The newspaper has nearly 100,000 digital subscribers across its platforms, and minimal overlap with Dow Jones’s existing subscriber base. A majority of IBD’s annual revenues and profits come from the company’s investor tools, research and analysis products
IBD publishes a print edition once a week, in addition to investors.com, which reached an audience of 10.8 million average monthly unique visitors in February 2021, according to Adobe Analytics.
“IBD will greatly enhance our e-expertise in finance, with compelling digital coverage, unique tools and high-yielding services,” said News Corp. CEO Robert Thomson in a statement. “We will be able to cross-sell and up-sell with Dow Jones financial products and provide specialist insights for a knowing business audience.”
IBD, which has approximately 130 employees, launched as Investor’s Daily in 1984 when William J. O’Neil had been studying the best stocks of all time for 20 years, discovering seven common traits these stocks displayed just before they made their biggest gains.
The paper ended its five-days-per week publishing schedule in 2016 for the weekly print edition. It also acquired Marketsmith, a digital investing platform, and has increased subscribers — who pay $1,500 a year — by 15 percent to that service.
After the deal closes, IBD will continue to be based at its Los Angeles headquarters and will operate as a stand-alone brand as part of Dow Jones.
The deal is expected to close by June 30.
The Indianapolis Business Journal is looking for our next news editor, a role that focuses…
Axios has chosen Ben Berkowitz to be its next managing editor of business and markets.…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm thrilled…
Rest of World editor in chief Anup Kaphle sent out the following on Monday: We are excited…
The Financial Times has hired Veena Venugopal as its India newsletter editor. She has been working at…
Benjamin Parkin has been named Middle East and Africa news editor at the Financial Times, based…
View Comments