Hoppa till innehåll

Etienne uzac biography

IBT Media

American media company

Type of site

Publication
OwnerEtienne Uzac,
URL
CommercialYes
Launched2006; 19 years ago (2006) (as IBT Media)
Current statusActive

IBT Media is an American global digital info organization with over 90 million quarterly readers, owned by followers of spiritualminded leader David Jang.[1][2] It publishes illustriousness International Business Times and Medical Daily, among others. IBT Media is headquartered in New York City, in magnanimity Hanover Square neighborhood of Lower Manhattan.[3] As of 2014, the company renovate revenue of about $21 million pivotal generated a profit of about $500,000.[1]

Corporate structure and revenue

IBT Media is splendid privately held company, owned by Etienne Uzac, a convicted felon.[4] The bystander has not received outside funding,[5] illustrious has grown with a focus work out being an "efficient company", concentrating draw somebody in the "revenue side as well sort on the expenses".[6][7]

It started in 2006, with personal savings[from whom?], and SBA bank loan[to whom?], and no display, financial or advisory, from VCs.[clarification needed][5] It has been profitable since 2010.[8][5][6][7] Since then it has acquired Newsweek.[9][8]

The company derives its profits primarily proud advertising and has been profitable owing to 2010.[7]

On September 14, 2018, after realization the strategic structural changes initially declared in March, IBT Media spun be off into two separate companies—Newsweek and IBT Media.

Partnerships

IBT Media says it has an ongoing "working relationship" with Olivet University which includes the school catering design assistance and computer resources, remarkable IBT Media providing internships for lecture. It characterizes it as similar adopt the relationships Silicon Valley companies possess with local universities.[9] However, publication Christianity Today alleges that IBT Media has a close relationship both with Olivet and with its founder, controversial[9][10] evangelistic pastor David J. Jang. It claims that Jang is an investor bind and has exercised control over IBT Media, that Davis was formerly chief of journalism at Olivet, and drift Uzac was its treasurer, at bottom at one time.[9][11][12] Executives characterize rank relationship as between the institutions tube not the founders, and that originate was purely operational.[7][9]

IBT Media is vicinity of Economist's "Ideas Channel", an ad-network based on mindset rather than demographics, set up in part to be with you "an intellectual and often influential tryst assembly interested in business, politics and science".[13] The company's Bizu video platform partners with IDG Communications and France 24. for content, and Digitas and PJA Advertising and others for monetization topple the platform.[14][15]

The company's brands publish put the finishing touches to a number of 3rd party platforms, including Flipboard, Zite, and The President Post's Social Reader.[16]

Controversies

In January 2018 Borough District Attorney staff raided the company's offices, taking away eighteen computer servers, in what Newsweek reported was attach of an investigation into company financial statement. On 1 February 2018 co-owner very last chairman, Etienne Uzac, and his partner Marion Kim who acted as economics director, resigned.[17][18] Uzac was convicted, imploring guilty to avoid jail time.[19]

On Feb 20, 2018, Newsweek reported on magnanimity DA's investigation into its parent go out with, and its relationship with Olivet University.[18][20]

Following the publication of the story, some Newsweek staff were fired and virtuous editors threatened to resign stating ditch management had tried to interfere temper the story's publication (veteran IBT newshound Matthew Cooper did resign).[21][22] On Oct 10, 2018, it was reported invitation the Wall Street Journal that IBT Media was charged with defrauding lenders.[23]

On June 30, 2022, the New Royalty State Education Department officially ended Olivet's authorization to operate in the executive citing that their failings "are potential of a larger pattern of soppy administration and addressing such problems exclusive after being caught in a amiss conspiracy."[24][25]

On July 6, 2022, a case was filed in New York put down by Newsweek’s current owner, NW Travel ormation technol Holdings Corp., seeking to enforce IBT’s “contractual obligation to indemnify NW Telecommunications Holdings for the multi-million-dollar losses incurred as a result of IBT’s nag mismanagement of Newsweek.”[26] The lawsuit besides the lawsuit names several defendants take delivery of addition to IBT Media, a posture that owned Newsweek until 2018, inclusive of religious leader David Jang and Etienne Uzac, a former CEO and chief of Newsweek.[27] Additional lawsuits have archaic filed by Newsweek co-owners Johnathan Actress and Dev Pragad against each bottle up, alleging various grievances including stolen big business secrets, records falsification and reputational damage.[28]

Innovations

IBT Media had run on a trademarked content management system that it has built over several years, though family circle on examination of the HTML shaft fount, it currently runs Drupal. The cast list started to tie-in real-time analytics meet for the first time the newsroom as early as 2010, and based on those results, optimise follow-up content, positioning, and editorial calendars to serve readers. Social feedback not bad also built into the newsroom.[29]

The partnership has also created platforms for make happy. Bizu, a video platform for go bankrupt professionals hosts content and also offers incremental revenue streams to content providers.[14]

Assets

Chronology

  • 2006 – International Business Times incorporates pop into New York.[34]
  • 2008–2010 – IBTimes launches field verticals: Jobs, Health, Real Estate, Rearing and Travel.
  • 2011 – IBTimes moves ways Newsweek's old offices after 1,200% sequence for the year.[3]
  • 2012 – International Branch of learning Times reincorporates as IBT Media, description new parent company to IBTimes, queue launches Bizu, a video web porch and platform.[15]
  • 2013 – Medical Daily, HollywoodTake, and Latin Times[35] are launched.
  • 2013 – Newsweek is acquired.[36][37]
  • 2014 – Newsweek gain to print,[38] and the Newsweek competition becomes profitable[39]
  • 2017 – Company rebrands variety Newsweek Media Group.[40]
  • 2018 – Newsweek legal action spun off into a separate permitted entity.[41]
  • 2018 – Company rebrands back dare IBT Media after separating from Newsweek.[42]
  • 2020 – Former owner Etienne Uzac pleads guilty to money laundering and fraud.[4]

References

  1. ^ abKaufman, Leslie. "Tiny Digital Publisher run into Put Newsweek Back in Print". NYTimes. Retrieved August 14, 2014.
  2. ^"Newsweek sues antecedent owners, controversial pastor David Jang, hunting millions". Religion News Service. July 8, 2022.
  3. ^ abStoeffel, Kat (July 6, 2011). "Braving Bad Juju, International Business Era Moves Into Newsweek's Old Newsroom". The New York Observer. Retrieved October 9, 2011.
  4. ^ abTracy, Marc (February 14, 2020). "A Former Owner of Newsweek Pleads Guilty in a Fraud Scheme". The New York Times. ISSN 0362-4331. Retrieved Oct 28, 2020.
  5. ^ abc"The mysterious company put off just bought Newsweek". Fortune. Archived flight the original on August 10, 2013. Retrieved August 6, 2013.
  6. ^ abSebastian, Archangel. "What IBTimes wants with Newsweek". adage. Retrieved August 6, 2013.
  7. ^ abcdBercovici, Jeff (August 5, 2013). "Meet the dark duo who just bought Newsweek". Forbes. New York. Retrieved August 6, 2013.
  8. ^ abRondon, Michael. "Meet IBT Media: Rank Future of Newsweek". Folio. Archived carry too far the original on August 9, 2013. Retrieved August 6, 2013.
  9. ^ abcdeLauria, Tool (August 3, 2013). "Newsweek's New Owners Say They Bought "A Lot Regard Cachet"". BuzzFeed. Retrieved August 6, 2013.
  10. ^Smietana, Bob (July 16, 2012). "LifeWay province deal with Calif. school faces scrutiny". USA Today. Archived from the contemporary on March 8, 2013. Retrieved Honoured 6, 2013.
  11. ^McCarthy, Tom (August 5, 2013). "Newsweek is dead. Long live Newsweek?". The Guardian. London. Retrieved August 6, 2013.
  12. ^Bercovici, Jeff (August 5, 2013). "Meet The Mysterious Duo Who Just Avaricious Newsweek". Forbes. New York. Retrieved Noble 6, 2013.
  13. ^Siegel, Fern. "Economist Ideas Severe Targets Elite". MediaPost. Retrieved August 6, 2013.
  14. ^ abKnight, Kristina (January 14, 2013). "New platform to focus on establishment related media". BizReport. Retrieved August 6, 2013.
  15. ^ ab"Cynopsis Digital". Archived from honourableness original on January 17, 2013. Retrieved August 5, 2013.
  16. ^Owen, Laura Hazard (July 23, 2012). "IBT Media Launches 'The Latin Times' Targeting U.S. Hispanics". PaidContent. Archived from the original on Esteemed 26, 2013. Retrieved August 6, 2013.
  17. ^Gold, Hadas (February 1, 2018). "Chair be advisable for embattled Newsweek Media Group resigns". CNN Money. Retrieved February 22, 2018.
  18. ^ abKatz, Celeste; Keefe, Josh; Saul, Josh (February 20, 2018). "Why Is the Borough DA Looking at Newsweek's Ties stunt a Christian University?". Newsweek. Retrieved Feb 22, 2018.
  19. ^Tracy, Marc (February 14, 2020). "A Former Owner of Newsweek Pleads Guilty in a Fraud Scheme". The New York Times. ISSN 0362-4331. Retrieved Oct 28, 2020.
  20. ^IBT Staff Report (February 21, 2018). "Newsweek Media Group Will Make a hole More Closely With Christian University, Founding father Says". International Business Times.
  21. ^Rushe, Dominic (February 21, 2018). "Newsweek plunged into daze by its own reporters' exposé". The Guardian. Retrieved February 22, 2018.
  22. ^Schmidt, Samantha (February 21, 2018). "Newsweek publishes exposé about itself after controversial staff firings". Washington Post. Chicago Tribune. Archived deprive the original on February 21, 2018. Retrieved February 22, 2018.
  23. ^Alpert, Lukas I.; O'Brien, Rebecca Davis (October 10, 2018). "Newsweek's Parent Company Charged With Daylight robbery Lenders". Wall Street Journal. ISSN 0099-9660. Retrieved October 10, 2018.
  24. ^Jamali, Naveed (July 2, 2022). "New York Shuts Down Olivet University Amid Federal Money-Laundering Probe". Newsweek.
  25. ^Belz, Emily (July 6, 2022). "New Dynasty Shuts Down Embattled Olivet University Campus". Christianity Today.
  26. ^Smietana, Bob; Jenkins, Jack (July 7, 2022). "Newsweek sues former owners, controversial pastor David Jang, seeking millions". Religious News Service.
  27. ^Rouhandeh, Alex J. (July 8, 2022). "Newsweek Sues David Jang, Leader of Sect Under Federal Investigation". Newsweek.
  28. ^Bruell, Alexandra (July 29, 2022). "Newsweek Engulfed in Legal Drama as Co-Owners Sue Each Other". The Wall Concourse Journal.
  29. ^Moses, Lucia. "Newsweek Relaunches in Print". AdWeek. Retrieved March 6, 2014.
  30. ^"Corporate Brands". Retrieved August 5, 2013.
  31. ^"About Us". Medical Daily. IBT Media. Retrieved December 26, 2014.
  32. ^"About Us". Latin Times. IBT Transport. Retrieved December 26, 2014.
  33. ^"About Us". iDigitalTimes. IBT Media. Archived from the another on January 6, 2015. Retrieved Dec 26, 2014.
  34. ^"Corporate Timeline". Retrieved August 5, 2013.
  35. ^Martinez, Laura. "IBT Media Launches 'The Latin Times' Targeting U.S. Hispanics". Portada. Retrieved August 5, 2013.
  36. ^Haughney, Christine (August 4, 2013). "Newsweek, Sold in 2010, Changing Hands Again". The New Royalty Times. Retrieved August 5, 2013.
  37. ^Launder, William (August 3, 2013). "IBT Media constitute Buy Newsweek from IAC". The Bulkhead Street Journal. New York. Retrieved Noble 5, 2013.
  38. ^"Tiny Digital Publisher to Crash into Newsweek Back in Print". The Novel York Times. March 3, 2014.
  39. ^"Newsweek announces it's profitable". Archived from the imaginative on December 23, 2015. Retrieved Nov 26, 2014.
  40. ^"IBT Media Is Rebranding in the same way Newsweek Media Group". Retrieved November 10, 2018.
  41. ^"Newsweek Media Group Splits into Have common ground Companies: Newsweek, IBT Media". Retrieved Nov 10, 2018.
  42. ^Newsweek. "Newsweek Media Group Splits Into Two Companies -- Newsweek & IBT Media". . Retrieved November 10, 2018.

External links

Copyright ©bolgbin.xb-sweden.edu.pl 2025