Founded 1943Chicago, Illinois

Encyclopaedia Britannica, Inc.

Encyclopaedia Britannica, Inc., has published one of the world's finest encyclopedias for more than two centuries. The Britannica is respected throughout the world for its combination of breadth and thoroughness in its treatment of everything from the Punic Wars to quantum…
Active today · corporate.britannica.com
Founded
1943
Employees
390
Sales
$168M
Exchange
Industry
Encyclopaedia Britannica's mission is to be the world's best-known, most reliable source of reference content, and by leveraging digital sister company Britannica.com Inc., to deliver it to the public through all possible means of communication.Company Perspectives
§ 01

The story

1996

Encyclopaedia Britannica, Inc., has published one of the world's finest encyclopedias for more than two centuries. The Britannica is respected throughout the world for its combination of breadth and thoroughness in its treatment of everything from the Punic Wars to quantum mechanics, and many of its articles, written by outstanding scholars in their respective fields, are masterpieces of compact erudition unlike anything else in the field of learning. Encyclopaedia Britannica, Inc., markets the Britannica in more than 100 countries around the world and is also the parent company of Merriam-Webster, Inc., publishers of the famed dictionaries. The popularity of personal computers and the Internet have had a profound impact on the company, which now relies largely on sales of CD-ROM versions of the Encyclopaedia and the subscriptions of online educational users to stay afloat. Since its purchase in 1996 by financier Jacob Safra, the company has dropped its home sales program and has put the encyclopedia online for free via the advertising-supported Britannica.com, a sister company.

18th Century Origins in Scotland

The Encyclopaedia Britannica was first published between 1768 and 1771 'by a society of gentlemen in Scotland, printed in Edinburgh for A. Bell and C. Macfarquhar, and sold by Colin Macfarquhar at his printing office in Nicolson-street,' as the First Edition's title page informed its readers. The idea of uniting in a single publication all aspects of human knowledge went back at least to Roman times, but it was in the 18th-century, the Age of Enlightenment, that encyclopedias in the modern form began to appear in Europe. The French Encyclopedie, first published in 1751, became the symbol of French radical humanism and generated international controversy for its allegedly blasphemous philosophy, but there is no evidence that the creators of the Encyclopaedia Britannica were directly inspired by the fame of the Encyclopedie (which in fact was begun as a translation of an earlier work by the Englishman Ephraim Chambers).

18th Century Origins in Scotland The Encyclopaedia Britannica was first published between 1768 and 1771 'by a society of gentlemen in Scotland, printed in Edinburgh for A.

1809–1827

Andrew Bell, a prosperous engraver of Edinburgh, and printer Colin Macfarquhar were convinced that the English-speaking world could use a reference work featuring substantial treatises on the arts, sciences, and trades combined alphabetically with shorter entries defining important terms and concepts. The two men engaged William Smellie, a 28-year-old scholar at the University of Edinburgh, as general editor of the First Edition of their proposed Encyclopaedia Britannica, which was published and sold in 100 parts between 1768 and 1771. The Encyclopaedia contained 2,659 pages, including articles borrowed from such luminaries as Benjamin Franklin (on electricity) and John Locke (on human understanding). The editors themselves wrote many of the shorter articles, while the longest pieces ('Surgery' and 'Anatomy') were treatises of well over 100 pages each. The new encyclopedia sold well, and its editors began immediate preparations for a second, much larger edition.

James Tytler succeeded Smellie as editor of the Second Edition, which was published between 1777 and 1784 in ten volumes totaling 8,595 pages and 340 copperplates engraved by Bell. The Second Edition was among the first encyclopedias to include articles on history and biography, two subjects which have since become standard. It was followed by a Third Edition of 18 volumes completed in 1797, edited by Macfarquhar and George Glieg, later a bishop and Primus of the Scottish Episcopal Church. (Macfarquhar died in 1793 at the age of 48, 'worn out,' as later publisher Archibald Constable put it, 'by fatigue and anxiety of mind.') By this time the Britannica was well known and widely sought after; the Third Edition sold between 10,000 and 13,000 copies and is said to have returned the substantial profit of £42,000 to Andrew Bell, its sole proprietor after the death of Macfarquhar.

Bell remained the owner and manager of the Britannica until his own death in 1809, after which his heirs sold the company's stock and copyrights for £13,500 to Archibald Constable, an Edinburgh publisher. Constable was an able promoter and manager, and under his direction the Britannica made important advances in the quality of its writing and increased sales both in Great Britain and the United States. Constable's Fifth Edition of 1817 was criticized as little more than a reprint of Bell's Fourth, but soon afterward a six-volume Supplement appeared which cemented the reputation of the Britannica as the premier encyclopedia of the English-speaking world. Constable was the first Britannica publisher to solicit new articles from the leading scholars and artists of his day, and among the contributors to the Supplement and the Sixth Edition, both completed in 1824, were such distinguished men of letters as William Hazlitt, Walter Scott, David Ricardo, and Thomas Malthus. Constable died in 1827, before he could make a start on the planned Seventh Edition.


The 1800s: The A & C Black Era

§ 02

The story in context

What the company didThe economyTechnologyNational history
CompanyEncyclopaedia Britannica is begun in Edinburgh, Scotland, and is printed over next three years.
CompanyEncyclopaedia Britannica is begun in Edinburgh, Scotland, and is printed over next three years.
1768
CompanyOriginal publisher Andrew Bell dies; his heirs sell company to Archibald Constable.
CompanyOriginal publisher Andrew Bell dies; his heirs sell company to Archibald Constable.
1809
CompanyConstable dies; publishing is taken over by A & C Black, Ltd.
CompanyConstable dies; publishing is taken over by A & C Black, Ltd.
1827
CompanyNinth edition of Britannica is completed and acclaimed as most scholarly to date.
CompanyNinth edition of Britannica is completed and acclaimed as most scholarly to date.
1889
CompanyBritannica is sold to American publishers Hooper and Jackson.
CompanyBritannica is sold to American publishers Hooper and Jackson.
1901
1903
TechnologyThe Wright brothers achieve powered flight.
1913
EconomyThe Federal Reserve is created.
1914
EconomyWorld War I begins; global trade reorders.
CompanySears, Roebuck & Co. buys the Encyclopaedia Britannica Company.
CompanySears, Roebuck & Co. buys the Encyclopaedia Britannica Company.
1920
1929
EconomyThe stock market crashes; the Great Depression spreads worldwide.
1933
EconomyNew Deal reforms reshape US banking and industry.
CompanyAnnually updated Britannica Book of the Year is introduced.
CompanyAnnually updated Britannica Book of the Year is introduced.
1938
1939
EconomyWorld War II begins; wartime production surges.
CompanySears sells company to William Benton.
CompanySears sells company to William Benton.
1943
1945
EconomyThe war ends; a long global expansion begins.
1947
TechnologyThe transistor is invented.
Company54-volume Great Books of the Western World series published.
Company54-volume Great Books of the Western World series published.
1952
1956
EconomyThe Interstate Highway program remakes US commerce.
CompanySpanish-language Enciclopedia Borsa, first foreign edition, is introduced.
CompanySpanish-language Enciclopedia Borsa, first foreign edition, is introduced.
1957
1958
TechnologyThe integrated circuit is demonstrated.
1962
EnvironmentSilent Spring launches the modern environmental movement.
CompanyCompany name is changed to Encyclopaedia Britannica Educational Corporation.
CompanyCompany name is changed to Encyclopaedia Britannica Educational Corporation.
1966
1970
EnvironmentThe EPA is founded; US environmental regulation expands.
1971
EconomyThe dollar leaves the gold standard; currencies float.
CompanyWilliam Benton dies.
CompanyWilliam Benton dies.
1973
EconomyThe OPEC oil embargo triggers a global shock.
CompanyThe New 15th Edition is published, the most thorough revision in Britannica history.
CompanyThe New 15th Edition is published, the most thorough revision in Britannica history.
1974
1975
TechnologyThe personal-computer era begins.
1979
EconomyA second oil crisis drives inflation higher worldwide.
CompanyOwnership passes to William Benton Foundation, with profits to support University of Chicago.
CompanyOwnership passes to William Benton Foundation, with profits to support University of Chicago.
1980
EnvironmentSuperfund makes US polluters pay for cleanup.
1981
TechnologyThe IBM PC launches and sets a standard.
1984
TechnologyApple ships the Macintosh; the GUI era begins.
1987
EconomyBlack Monday: markets fall sharply around the world.
1989
HistoryThe Berlin Wall falls; global markets open up.
1991
TechnologyThe World Wide Web is released to the public.
TechnologyLinux and open source challenge proprietary software.
CompanyEncyclopaedia Britannica is made available on the Internet for subscribers.
CompanyEncyclopaedia Britannica is made available on the Internet for subscribers.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1994
TechnologyE-commerce begins to disrupt retail.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
CompanyJacob Safra buys Britannica from Benton Foundation, and he restructures the company.
CompanyJacob Safra buys Britannica from Benton Foundation, and he restructures the company.
1996
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
1998
TechnologyUS v. Microsoft antitrust trial reshapes software.
CompanyBritannica.Com is formed as a sister company to offer free online access.
CompanyBritannica.Com is formed as a sister company to offer free online access.
1999
EconomyGlass-Steagall repeal reshapes US banking.
Still active in 2026
§ 03

Related companies

Lineage: Encyclopaedia Britannica, Inc. · founded 1943
Adapted from the International Directory of Company Histories.
Build It Today

Starting a book publishers company now

Each week we rebuild one of these stories for today's tools and capital.