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IBT Media
IBT Media is an American global digital news organization with over 90 million monthly readers, owned by followers of religious leader David Jang. It publishes the International Business Times and Medical Daily, among others.
IBT Media is a privately held company co-founded in 2006 by Etienne Uzac and Johnathan Davis. It is headquartered in New York City, in the Hanover Square neighborhood of Lower Manhattan.
The company achieved profitability by 2010, with much of its revenue coming from advertising. In 2011, the company relocated to Newsweek's former offices in Lower Manhattan. The following year, the International Business Times was reincorporated as IBT Media, becoming the parent company to IBTimes, and it also launched Bizu, a video web portal and platform.
In 2013, IBT Media broadened its portfolio with the launch of Medical Daily, HollywoodTake, and Latin Times. That same year, the company acquired Newsweek from IAC. In 2014, IBT Media reported revenue of about US$21 million and a profit of approximately US$500,000. Newsweek also returned to print in 2014 and soon after became profitable.
The company also undertook digital redesigns and optimization of both Newsweek and International Business Times websites in 2015, improving mobile responsiveness and user experience. In November 2016, IBT Media launched Newsweek International, consolidating its European and Asian editions under a unified brand based in London.
By 2017, the company had rebranded as Newsweek Media Group. In 2018, IBT Media spun off Newsweek into a separate company, making it a fully independent entity, while the remainder of the business continued as IBT Media.
IBT Media had run on a proprietary content management system that it has built over several years, though based on examination of the HTML source, it currently[when?] runs Drupal. The company started to tie-in real-time analytics into the newsroom as early as 2010, and based on those results, optimize follow-up content, positioning, and editorial calendars to serve readers. Social feedback is also built into the newsroom.
The company has also created platforms for content. Bizu, a video platform for business professionals hosts content and also offers incremental revenue streams to content providers. The platform partners with IDG Communications and France 24 for content, and Digitas and PJA Advertising and others for monetization.
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IBT Media
IBT Media is an American global digital news organization with over 90 million monthly readers, owned by followers of religious leader David Jang. It publishes the International Business Times and Medical Daily, among others.
IBT Media is a privately held company co-founded in 2006 by Etienne Uzac and Johnathan Davis. It is headquartered in New York City, in the Hanover Square neighborhood of Lower Manhattan.
The company achieved profitability by 2010, with much of its revenue coming from advertising. In 2011, the company relocated to Newsweek's former offices in Lower Manhattan. The following year, the International Business Times was reincorporated as IBT Media, becoming the parent company to IBTimes, and it also launched Bizu, a video web portal and platform.
In 2013, IBT Media broadened its portfolio with the launch of Medical Daily, HollywoodTake, and Latin Times. That same year, the company acquired Newsweek from IAC. In 2014, IBT Media reported revenue of about US$21 million and a profit of approximately US$500,000. Newsweek also returned to print in 2014 and soon after became profitable.
The company also undertook digital redesigns and optimization of both Newsweek and International Business Times websites in 2015, improving mobile responsiveness and user experience. In November 2016, IBT Media launched Newsweek International, consolidating its European and Asian editions under a unified brand based in London.
By 2017, the company had rebranded as Newsweek Media Group. In 2018, IBT Media spun off Newsweek into a separate company, making it a fully independent entity, while the remainder of the business continued as IBT Media.
IBT Media had run on a proprietary content management system that it has built over several years, though based on examination of the HTML source, it currently[when?] runs Drupal. The company started to tie-in real-time analytics into the newsroom as early as 2010, and based on those results, optimize follow-up content, positioning, and editorial calendars to serve readers. Social feedback is also built into the newsroom.
The company has also created platforms for content. Bizu, a video platform for business professionals hosts content and also offers incremental revenue streams to content providers. The platform partners with IDG Communications and France 24 for content, and Digitas and PJA Advertising and others for monetization.