|Editor, London||Gail Tolley|
|Frequency||Weekly, monthly and quarterly|
|Format||Culture, entertainment and events guide|
|Company||Time Out Group Ltd.|
|Based in||London, England|
In 2012, the magazine became a free publication with a weekly readership of over 307,000.Time Outs global market presence includes partnerships with Nokia and mobile apps for iOS and Android operating systems. It was the recipient of the International Consumer Magazine of the Year award in both 2010 and 2011 and the renamed International Consumer Media Brand of the Year in 2013 and 2014.
Time Out was first published in 1968 as a London listings magazine by Tony Elliott, who used birthday money to produce a one-sheet pamphlet., with Bob Harris as co-editor. The first product was titled "Where It's At", before being inspired by Dave Brubeck's album Time Out. Time Out began as an alternative magazine alongside other members of the underground press in the UK, but by 1980 it had abandoned its original collective decision-making structure and its commitment to equal pay for all its workers, leading to a strike and the foundation of a competing magazine, City Limits, by former staffers. By now its former radicalism has all but vanished. As one example of its early editorial stance, in 1976 London's Time Out published the names of 60 purported CIA agents stationed in England. Early issues had a print run of around 5,000 and would evolve to a weekly circulation of 110,000 as it shed its radical roots.
The flavour of the magazine was almost wholly the responsibility of its designer, Pearce Marchbank. Marchbank was invited by Tony Elliott to join the embryonic Time Out in 1971. Turning it into a weekly, he produced its classic logo, [and] established its strong identity and its editorial structure--all still used worldwide to this day. He also conceived and designed the first of the Time Out guide books. ... He continued to design for Time Out for many years. Each week, his powerful, witty Time Out covers became an essential part of London life.
Elliott launched Time Out New York (TONY), his North American magazine debut, in 1995. The magazine procured young and upcoming talent to provide cultural reviews for young New Yorkers at the time. The success of TONY led to the introduction of Time Out New York Kids, a quarterly magazine aimed at families. The expansion continued with Elliott licensing the Time Out brand worldwide spreading the magazine to roughly 40 cities including Istanbul, Dubai, Beijing, Hong Kong and Lisbon.
Additional Time Out products included travel magazines, city guides, and books. In 2010, Time Out became the official publisher of travel guides and tourist books for the London 2012 Olympic and Paralympic Games.
Time Outs need to expand to digital platforms led to Elliott, sole owner of the group until November 2010, to sell half of Time Out London and 66 percent of TONY to private equity group Oakley Capital, valuing the company at £20million. The group, founded by Peter Dubens, was owned by Tony Elliott and Oakley Capital until 2016, the agreement provided capital for investment to expand the brand. Time Out has subsequently launched websites for an additional 33 cities including Delhi, Washington D.C., Boston, Manchester and Bristol. when it was listed on London's AIM stock exchange. In June 2016, Time Out Group underwent an IPO and is listed on London's AIM stock exchange trading under the ticker symbol 'TMO'.
The London edition of Time Out became a free magazine in September 2012.Time Outs London magazine was hand distributed at central London stations, and received its first official ABC Certificate for October 2012 showing distribution of over 305,000 copies per week which was the largest distribution in the history of the brand. This strategy increased revenue by 80 percent with continued upsurge.Time Out has also invited a number of guest columnists to write for the magazine. The columnist as of 2014 was Giles Coren.
In April 2015, Time Out switched its New York magazine to the free distribution model to increase the reader base and grow brand awareness. This transition doubled circulation by increasing its Web audience, estimated around 3.5 million unique visitors a month.Time Out increased its weekly magazine circulation to over 305,000 copies complementing millions of digital users of Time Out New York. Time Out New York is now available for free every other Wednesday in vending boxes and newsstands across New York City.
In addition to magazines and travel books and websites, Time Out launched Time Out Market, a food and cultural market experience based wholly on editorial creation, starting with the Time Out Market Lisboa in Lisbon, Portugal. New Time Out Markets are set to open in Miami, New York, Boston, Chicago and Montreal in 2019 and in London-Waterloo and Prague in 2021 - all featuring the cities' best and most celebrated chefs, restaurateurs, drinks and cultural experiences.