Career magazine publisher David Carey is president of Hearst Magazines, the American consumer magazine group that produces fashion titles Harper’s Bazaar, Elle, and Marie Claire, among others. As a division of media group Hearst Corporation, Hearst Magazines publishes 20 titles apiece in the United States and the United Kingdom, with more than 300 international titles. Carey joined Hearst in 2010 from magazine rival Condé Nast, where he was group president.
Carey’s career-defining move was the 2011 acquisition of 102 magazines across 15 countries from French media company Lagardère SCA in a deal reportedly worth €650 million. These so-called 'Hachette' titles contributed significantly to Hearst Magazine’s results in 2012, which included international editions of magazines like Marie Claire and Harper’s Bazaar in important markets like China. According to Carey, the acquisition will allow Hearst to split earning equally between the United States and the rest of the world.
He started his career at Hearst title Esquire before launching SmartMoney in a joint venture with the Wall Street Journal, which turned a profit after just two years. He is also credited with the turnaround of Condé Nast literary magazine The New Yorker, after many years of net losses. At Hearst, Carey has placed heavy emphasis on broadening digital subscribers, which in 2012 accounted for only 3 percent of the company’s total number. He has also strengthened his magazines’ brands through television and other media, such as channel G4 to the Esquire Network. Carey has a degree from the University of California, Los Angeles.