Media institutions are established organizations that create and distribute advertising, entertainment, and information services. Some major media institutions include IPC Media, EMAP, BBC Magazines, and Bauer Media Group. IPC Media is the leading consumer magazine publisher in the UK, reaching over 25 million users globally each month across print, online, and mobile platforms. EMAP was once a constituent of the FTSE 100 Index but is now owned by Apax and Guardian Media Group. Bauer Media Group is a multinational media company operating in 15 countries that was founded in 1875 and remains privately owned by the Bauer family.