Rupert Murdoch’s News Corp. has agreed to buy Investor’s Business Daily from O’Neil Capital Management for $275 million, continuing the legacy media company’s push into digital publishing.
News Corp. said Thursday that it planned to fold the Los Angeles-based business, which includes the Investor’s, into its Dow Jones subsidiary, which also publishes the Wall Street Journal, MarketWatch and Barron’s. Investor’s Business Daily, which currently has about 130 employees, will remain a stand-alone brand within News Corp. once the acquisition is complete. The deal is expected to close in the second quarter.into the stock market, which has been on a bull run since early in the pandemic.
“IBD will greatly enhance our e-expertise in finance, with compelling digital coverage, unique tools and high-yielding services,” News Corp. Chief Executive Robert Thomson said in a statement. “We will be able to cross-sell and up-sell with Dow Jones financial products and provide specialist insights for a knowing business audience.”, who was born in Oklahoma in 1933, came to Los Angeles during the postwar boom after graduating from Southern Methodist University in Dallas and serving in the U.S.
“We pride ourselves on helping to educate and empower investors so that they can make smarter, more profitable investing decisions,” his son, William Scott O’Neil, the CEO of O’Neil Capital Management and Investor’s Business Daily, said in a statement. “We can’t think of a better place than News Corp. and Dow Jones to take Investor’s Business Daily into its next phase of growth and create even more value for our loyal subscribers.
Too bad. It used to be a good paper. Murdoch will slime it by linking to FoxNews
That publication is dead to me now. Screw the Murdochs
ElaineM11584892 So, the Murdoch cancer spreads!
ElaineM11584892 Should be STOPPED
Destroy democracy one step at a time.
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