International Business Times facts for kids
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Home page of the September 9, 2010, edition of IBTimes
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| Type | 24/7 |
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| Format | Online |
| Owner(s) | IBT Media |
| Founded | 2006 |
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| Headquarters | 7 Hanover Square, Fl 5 Manhattan, New York City, US |
The International Business Times is an American online newspaper that publishes news in different countries and languages. It is often called IBTimes or IBT. This publication shares news, opinions, and comments about business and trade.
IBT is one of the biggest online news sources in the world. It gets about forty million unique visitors every month. In 2013, its earnings were around $21 million. As of January 2022, IBTimes has editions for Australia, India, International, Singapore, the U.K., and the U.S..
IBTimes started in 2005. It is owned by IBT Media. Etienne Uzac and Johnathan Davis founded the company. Its main office is in the Financial District of Lower Manhattan, New York City.
How IBTimes Started
Etienne Uzac, who is from France, thought of the idea for a global business news website. He was a student at the London School of Economics. He noticed that most big business newspapers focused mainly on the United States and Europe. He wanted to create a site that covered more parts of the world.
Uzac asked Johnathan Davis to join him in this project. In late 2005, Uzac and Davis moved to New York City to start the website. Uzac mainly worked on the business plans. Davis wrote the first articles and created the website's code.
In May 2012, the company announced that Jeffery Rothfeder would be their new editor-in-chief. He used to be a national news editor at Bloomberg. Johnathan Davis was also promoted from executive editor to chief content officer.
On August 4, 2013, IBT Media bought Newsweek magazine and its website, newsweek.com.
Peter S. Goodman became editor-in-chief in 2014. He had been an executive business editor at The Huffington Post. Goodman left the company in 2016. Dayan Candappa, who was a deputy managing editor at Reuters, then became the new Editor-in-Chief of IBTimes.
In 2016, Dev Pragad moved from London to the United States. He became the global CEO of the parent company for Newsweek and IBT. In January 2017, Alan Press was appointed as President, a new and important role.
What IBTimes Covers
In April 2006, the International Business Times launched its first website, ibtimes.com. This site offered summaries of news from around the world. In November 2007, they added a special section for Foreign Exchange (Forex). This section provided news 24 hours a day, 7 days a week.
After 2007, the website changed its look and strategy several times. This was to keep up with changes online. In 2017, they updated the design to show off their journalism better and help advertisers.
From 2012, IBTimes started winning and being nominated for many online media and journalism awards. These awards included best investigative journalism, editor of the year, best video journalism, and best writer of the year.
In 2015, IBT was nominated for a Gerald Loeb Award. This award is for excellent business journalism. Their reports on state pension issues led to changes in New Jersey's government. They also caused officials in San Francisco to delay a big investment.
In 2016, IBT received four "Best in Business" awards from the Society of American Business Editors and Writers (SABEW). This was more than any other publication that year. One award was for "Lebanon's Refugee Economy." This report helped people understand the economic and human challenges of the crisis in Syria. Another report looked at unfair fees charged to prisoners. This led to a response from the FCC.
Peter S. Goodman said these awards showed that their efforts in original reporting were successful.
Also in 2016, IBT hired John Crowley as its UK editor-in-chief. Crowley had been a digital editor for The Wall Street Journal in Europe, the Middle East, and Africa. Crowley said he would focus on helping the site break exclusive stories and create in-depth digital journalism. He wanted IBT to be unique in its journalism.
In early 2017, International Business Times joined a group with other news organizations like Bloomberg, Channel 4, and the BBC. They decided to work together to fight the spread of fake news.
In June 2017, Jason Murdock won the Digital Writer of the Year award at the Drum Online Media Awards. He writes about cybersecurity for the International Business Times UK. This award recognizes the best news and views providers online.
In 2017, before the Tax Cuts and Jobs Act of 2017 became law, the International Business Times reported important news. They found that a last-minute change was added to the bill. This change allowed people with real estate through certain companies to get a new tax deduction. The report noted that President Trump and other lawmakers could benefit from this. This news spread quickly and led to responses from senators and lawmakers. It later won a SABEW award for Breaking News in 2017.
In the Columbia Journalism Review, editor Trudy Lieberman praised David Sirota's investigative reporting for IBT. She said his work helped bring about calls for changes in health insurance rules in Connecticut.
IBT and "The Community"
There have been discussions about the connection between IBT and "The Community." This is a Christian group led by David Jang. IBT says that many reports about its links to The Community are not true or are exaggerated.
Both Johnathan Davis and Etienne Uzac have connections to Olivet University. This is a religious school founded by David Jang. Graduates from Olivet often work at Newsweek Media Group, which has given money to Olivet. Johnathan Davis used to teach at Olivet, and his wife is the university president. Etienne Uzac has been on Olivet's board of trustees. His wife has worked for the World Evangelical Alliance, which Olivet is part of.
In 2012, Christianity Today claimed to have an email where Davis said he couldn't join a certain group linked to Jang because his "commission is inherently covert." Davis denied this claim.
See also
In Spanish: International Business Times para niños
