News Corp has officially completed its acquisition of Investor’s Business Daily. The media company bought the IBD from O’Neil Capital Management. IBD will be operated by the company’s Dow Jones 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. 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.”
Robert Thomson, Chief Executive of News Corp
“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.”
Jerry Ferrara, President of Investor’s Business Daily
Investor’s Business Daily has seen double digit revenue growth in recent years. Digital makes up 90% of IBD’s revenues and subscriptions. This aligns nicely with News Corp’s goals of growing digital subscriptions and revenue.
Investor’s Business Daily Fact Box
- Headquarters: Los Angeles
- 130 Employees
- 100,000 digital subscribers
- Investors.com reached an audience of 10.8 million average monthly unique visitors in February 2021 (Source: Adobe Analytics)
