common stylistically with magazines, particularly newsweeklies like Time and Newsweek.
The magazine was founded in 1843 and is the flagship publication of the Economist Group, which also publishes the U.S. congressional publications Congressional Quarterly and Roll Call. The British media conglomerate Pearson PLC, which owns the Financial Times, owns half of the Economist Group, and the other half is owned by a variety of investors.
The Economist had 1.6 million subscribers in 2012, about 900,000 of which are in the United States. As of 2009, it was the only newsweekly with a rising circulation in the United States.
Its global circulation is also increasing, and the Economist Group became more profitable in 2009, though its advertising revenue fell and it cut about 130 positions that year.
The Economist has a relatively high subscription price and is aimed at a wealthy, cosmopolitan audience. It is highly regarded for its extensive international coverage and analysis, a model that has been emulated by several American magazines.