Description
Time Out Group is a global media and entertainment company. Its digital and physical presence comprises websites, mobile editions, magazines, live events and markets. Time Out covers events, entertainment and culture in cities around the world.
Time Out was established in 1968, by founder Tony Elliott and has developed into a global platform across 315 cities and in 58 countries. Time Out Market was launched in 2014 in Lisbon.
History
The original Time Out magazine was first published in 1968 by Tony Elliott with Bob Harris as co-editor, and has since developed into a global platform across 315 cities and 58 countries. The magazine was a one-sheet pamphlet with listings for London. It started as a counter-culture publication that had an alternative viewpoint on issues such as gay rights, racial equality, and police harassment. Early issues had a print run of around 5,000 and evolved to a weekly circulation of 110,000. One of the editors in the 1970s was Roger Hutchinson.
The brand was expanded to North America with Time Out New York magazine also known as TONY in 1995 followed by Time Out New York Kids in 1996. The success of taking the Time Out brand abroad led to the expansion of the magazine worldwide. The brand grew to include travel magazines, city guides, and books.
Time Out was able to withstand print competition; however, its late integration of a digital platform during the online revolution proved to be a challenge. When Time Out New York launched it did not have a website and was competing against well-established online publications such as Citysearch and The Village Voice. The company; however, continued to expand with licensing of the brand and in 2009 launched its iPhone app in New York and then London, which was sponsored by Smirnoff, enabling the app to be free of charge.
Financial loss and the necessity to expand the Time Out brand led Tony Elliott to sell half of Time Out London and 66 percent of TONY to private equity group Oakley Capital in May 2011. Under new ownership, the company expanded the brand digitally through partnerships with software companies to develop a common online platform for the brand and to create multi-city mobile applications. The company continued to grow digitally and launched an iPad app for New York and London in July 2012. The iPad app was initially sponsored by MasterCard.
In July 2015, Time Out Group announced a £7 million investment in Flypay, a pay-at-table mobile app that will integrate its technology into Time Out's media platform.
In June 2016, Time Out Group underwent an initial public offering and trades under the symbol TMO on London's AIM stock exchange.
In March 2020, during the COVID-19 pandemic, the Time Out website altered its logo to read Time Out In, and the site began recommending activities that could be enjoyed at home.
Time Out publications
Time Out magazine is available in 40 cities around the world including Lisbon, Porto, L.A., Miami, Chicago, Sydney, Melbourne, Hong Kong, Madrid, Barcelona, Singapore, Beijing, Shanghai, Tel Aviv, Mexico City, Bangkok, Tokyo, Dubai and Istanbul among others. Time Out London magazine is a free weekly publication based in London. Time Out provides event listings and editorial on film, theatre and the arts in London to inform readers of the availability of entertainment in the city.
Time Out New York (referred to as TONY) was the brand's first magazine launch in North America and debuted in 1995. Time Out New York is now available for free every other Wednesday in vending boxes and newsstands across New York City and there are copies inside cultural establishments, cafes and other locations. The web audience is estimated to 4.5 million unique visitors a month.
