Maxwell Communication Corporation plc was a leading British

media Media may refer to: Communication * Media (communication), tools used to deliver information or data ** Advertising media, various media, content, buying and placement for advertising ** Broadcast media, communications delivered over mass e ...

business. It was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and was a constituent of the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest marke ...

. It collapsed in 1991 following the death of its titular owner.

History

The company was established in 1964 when '' Hazell Sun'' merged with Purnell & Sons to form the British Printing Corporation. In 1967, the British Printing Corporation merged its magazines into

Haymarket Group Haymarket Media Group is a privately held media company headquartered in London. It has publications in the consumer, business and customer sectors, both print and online. It operates exhibitions allied to its own publications, and previously on ...

. During the 1970s the ''British Printing Corporation'' was involved in many disputes with

trade union A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits ...

s.Peter Robinson, Chairman and CEO, Obituary
''The Times'', 15 November 2007. In 1978 such a dispute led to ''

The Times ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper '' The Sunday Times'' ( ...

'' and ''

Sunday Times ''The Sunday Times'' is a British newspaper whose circulation makes it the largest in Britain's quality press market category. It was founded in 1821 as ''The New Observer''. It is published by Times Newspapers Ltd, a subsidiary of News UK, w ...

'' not being published for ten months. In July 1981,

Robert Maxwell Ian Robert Maxwell (born Ján Ludvík Hyman Binyamin Hoch; 10 June 1923 – 5 November 1991) was a Czechoslovak-born British media proprietor, Parliament of the United Kingdom, member of parliament (MP), suspected spy, and fraudster. Early i ...

launched a dawn raid on the company, acquiring a stake of 29%; the following year he secured full control of it. He changed the name of the company to British Printing & Communications Corporation in March 1982 and to Maxwell Communication Corporation in October 1987. The company acquired

Macmillan Publishers Macmillan Publishers (occasionally known as the Macmillan Group; formally Macmillan Publishers Ltd and Macmillan Publishing Group, LLC) is a British publishing company traditionally considered to be one of the 'Big Five' English language publi ...

, a large US publisher, in 1988. It went on to buy Science Research Associates and the

Official Airline Guide OAG is a global travel data provider with headquarters in the UK. The company was founded in 1929 and operates in the USA, Singapore, Japan, Lithuania and China. It has a large network of flight information data including schedules, flight st ...

later that year. The company went into

administration Administration may refer to: Management of organizations * Management, the act of directing people towards accomplishing a goal ** Administrative Assistant, traditionally known as a Secretary, or also known as an administrative officer, admini ...

in 1991 following the death of Robert Maxwell. Its properties were sold to various media companies.

McGraw Hill McGraw Hill is an American educational publishing company and one of the "big three" educational publishers that publishes educational content, software, and services for pre-K through postgraduate education. The company also publishes referen ...

acquired that part of Science Research Associates it did not already own outright, OAG was acquired by

Reed Elsevier RELX plc (pronounced "Rel-ex") is a British multinational information and analytics company headquartered in London, England. Its businesses provide scientific, technical and medical information and analytics; legal information and analytics; ...

, while Macmillan was folded into

Simon & Schuster Simon & Schuster () is an American publishing company and a subsidiary of Paramount Global. It was founded in New York City on January 2, 1924 by Richard L. Simon and M. Lincoln Schuster. As of 2016, Simon & Schuster was the third largest publi ...

. In 1999, British courts determined that

Coopers & Lybrand PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounti ...

made gross errors during their audits of the Maxwell group of companies and fined Coopers & Lybrand a record £3.3 million.

References

Publishing companies established in 1964 Mass media companies disestablished in 1991 Companies formerly listed on the London Stock Exchange Defunct companies based in London Defunct mass media companies of the United Kingdom Companies that have entered administration in the United Kingdom British companies established in 1964 1991 disestablishments in England British companies disestablished in 1991 Robert Maxwell {{UK-media-company-stub