Fast Company (magazine)
October 2009 cover of Fast Company
|Frequency||10 times per year|
|Publisher||Fast Company, Inc|
|First issue||November 1995|
Fast Company is a monthly American business magazine published in print and online that focuses on technology, business, and design. It publishes 10 print issues per year. Robert Safian has been the editor-in-chief since 2007, having previously worked at Fortune, Time, and Money. Fast Company is owned by Mansueto Ventures and is headquartered in New York, New York.
In 1997, Fast Company created an online social network, the "Company of Friends" which spawned a number of groups that began meeting in person. At one point the Company of Friends had over 40,000 members in 120 cities, although by 2003 that number had declined to 8,000.
In 2000, Zuckerman sold Fast Company to Gruner + Jahr, majority owned by media giant Bertelsmann, for $350 million. At the time this was the second largest amount for any US magazine in history. Webber and Taylor left the magazine, and John A. Byrne, previously with Newsweek, was brought in as the new editor. Although the magazine was not specifically about Internet commerce, readership declined sharply following the collapse of the dot-com bubble. By 2003 newsstand sales had declined by half, and advertising pages were one-third the 2000 numbers.
Fast Company currently operates a number of franchises such as "Most Innovative Companies", and "Most Creative People". For their Most Innovative Companies feature, Fast Company assesses thousands of businesses to create a list of 50 companies it considers the most creative. The Most Creative People in Business is a list of 100 people from different industries.
FastCompany.com operates as a network of sites. It comprises three sites: Co.Design, Co.Exist, and Co.Create. Co.Design covers innovation and design. Co.Exist covers environmental and social issues. Co.Create covers creativity, marketing, and culture. Fast Company also previously operated a fourth site called Co.Labs, which was shut down in early 2015.
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