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 monthly unique visitors in February, according to Adobe Analytics. The company also has teamed with TechnoMetrica Market Intelligence on Ibd/Tipp political polls.
Based in LA, Ibd was created with the...
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 monthly unique visitors in February, according to Adobe Analytics. The company also has teamed with TechnoMetrica Market Intelligence on Ibd/Tipp political polls.
Based in LA, Ibd was created with the...
- 3/25/2021
- by Dade Hayes
- Deadline Film + TV
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