News Corp Completes Acquisition of Investor's Business Daily
05/05/2021
New York, NY (May 5, 2021) - News Corp announced today that it has successfully completed its acquisition of Investor's Business Daily (IBD) from O'Neil Capital Management.
As previously announced, the high margin, profitable and rapidly growing financial news and research business will be operated by Dow Jones, a News Corp subsidiary.
We welcome IBD and its talented employees to News Corp and Dow Jones, and look forward to the many and varied ways in which this thriving digital business will expand our expertise and provide extra value to readers, clients and investors, said Robert Thomson, Chief Executive of News Corp. I have long admired the investment nous and digital savvy of IBD, and its timely arrival will enable us to cross-sell and upsell products across our flourishing portfolio.
Almar Latour, CEO, Dow Jones, said: Today is an exciting day for News Corp, Dow Jones, IBD and most importantly, our collective readers and customers. Working together, we will share skills and strengths, as well as legacies of trusted journalism to create industry leading connections with the professional and retail investor communities. The completion of this acquisition marks another step in furthering our ambition to become the most impactful business and finance media and information company.
Jerry Ferrara, President of Investor's Business Daily, said: Today marks the official start of an exciting new chapter for our business as we join the News Corp and Dow Jones family. This shift only further bolsters our fundamental commitment to serve investors with the innovative digital products, trusted resources and authoritative information they need to navigate the markets, and we are eager to discover fresh opportunities to enhance and expand the impact of our initiatives.
IBD, which has approximately 130 employees, will continue to be based at its headquarters in Los Angeles, and will operate as a stand-alone brand as part of Dow Jones. In the quarter ended December 31, 2020, Dow Jones achieved its highest quarterly Segment EBITDA since 2007, with traffic across the Dow Jones digital network also surging 48 percent. Dow Jones is home to The Wall Street Journal, MarketWatch, Barron's and Mansion Global, among other publications, products and news sites.
IBD has experienced double-digit revenue growth over the past several years, with digital representing more than 90% of IBD's revenues and subscriptions. A majority of IBD's annual revenues and profits come from the company's unique investor tools, research and analysis products, which have experienced sharp increases in popularity and profitability as more and more investors seek out quality information through digital products to guide their financial decisions. IBD's revenue base is almost entirely digital, with nearly 100,000 digital subscribers across its platforms. IBD operates the investors.com website, which reached an audience of 10.8 million average monthly unique visitors in February, 2021, according to Adobe Analytics.
###
About News Corp
News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://www.newscorp.com.
Contacts
News Corp Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com
News Corp Corporate Communications
Jim Kennedy
212-416-4064
jkennedy@newscorp.com
Forward-Looking Statements
This release contains forward-looking statements based on current expectations or beliefs, as well as assumptions about future events, and these statements are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The words expect, estimate, anticipate, predict, believe, potential and similar expressions and variations thereof are intended to identify forward-looking statements. These statements appear in a number of places in this release and include statements with respect to, among other things, the potential benefits from, the acquisition of IBD. Readers are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Many factors could cause actual results to differ materially from those described in these forward-looking statements. The forward-looking statements in this release speak only as of this date and News Corp and Dow Jones undertake no obligation (and expressly disclaim any obligation) to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
LINK: | https://newscorp.com/2021/05/05/news-corp-completes-acquisition-of-inv... |
See more stories from newscorp |
Most recent headlines
03/06/2024
Dalet and Veritone Reach Agreement to Distribute, Transact and Monetize Media Archives
Dalet, a leading technology and service provider for media-rich organizations, a...
28/03/2024
Sinclair Selects Embrace as Its Media Orchestration Engine
PARIS Embrace, a developer of advanced automation and orchestration software solutions, has announced that Sinclair Broadcast Group has selected Embrace's P...
28/03/2024
Nielsen and Circle City Broadcasting Renew Local TV Measurement Deal
NEW YORK Nielsen has a multi-year renewal with Circle City Broadcasting, Indianas only locally owned and operated broadcast and digital news media network, for ...
28/03/2024
JVC to Demo Its First Ever 40x Zoom PTZ Camera Series at 2024 NAB Show
LAS VEGAS JVC Professional Video has announced that it will debut its new KY-PZ540 Series PTZ Cameras with 40x zoom at 2024 NAB Show (Booth C4720)....
28/03/2024
Brightcove Launches Cloud Playout 2.0
BOSTON Brightcove has announced the launch of Cloud Playout 2.0, a platform that the company said will offer customers new ways to create linear channels, monet...
28/03/2024
NBC Sports Chicago to Air First-Ever Animated Real-Time Local Sports Telecast
The Chicago Blackhawks and NBC Sports Chicago have announced a collaboration with the NHL to bring fans the first-ever local animated real-time sports telecast....
28/03/2024
The Best News Coverage is Real, Live, Balanced, Professional
The Best News Coverage is Real, Live, Balanced, Professional Andy Marken March 28, 2024 0 Comments Hero image source News of the World, Perfect Wo...
28/03/2024
Smoke and Mirrors: Wednesday's episode, 27 March 2024 [VIDEO]
Smoke and Mirrors: Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South Af...
28/03/2024
Muvhango: Wednesday's episode, 27 March 2024 [VIDEO]
Muvhango: Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South African web...
28/03/2024
Gqeberha: The Empire - Wednesday's episode, 27 March 2024 [VIDEO]
Gqeberha: The Empire - Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The Sout...
28/03/2024
Skeem Saam: Wednesday's episode, 27 March 2024 [VIDEO]
Skeem Saam: Wednesday's episode, 27 March 2024 [VIDEO]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African ...
28/03/2024
House of Zwide: Wednesday's episode, 27 March 2024 [VIDEO]
House of Zwide: Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episode of South African soapie House of Zwide on The South Africa...
28/03/2024
My Brother's Keeper: Wednesday's episode, 27 March 2024 [VIDEO]
My Brother's Keeper: Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The So...
28/03/2024
Uzalo: Wednesday's episode, 27 March 2024 [video]
Uzalo: Wednesday's episode, 27 March 2024 [video]Stay up to date with the latest episodes of your favourite South African soapie on The South African websit...
28/03/2024
Scandal!: Wednesday's episode, 27 March 2024 [VIDEO]
Scandal!: Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South African web...
28/03/2024
Umkhokha: The Curse - Wednesday's episode, 27 March 2024 [VIDEO]
Umkhokha: The Curse - Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South...
27/03/2024
UKTV sets up second series of Dream Car Fixers for Yesterday and UKTV Play
Wednesday 27 March 2024 - UKTV has commissioned a second series of Dream Car Fixers (6x60) for leading factual channel Yesterday and free streaming service UKTV...
27/03/2024
Inside the Archives: It's Lights, Curtains, Action When Sundance Films Become Stage Productions
By Jen Scott It's time to unwrap those noisy candies and put your phone on ...
27/03/2024
Paving the Way' for Spotify's NextGen Scholarship Recipients
Spotify is committed to amplifying the voices of underrepresented groups, and that starts with empowering the creators who will shape our industry's future....
27/03/2024
Sencore and Showfer Announce Collaboration at NAB 2024, With a Brand-New Content Management and Distribution Solution
Las Vegas, NV, April 14-17, Booth W2401 Sencore, a leading provider of profess...
27/03/2024
Living Black, the longest-running Indigenous current affairs television program in Australia, returns for its 21st year with new guests
Living Black, the longest-running Indigenous current affairs television program ...
27/03/2024
I Am L3Harris - Sam Bonelli
I'm proud to be a woman in aerospace making an impact on our world and among my peers, team and future generations of women in STEM....
27/03/2024
Bitmovin to Show Live Encoder Running on Akamai Cloud at NAB Show
DENVER Bitmovin has launched its Live Encoder running on the Akamai Cloud Computing, optimizing live streaming and reducing total streaming costs by up to 90%, ...
27/03/2024
Hulu Launches on Disney+
BURBANK, Calif. The Walt Disney Company has officially launched Hulu on Disney+ in the U.S. in a move that brings together the extensive Disney+ and Hulu librar...
27/03/2024
WJLA Studio A Revamp Features Brightline Lighting
WASHINGTON D.C. WJLA, Sinclair Broadcast Group's flagship TV station in the nation's capital, has revamped its Studio A news studio with lighting soluti...
27/03/2024
NCAA: March Madness Sees Strong Audience Growth
The NCAA has released figures showing that the NCAA Division I Men's Basketball Championship and the Division 1 Women's Basketball Championship both saw...
27/03/2024
Mediahaus GmbH Brings SRT Live Streaming to the Mountain Attack with 5G and URSA Broadcast G2
Mediahaus GmbH Brings SRT Live Streaming to the Mountain Attack with 5G and URSA...
27/03/2024
Instant Latte: NVIDIA Gen AI Research Brews 3D Shapes in Under a Second
Instant Latte: NVIDIA Gen AI Research Brews 3D Shapes in Under a Second Isha Salian March 27, 2024 0 Comments The LATTE3D model rapidly transforms tex...
27/03/2024
NAB Show Exhibitor Insight Matrox Video
TV TECH: What do you anticipate will be the most significant technology trends at the 2024 NAB Show? TVT: What will be your most important product news? TVT: Ho...
27/03/2024
I knew there were cameras, lighting, some buttons and microphones involved': How Crew Room Academy is inspiring the next generation
TVBEurope hears from some of the students who took part in Crew Room Academys Sc...
27/03/2024
Adobe reveals Gen AI solutions for content supply chain
Elsewhere, Adobe revealed a new feature in Adobe Firefly, which uses the companys generative AI to easily apply the structure of an existing image to newly gene...
27/03/2024
Best of Show Awards for 2024 NAB Show entries close soon
The awards, from industry-leading brands of Future plc, provide a great opportunity for companies to stand out at one the most attended shows in the industry B...
27/03/2024
Meet the director of IT and operations
By TVBEurope Staff Published: March 27, 2024 CueScript's director of IT and operations, Meghan Tyler, tells TVBEurope about how she started her media c...
27/03/2024
CueScript Poised to Transform the Prompting Experience wi...
CueScript, the leading developer of professional teleprompting solutions, is poised to transform the prompting experience with a line-up comprised of world firs...
27/03/2024
BeckTV to Focus on Systems Integration for Sports Venues...
Visit Beck TV at 2024 NAB Show at Booth C4035 BeckTV, a premier systems integrator for the broadcast media industry, will showcase its facility design, enginee...
27/03/2024
Arkona to Introduce BLADE master Control and Orchestratio...
arkona technologies GmbH, provider of IP core infrastructure solutions for top-tier broadcast productions, is cutting through the complexity of live production ...
27/03/2024
KRK Launches ROKIT Generation Five Studio Monitors
As the unwavering cornerstone of professional audio monitoring for over three decades, KRK earned its reputation through a rich history of innovation and precis...
27/03/2024
Join Maxon for NAB 2024
Maxon, developers of professional software solutions for editors, filmmakers, motion designers, visual effects artists, and creators of all types, is excited to...
27/03/2024
OpenDrives Reinvents Media Industry Infrastructure Invest...
OpenDrives, Inc., the global provider of software-defined media workflow solutions and data management capabilities, will unveil its new Atlas platform and busi...
27/03/2024
Pixotope NAB 2024 Virtual Production Showcase Shapes the...
Pixotope, the leading software platform for end-to-end real-time virtual production solutions, is ushering in a new era of immersive storytelling at NAB 2024. A...
27/03/2024
Dolby Atmos-enabled CMP Studio Tackles Immersive Mixing W...
Like many in the industry, Multi-platinum, Award-winning Producer, Engineer, Mixer, Songwriter and Musician Clint Murphy's latest work has been consumed by ...
27/03/2024
Ateliere Creative Technologies Unveils the Future of Medi...
Ateliere Locations: AWS Partner Village W1343 F, W1343 S and Fontainebleau Hotel Contact: Arianna Ruvalcaba, Arianna.Ruvalcaba@ateliere.com Century City, Cal...
27/03/2024
Imagine Enables Unified Control of Hybrid On-prem and Clo...
At the 2024 NAB Show (April 14-17, Las Vegas Convention Center, booth W2467), Imagine Communications is making it easier for media companies to efficiently oper...
27/03/2024
LG Studio Series DVLED Displays Make Virtual Production A...
LG Business Solutions USA, a leading innovator of cutting-edge display technologies, has introduced LG Studio Series DVLED, a new family of advanced giant-scree...
27/03/2024
ZTransform Appoints Bob Hawkanson as SVP of Sales for Nor...
Systems and solutions provider continues team expansion and accelerates nation-wide growth strategy ZTransform, a leading technology systems and solutions pro...
27/03/2024
Appear Showcases Groundbreaking Live Production Technolog...
Appear, the global leader in live production technology, will demonstrate its innovative solutions for contribution, remote production and distribution at NAB S...
27/03/2024
Grass Valley expands PHABRIX T and M inventory with QxP p...
Test & measurement innovator, PHABRIX, has announced that Grass Valley has expanded its already-extensive inventory of PHABRIX test & measurement (T&M) equipmen...
27/03/2024
Arrow Media Targets High-Efficiency Story-Telling with Li...
Arrow Media, an award-winning producer of documentary, factual and non-scripted content, creates high quality programming covering a wide range of subjects. Est...
27/03/2024
Planetcast Expands OTT Solutions with Acquisition of Switch Media
SYDNEY & DELHI Planetcast Media Services, a leading media technology services provider in India and Southeast Asia, has acquired one of its key partners, Switch...
27/03/2024
Sony Pictures Expands its FAST Business
Sony Pictures Entertainment (SPE) has announced plans to launch its portfolio of free, ad-supported streaming television (FAST) channels on LG Channels, Samsung...