Categories: OLD Media Moves

Indianapolis Biz Journal owners sell one-third stake

The former Indiana commerce secretary has purchased a one-third stake in the Indianapolis Business Journal and Indiana Lawyer.

Anthony Schoettle of Indiana Lawyer writes, “That doesn’t mean the current owners — well-known Indianapolis entrepreneur Michael Maurer and his partner, Bob Schloss — are going anywhere in the immediate future.

“Maurer and Schloss announced on Friday that 47-year-old Nathan Feltman, a former secretary of commerce under Gov. Mitch Daniels and former president of Home Health Depot, has signed a deal to become an equal partner with the duo that bought the business publication in 1990.

“For now, each of the three will own one-third of the company, with Maurer retaining the title of managing partner of IBJ Corp., which owns IBJ, The Indiana Lawyer, Court & Commercial Record and IBJ Custom Publishing.

“Financial terms of the deal were not disclosed.

“Maurer emphasized the addition of Feltman doesn’t mean he will have a reduced role in the 50-employee company.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.