News Corp to Buy Investor’s Business Daily
Posted on 03/25/2021
Investor’s Business Daily (IBD) is an American newspaper and website covering the stock market, international business, finance and economics that was created in 1984 by William O’Neil. IBD is headquartered in Los Angeles, California. William O’Neil made research from his database available in print form with the launch of Investor’s Daily, a national business newspaper aimed to compete with The Wall Street Journal. In 1991, the publication’s name was changed from Investor’s Daily to Investor’s Business Daily. In 2016, Investor’s Business Daily changed its printing schedule to weekly, but continued to publish news daily on its website. More than 90% of IBD’s revenue is digital, with nearly 100,000 digital subscribers across its platforms, according to the companies.
News Corp., the conglomerate controlled by Rupert Murdoch, agreed to buy Investor’s Business Daily for US$ 275 million. News Corp. is buying Investor’s Business Daily from O’Neil Capital Management, a private fund management company headed by William J. O’Neil.
