Jump to content

Fast Company

From Wikipedia, the free encyclopedia
(Redirected from John Koten)
For other uses, see Fast Company (disambiguation).

Fast Company
Winter 2023 cover, featuring Marques Brownlee
EditorBrendan Vaughan
CategoriesBusiness magazine
FrequencyQuarterly
PublisherFast Company, Inc.
Total circulation
(June 2012)		757,858[1]
First issueNovember 1995
CompanyMansueto Ventures
CountryUSA
LanguageEnglish
Websitewww.fastcompany.com Edit this at Wikidata
ISSN1085-9241

Fast Company is an American business magazine published monthly in print and online, focusing on technology, business, and design. It releases six print issues annually.

History

[edit]

Fast Company was founded in November 1995[2][3] by Alan Webber and Bill Taylor, both former Harvard Business Review editors, and publisher Mortimer Zuckerman.[4][5] Early competitors included Red Herring, Business 2.0 and The Industry Standard.[6]

In 1997, Fast Company created an online social network called the "Company of Friends," which led to the formation of numerous meeting groups.[7] At its peak, the Company of Friends comprised over 40,000 members across 120 cities, though membership declined to 8,000 by 2003.[8]

In 2000, Zuckerman sold Fast Company to Gruner + Jahr, majority-owned by media giant Bertelsmann, for $550 million.[9] The sale coincided with the dot-com bubble burst, resulting in substantial losses and a drop in circulation. Webber and Taylor departed in 2002, and John A. Byrne, formerly a senior writer and management editor at BusinessWeek, became the new editor. Under Byrne, the magazine received its first Gerald Loeb Award, a prestigious honor in business journalism.[10] However, the magazine couldn't overcome its financial decline following the dot-com bust. Despite not focusing specifically on Internet commerce, advertising pages decreased to one-third of their 2000 levels.[8]

In 2005, Gruner + Jahr put the magazine, along with Inc. magazine, up for sale. Byrne contacted entrepreneur Joe Mansueto and assisted him in the acquisition. A bidding war ensued between The Economist and Mansueto's company, Mansueto Ventures. Mansueto, promising to keep Fast Company afloat, won the contest, acquiring both magazine titles for $35 million.[11]

Under former editor-in-chief Robert Safian,[12] Fast Company was recognized by the American Society of Magazine Editors with the magazine of the year in 2014.[13]

Stephanie Mehta was appointed editor-in-chief in February 2018,[14] after having worked at Vanity Fair, Bloomberg, Fortune, and The Wall Street Journal. Fast Company is owned by Mansueto Ventures and has its headquarters in Manhattan.

In September 2022, the Fast Company website, fastcompany.com, was compromised in an attack, and racist messages were sent.[15] The site was accessed to send push notifications that the company identified as "obscene and racist." Consequently, the site was taken offline for eight days.[16][17]

In 2024, the company won The Society Of Publication Designers (SPD) silver medal for its “World Changing Ideas” and six gold medals for its projects, including “Selena Gomez and the Meteoric Rise of Rare Beauty”, “YouTube’s Game Day”, “Brands That Matter”, “The Recommender Gift Guide”, and gold in the Best Of Science/Business/Technology category, as well as for the redesign of the magazine, which launched with the Eva Longoria issue.[18]

Website

[edit]

Launched in 1995,[19] FastCompany.com provides coverage of leadership and innovation in business, environmental and social issues, entertainment and marketing, and, through its Co.Design site, the intersection of business and design, spanning architecture to electronics and consumer products to fashion. Fast Company also previously managed sites called Co.Labs, Co.Exist, and Co.Create. Co.Exist and Co.Create were rebranded as Ideas and Entertainment sections in 2017.[20][21] Co.Labs was discontinued in early 2015.[22]

Franchises

[edit]

Fast Company runs several franchises, including "Most Innovative Companies", "World Changing Ideas", "Innovation By Design", and "Most Creative People". For its Most Innovative Companies feature, Fast Company evaluates thousands of businesses to compile a list of 50 companies deemed the most innovative.[23] The Most Creative People in Business is a list of 100 individuals across various industries.[24]

References

[edit]
  1. ^ "eCirc for Consumer Magazines". Alliance for Audited Media. June 30, 2012. Archived from the original on January 23, 2017. Retrieved December 2, 2012.
  2. ^ Vanderbilt, Tom (March 5, 2000). "The capitalist cell". The New York Times.
  3. ^ Alex French. "The Very First Issues of 19 Famous Magazines". Mental Floss. Retrieved August 10, 2015.
  4. ^ "A Brief History of Our Time". Fast Company. March 1, 2006. Archived from the original on April 4, 2012. Retrieved October 27, 2012.
  5. ^ "About Us". Fast Company. Retrieved February 27, 2012.
  6. ^ Bercovici, Jeff (February 2001). "Business 2.0 is put up for sale". Media Life Magazine. Archived from the original on December 8, 2015. Retrieved November 25, 2014.
  7. ^ Alex Kuczynski (December 14, 1998). "Cultivating A Cult Audience; Fast Company Magazine Takes 'Community of Readers' Idea To New Extremes". The New York Times. Retrieved June 5, 2009.
  8. ^ a b Carr, David (August 11, 2003). "Fast Company's New Life in the Slow Lane". The New York Times. Retrieved November 25, 2014.
  9. ^ Johnston, David Cay (May 2005). "Bertelsmann to Exit U.S. Magazine Market". The New York Times. Retrieved July 7, 2017.
  10. ^ Friedman, Jon. "Fast Company finally gets some 'help'". MarketWatch.
  11. ^ Seelye, Katherine Q. (June 21, 2005). "Gruner + Jahr sells 2 U.S. magazines". The New York Times.
  12. ^ Fox, Rebecca (January 2007). "Breaking: Bob Safian Named Editor/Managing Director of Fast Company". Adweek. Retrieved July 7, 2017.
  13. ^ "National Magazine Awards 2014 Winners Announced". American Society of Magazine Editors. New York. May 1, 2014. Archived from the original on July 19, 2015. Retrieved August 4, 2015.
  14. ^ Dool, Greg (February 2018). "Breaking: Fast Company Names Stephanie Mehta Editor-in-Chief". Folio. Retrieved April 11, 2018.
  15. ^ "Media company hacked, racist push notifications sent to Apple iPhones". The Washington Post. ISSN 0190-8286. Retrieved October 5, 2022.
  16. ^ "Fast Company shuts website after hack sends 'obscene' Apple News notifications". Reuters. September 2022. Retrieved September 30, 2022.
  17. ^ "Fast Company returns after attack that saw obscene Apple News alerts pushed to readers". Engadget. October 6, 2022. Retrieved October 21, 2022.
  18. ^ "THE SOCIETY OF PUBLICATION DESIGNERS ANNOUNCES THE 59th ANNUAL AWARDS WINNERS" (PDF). THE SOCIETY OF PUBLICATION DESIGNERS. Archived from the original (PDF) on June 14, 2024.
  19. ^ "ICANN WhoIs fastcompany.com". Retrieved July 7, 2017.
  20. ^ Clendaniel, Morgan (June 2, 1995). "Some News From Your Friends At Co.Exist". ICANN WhoIs. Retrieved July 7, 2017.
  21. ^ Alt, Eric (March 22, 2017). "A Message To Our Readers". fastcompany.com. New York. Retrieved July 7, 2017.
  22. ^ Robischon, Noah (March 24, 2015). "What's Next For Co.Labs?". Fast Company. Retrieved January 11, 2016.
  23. ^ "Most Innovative Companies: Top 10 by Industry". Fast Company website. February 18, 2010. Archived from the original on June 4, 2012. Retrieved April 10, 2012.
  24. ^ "The Most Creative People in Business 2012". Fast Company. 2012.
[edit]
Retrieved from "https://wiki.riteme.site/w/index.php?title=Fast_Company&oldid=1276355695"