In a media deal with a healthy valuation, Investor’s Business Daily has been sold to Wall Street Journal parent News Corp. for $275 million.A daily newspaper from its founding in 1984, IBD shifted to weekly print frequency in 2016 but long before that had focused on offerings beyond newsprint.
About 90% of its revenue is based on digital subscriptions, with circulation of around 100,000, according to the announcement of the deal.Founder William O’Neil, a pioneer in financial circles, linked IBD with his company, O’Neil Capital Management, using it to amplify his philosophy on business and markets.
Most of the company’s revenue comes from its portfolio of research and analysis products. Its news site, investors.com, drew 10.8 million average
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.