IPC Media is a large UK-based magazine publisher formed through mergers in the 1960s. It publishes over 20 magazines covering various topics like music, TV, lifestyle and hobbies. In 2014, it was acquired by Time Inc. and had annual revenues of over £6 billion. Some of its most popular magazines include NME, What's on TV and Horse & Hound. Bauer Media and Future Publishing are two other major UK magazine publishers, publishing titles like Kerrang!, Take a Break and Guitarist. Conde Nast is an international luxury magazine publisher founded in the US in 1909, known for magazines like Vogue, Wired and Vanity Fair. It has over 55 million subscribers worldwide.