Hearst is one of the nation's largest diversified media, information and services companies with more than 360 businesses. Photo courtesy of Hearst

Redwood Shores, Calif., USA - March 15, 2017

• Diversified media leader to benefit from depth and breadth of Oracle’s secure, scalable, and unified cloud solutions to support global growth

Oracle today announced that Hearst, one of America’s largest diversified media, information, and services companies with more than 360 businesses, has selected Oracle Cloud to provide its multitude of businesses with a common innovation platform to accelerate business growth and global expansion.

https://cloud.oracle.com/en_US/saas  

“For the sixth consecutive year Hearst achieved record profits, this time on relatively modest revenue growth to USD10.8 billion. Our 30 Hearst Television stations, aided by a strong performance in political advertising thanks to our best-in-class political coverage, and Hearst Health, our five healthcare data and software platform companies, led the way with outstanding revenue and profit growth. Higher year-over-year results were also recorded by ESPN, majority owned by our partners at The Walt Disney Company, our global financial information company, Fitch Group, Hearst Magazines division, and for the fifth consecutive year, our Newspaper company.” - Steven R. Swartz, President & Chief Executive Officer at Hearst. Photo courtesy of Hearst

With Oracle Cloud, Hearst will streamline, simplify, and standardize business processes across finance, procurement, and HR organizations and provide an intuitive, insightful, and engaging experience to its employees.

Photo courtesy of Hearst

Part of a larger strategy to transform Hearst via cloud applications includes the company’s digital transformation program, dubbed Project UniFi.

http://www.hearst.com/newsroom/what-is-project-unifi  

Photo courtesy of Hearst

It will take advantage of integrated Oracle Enterprise Resource Planning (ERP) Cloud, Oracle Enterprise Performance Management (EPM) Cloud, and Oracle Human Capital Management (HCM) Cloud solutions to deliver a modern, unified technology platform for accurate and up-to-date insight to drive timely decision making and achieve agility.

https://cloud.oracle.com/en_US/erp-cloud  

https://cloud.oracle.com/en_US/epm-cloud  

https://cloud.oracle.com/en_US/hcm-cloud  

Photo courtesy of Hearst

“Our enterprise portfolio of businesses and investments needs a strong, common foundation to efficiently integrate Hearst’s diverse properties and future acquisitions,” said Bill Kager, vice president of finance, Hearst.
“Oracle’s Cloud solutions will provide approximately 20,000 Hearst employees with human capital management, finance, and planning capabilities that will allow them to better communicate and execute their jobs.”

Rihanna channels Amelia Earhart for Bazaar's March cover. Photo courtesy of Hearst

Beginning with the U.S., Canada, and the U.K., the digital transformation program will subsequently extend globally, allowing for seamless incorporation of acquisitions and future growth.

“Hearst Magazines, under President David Carey and sales and marketing chief Michael Clinton, overcame a very tough year in print advertising and  newsstand  sales  worldwide to post a profit gain in 2016.” - Steven R. Swartz, President & Chief Executive Officer at Hearst. Photo courtesy of Hearst

Oracle ERP Cloud and Oracle EPM Cloud will allow Hearst to manage finances with a consolidated view into business operations via powerful visualizations and reporting analytics for insightful decision making and integrated planning and budgeting.

Mark Hurd is chief executive officer of Oracle Corporation and a member of the company’s board of directors. Hurd’s Cloud Vision: Oracle Builds Globally, Delivers Locally. Photo courtesy of Oracle

Oracle HCM will provide a global common model for HR processes reducing manual and duplicative efforts and ensuring tight HR process integration to drive complete and impactful reporting and analytics on Hearst’s diverse employee base.

Modern HR differentiates the business with a talent-centric and consumer-based strategy that leverages technology to provide a collaborative, insightful, engaging, and mobile HR, employee, and executive experience. Oracle HCM Cloud enables modern human resources to find and retain the best talent and increase global agility. Photo courtesy of Oracle

New employees will enjoy a superior onboarding experience, while everyone will get access to a simple, scalable, and intuitive user experience with mobile and self-service capabilities.

Oracle’s market-leading Enterprise Performance Management (EPM) applications combined with the innovation and simplicity of the cloud, enable companies of any size to drive predictable performance, report with confidence, and connect the entire organization. Photo courtesy of Oracle

“We are very pleased to have a trend setting company such as Hearst join our fast-growing community of Oracle cloud customers who are achieving transformative business outcomes with one of the industry’s most complete, secure, and connected set of enterprise-grade cloud applications,” said Steve Miranda, executive vice president of applications development.
“Our innovative, best-of-breed ERP and HCM cloud solutions are uniquely positioned to spur agility and innovation while driving business value and supporting global growth.”

Oracle HCM Cloud enables modern human resources to find and retain the best talent and increase global agility. Photo courtesy of Oracle

Oracle delivers the industry’s broadest suite of enterprise-grade cloud services, including Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Data as a Service (DaaS).

Improve Project Profitability with Project Financial Management Cloud. Modern enterprise-grade solutions for project-centric businesses let you stay informed and stay in control, with complete and integrated project financial management. Photo courtesy of Oracle

Contact Info

Joann Wardrip
Oracle
+1.650.607.1343
joann.wardrip@oracle.com  

Paul Luthringer
Hearst
+1.212.649.2540
paul@hearst.com  

Project Management Cloud provides modern project execution tools and methods that you can adopt as part of an Oracle cloud suite or deploy with existing solutions. Photo courtesy of Oracle

About Hearst

Hearst is one of the nation's largest diversified media, information and services companies with more than 360 businesses.

Its major interests include ownership in cable television networks such as A&E, HISTORY, Lifetime and ESPN; majority ownership of global ratings agency Fitch Group; Hearst Health, a group of medical information and services businesses; 30 television stations such as WCVB-TV in Boston and KCRA-TV in Sacramento, Calif., which reach a combined 19 percent of U.S. viewers; newspapers such as the Houston Chronicle, San Francisco Chronicle and Albany Times Union, nearly 300 magazines around the world including Cosmopolitan, ELLE, Harper's BAZAAR and Car and Driver; digital services businesses such as iCrossing and KUBRA; and investments in emerging digital and video companies such as BuzzFeed, Vice, Complex Networks and AwesomenessTV.

http://www.hearst.com/  

Follow us on Twitter @HearstLive. and @Hearst, and subscribe to Hearstlink.


About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services.

For more information about Oracle (NYSE:ORCL), visit www.oracle.com 


Source: Oracle

https://www.oracle.com/corporate/press/index.html  



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