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Maxwell Communications Corporation

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Subject: Michael Heseltine, Cadbury Report, List of media proprietors, List of Ig Nobel Prize winners, Roxbee Cox, Baron Kings Norton, List of business failures, Little, Brown and Company, Purnell and Sons, Derby County F.C., Robert Maxwell
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Maxwell Communications Corporation

Maxwell Communications Corporation plc
Industry Media
Fate Went into administration
Founded 1964
Defunct 1991
Headquarters London, UK
Key people Robert Maxwell (Chairman)

Maxwell Communications Corporation plc was a leading British media business. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index.

History

The Company was established in 1964 when Hazell Sun merged with Purnell & Sons to form the British Printing Corporation.[1] In 1967 it acquired a majority stake in Haymarket Group from Michael Heseltine.[2] During the 1970s the Company was involved in many disputes with trade unions.[3] In 1978 such a dispute led to The Times and Sunday Times not being published for 10 months.[3]

In July 1981 Robert Maxwell launched a dawn raid on the Company acquiring a stake of 29%; the following year he secured full control of it.[3] He changed the name of the Company to British Printing & Communications Corporation in March 1982 and to Maxwell Communications Corporation in October 1987.

The Company acquired Macmillan Publishers, a large US publisher, in 1988.[4] It went on to buy Science Research Associates and the Official Airline Guide later that year.[5]

The Company went into administration in 1991 following the death of Robert Maxwell.[6] Its properties were sold to various media companies.

References


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