International Business Times

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International Business Times
Logo Intl Business Times.png
Ibtscreenshot09102010.png
The September 9, 2010 front page of
The IBTimes home page
Type 24/7
Format Online
Owner(s) IBT Media[1]
Editor Peter S. Goodman[2]
Founded 2006
Language English, Chinese, Japanese, Italian
Headquarters 7 Hanover Square, Fl 5
Manhattan, New York City, US
Website www.ibtimes.com

The International Business Times is an online news publication,[3] that publishes seven national editions and four languages. The publication, sometimes called IBTimes or IBT, offers news, opinion, and editorial commentary on business and commerce.

IBTimes was launched in 2005; it is owned by IBT Media,[3] and was founded by Etienne Uzac and Johnathan Davis. Its headquarters are in a former Newsweek office in the Financial District of Lower Manhattan, New York City.[4]

History[edit]

A hand-drawn blueprint, created in 2007 by Davis, outlining what would become the IBTimes FX Center.

Founder Etienne Uzac, a native of France, came up with the idea for the global business news site while a student at the London School of Economics. He found that the strongest business newspapers had a focus on the U.S and Europe and planned to provide broader geographic coverage. Uzac recruited Johnathan Davis to join him in the enterprise.[5] In late 2005, Uzac and Davis moved to New York to launch the site, with Uzac primarily focused on business strategy, while Davis coded the site and wrote the first articles.[6]

In May 2012, the company announced that Jeffery Rothfeder had been appointed as the publication's new Editor-in-Chief, while Davis, who previously served as Executive Editor, would manage the company's content strategy across all platforms as the Chief Content Officer.[7]

On August 4, 2013, IBT Media, the owner of IBTimes, announced its purchase of Newsweek and newsweek.com from IAC/InterActiveCorp. The purchase did not include The Daily Beast.[8] Peter S. Goodman, previously the executive business editor and global news editor of The Huffington Post, became the editor in 2014.[1]

Criticism[edit]

According to an article in Mother Jones magazine, in the early days of the International Business Times, IBT Media employed immigrant students of Olivet University to translate English into Chinese and other languages, working illegally and being paid less than minimum wage. The connection of "the Community," a Christian sect led by a "charismatic Korean pastor named David Jang" with IBT is disputed.[9]

References[edit]

  1. ^ a b Leslie Kauffman (4 March 2014). "Huffington Post Business and Global News Editor Is Leaving for International Business Times". The New York Times. Retrieved 12 April 2016. 
  2. ^ Peter Goodman named editor-in-chief of International Business Times
  3. ^ a b "About us". International Business Times. IBT Media. Retrieved August 6, 2013. 
  4. ^ "Braving bad juju International Business Times moves into Newsweek's old newsroom". The New York Observer. Retrieved October 9, 2011. 
  5. ^ "Company Timeline". Digiday.com. Retrieved September 17, 2012. 
  6. ^ "Company Timeline". International Business Times. Retrieved October 12, 2011. 
  7. ^ "Marketwatch". Marketwatch.com. Retrieved June 2, 2012. 
  8. ^ "Newsweek purchased by International Business Times owner". Washington Post. Retrieved August 4, 2013. [dead link]
  9. ^ Dooley, Ben (March 31, 2014). "Who's Behind Newsweek?". Mother Jones. Retrieved October 30, 2014. 

External links[edit]