International Business Times

The International Business Times is an American online news publication that publishes seven national editions in four languages. The publication, sometimes called IBTimes or IBT, offers news, opinion and editorial commentary on business and commerce. IBT is one of the world's largest online news sources, receiving forty million unique visitors each month. Its 2013 revenues were around $21 million.

IBTimes was launched in 2005; it is owned by IBT Media, which separated from Newsweek in 2018, and was founded by Etienne Uzac and Johnathan Davis. Its headquarters are in the Financial District of Lower Manhattan, New York City.

History
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 United States and Europe and planned to provide broader geographic coverage. Uzac recruited Johnathan Davis to join him in the enterprise. In late 2005, Uzac and Davis moved to New York City to launch the site, with Uzac primarily focused on business strategy, while Davis coded the site and wrote the first articles.

In May 2012, the company announced the appointment of Jeffery Rothfeder as editor-in-chief and the promotion of Davis from executive editor to chief content officer.

On August 4, 2013, IBT Media announced its purchase of Newsweek and the domain newsweek.com from IAC/InterActiveCorp. The purchase did not include The Daily Beast. Peter S. Goodman, previously executive business editor and global news editor of The Huffington Post, became editor in 2014. IBT Media later rebranded as Newsweek Media Group.[citation needed]

From March to July 2016, IBT laid off an estimated thirty percent of its editorial staff. This period marked a new era for the company as it expanded into branded content and events with its sister publication Newsweek. At the same time, Dev Pragad, who had started the Europe, the Middle East and Africa (EMEA) business in 2009, was promoted from managing director of Europe to global CEO of Newsweek and IBT. This was followed in January 2017 by the appointment of Alan Press in the "newly created, strategic role of President".

In September 2018, Newsweek Media Group once again became IBT Media with Newsweek spun off as an independent company.