Publisher becomes sole owner of Indianapolis Biz Journal

IBJ Media CEO and Publisher Nate Feltman became the company’s sole owner by purchasing the shares of longtime Indianapolis businessmen Mickey Maurer and Bob Schloss this month.

A story on the Indianapolis Business Journal website states, “Since Feltman became part of IBJ Media leadership in 2017, the company purchased Inside INdiana Business, doubled the number of IBJ-produced annual events and launched the Indiana 250 list of the state’s most influential business and community leaders.

“Maurer compared Feltman’s impact to a ‘Star Wars’ spacecraft making the jump to lightspeed.

“‘These new products are to Nate’s credit, not us,’ Schloss said. ‘He’s done a great job. He wanted to buy [IBJ Media] and Mickey and I both agree we’d rather keep it local than to sell to a chain. It was not offered to anyone else.’

“Terms of Feltman’s purchase were not disclosed.”

“Feltman said IBJ Media revenue has grown through increased paid subscriptions—30% since 2020—and a roster of more than 30 IBJ-produced events such as Forty Under 40 and the Engage Indiana Series.”

Read more here.