Time Out Chicago
Time Out Chicago is a company.
Active
Updated: ·
Financial History
Total Raised
N/A
Valuation
N/A
Leadership Team
Key people at Time Out Chicago.
Time Out Chicago is a company.
Key people at Time Out Chicago.
Key people at Time Out Chicago.
Time Out Chicago is the Chicago edition of the global Time Out brand, a media and hospitality company providing curated guides to events, entertainment, culture, dining, and city life. Launched in 2003 as a 50-50 joint venture between Time Out Group and Morningstar founder Joe Mansueto, it serves Chicago residents and visitors with print magazines, websites, apps, and recommendations, solving the problem of discovering local experiences in a vibrant urban market.[1][5] It has built growth momentum through digital expansion, awards recognition (e.g., naming local spots like Roots Pizza as Best New Pizzeria in 2012), and integration into Time Out's network across 333 cities in 59 countries, evolving from a listings magazine to a multifaceted platform including Time Out Markets.[1][2][4]
Time Out originated in London in 1968 when Tony Elliott, a 21-year-old Keele University student, used £70 of birthday money to create a one-sheet pamphlet called *Where It's At* (later renamed *Time Out*, inspired by Dave Brubeck's album), focusing on counter-culture events, gay rights, racial equality, and anti-police harassment content with an initial print run of 5,000 copies.[1][2][3] It grew into a weekly magazine with 110,000 circulation by the 1970s and expanded to New York in 1995 (*Time Out New York*, or TONY), followed by kids' editions and global licensing to cities like Istanbul and Lisbon.[1][2]
The Chicago edition launched in 2003 via a joint venture with Joe Mansueto, aiming to replicate the model's success in the U.S. Midwest market, though founder Tony Elliott reportedly struggled to grasp Chicago's nuances, leading to some internal turmoil including comments from founding publisher Steve Timble.[5][6] Ownership shifted in 2010-2011 when Elliott sold stakes to Oakley Capital for digital expansion, culminating in Time Out Group's 2016 IPO on London's AIM exchange (ticker: TMO); Elliott passed away in 2020 from lung cancer.[1][2][3]
Time Out Chicago rides the wave of urban discovery platforms amid digital media fragmentation and experiential tourism trends, where consumers seek authentic, hyper-local recommendations over algorithmic feeds. Its 2003 launch timed with Chicago's restaurant boom (e.g., pre-smoking ban innovations by partners like The Fifty/50 Group) and U.S. expansion needs, leveraging Mansueto's local ties.[4][5] Market forces like smartphone adoption and post-pandemic demand for events/markets favor its hybrid model, influencing the ecosystem by partnering with tech (e.g., software for apps) and amplifying indie spots, fostering neighborhood growth in growing cities.[1][2]
Time Out Chicago will likely deepen digital personalization via AI-driven recommendations and expand hospitality footprints, capitalizing on Time Out Group's public status for scaling markets and events. Trends like sustainable urbanism and immersive experiences (e.g., pop-ups, AR guides) will shape it, potentially evolving influence through data insights for city planners and brands. As a bridge from Elliott's counter-culture roots to global tech-media hybrid, it remains poised to define "what's next" in Chicago's cultural scene.[1][3]
