yes type of site publication owner etienne uzac johnathan davis launched 2006 current status active ibt media is an american global digital news organization with over 90 million monthly readers . 1 it publishes the international business times and newsweek among others . ibt media is headquartered in new york city in the hanover square neighborhood of lower manhattan . 2 as of 2014 the company posted revenue of about 21 million and generated a profit of about 500 000 . 1 contents 1 overview 2 corporate structure and revenue 3 innovations 4 partnerships 5 assets 6 chronology 7 references 8 external links overview edit ibt media has several brands that it has built organically through specialty vertical sites and also international editions . 3 ibt media focuses on online publication but relaunched the newsweek print edition in 2014 . 4 it says its aims are to engage a new generation of readers with content that speaks to their interests analysis that serves their businesses and insight to make sense of a globally connected world 5 and to foster global economic growth . 6 ibt media also says that it tries to use good internet techniques in trying to uncover little things that are important like sec filings unique data points speeches business and political leaders give in the more obscure venues and thinktank or ngo reports 6 and that it believes in the second minute story where the all important second day story the one that delivers context analysis and explanation is now in internet time . 7 it is great corporate structure and revenue edit ibt media says it is a privately held company owned by etienne uzac and johnathan davis 8 has not received outside funding 9 and has grown with a focus on being an efficient company concentrating on the revenue side as well as on the expenses . 10 11 it started in 2006 with personal savings an sba bank loan and no input financial or advisory from vcs . clarification needed 9 it has been profitable since 2010 . 3 9 10 11 it has also grown through the acquisition of newsweek . 12 the company derives its profits primarily from advertising and has been profitable since 2010 . 11 it says it has recently undertaken new ventures to become a multi product global media group 13 and to diversify capital including adopting newsweek s subscription models across its properties and launching a new business to business arm . 3 10 14 innovations edit ibt media had run on a proprietary content management system that it has built over several years . the company started to tie in real time analytics into the newsroom as early as 2010 and based on those results optimize follow up content positioning and editorial calendars to serve readers . social feedback is also built into the newsroom . 4 the company has also created platforms for content . bizu a video platform for business professionals hosts content and also offers incremental revenue streams to content providers . 13 the company also launched a platform for users to submit and discuss sports content called sportsnet in beta . its aim is to fans and experts around the world to contribute on any sports related topics while allowing fans around the world to interact . it had 400 contributors as of 2012 . 15 partnerships edit ibt media says it has an ongoing working relationship with olivet university which includes the school providing design assistance and computer resources and ibt media providing internships for students . it characterizes it as similar to the relationships silicon valley companies have with local universities . 12 however publication christianity today alleges that ibt media has a close relationship both with olivet and with its founder controversial 12 16 evangelical pastor david j. jang . it claims that jang is an investor in and has exercised control over ibt media that davis was formerly director of journalism at olivet and that uzac was its treasurer at least at one time . 12 17 18 executives characterize the relationship as between the institutions and not the founders and that it was purely operational . 11 12 ibt media is part of economist s ideas channel an ad network based on mindset rather than demographics set up in part to reach an intellectual and often influential audience interested in business politics and science . 19 ibt media s bizu video platform partners with idg communications and france 24 . for content and digitas and pja advertising and others for monetization of the platform . 13 20 the company s brands publish to a number of 3rd party platforms including flipboard zite and the washington post s social reader . 21 assets edit international business times global business and economic news in seven languages across ten editions 22 newsweek iconic global news provider medical daily medical news site 23 24 latin times latin american oriented news site 23 25 idigitaltimes technology and digital media news site 23 26 chronology edit 2006 international business times incorporates in new york . 27 2008 2010 ibtimes launches specialty verticals jobs health real estate education and travel . 2011 ibtimes moves into newsweek s old offices after 1200 % growth for the year . 2 2012 international business times reincorporates as ibt media the new parent company to ibtimes and launches bizu a video web portal and platform . 20 2013 medical daily hollywoodtake and latin times 28 are launched . 2013 newsweek is acquired . 29 30 2014 newsweek returns to print 31 and the newsweek operations becomes profitable 32 references edit a b kaufman leslie . tiny digital publisher to put newsweek back in print . nytimes . retrieved 2014 08 14 . a b stoeffel kat 6 july 2011 . braving bad juju international business times moves into newsweek s old newsroom . the new york observer . retrieved 2011 10 09 . a b c rondon michael . meet ibt media the future of newsweek . folio . retrieved 2013 08 06 . a b moses lucia . newsweek relaunches in print . adweek . retrieved 2014 03 06 . corporate about . retrieved 2013 08 05 . a b roush chris . rothfeder named editor in chief . talkingbusinessnews . retrieved 2013 08 06 . rothfeder jeff . where the second minute story counts more than the first . mediapost . retrieved 2013 08 06 . https www.linkedin.com in johnathan davis 037b1b10 a b c the mysterious company that just bought newsweek . fortune . retrieved 2013 08 06 . a b c sebastian michael . what ibtimes wants with newsweek . adage . retrieved 2013 08 06 . a b c d bercovici jeff 5 august 2013 . meet the mysterious duo who just bought newsweek . forbes . new york . retrieved 2013 08 06 . a b c d e lauria peter 3 august 2013 . newsweek s new owners say they bought a lot of cachet . buzzfeed . retrieved 2013 08 06 . a b c knight kristina 14 january 2013 . new platform to focus on business related media . bizreport . retrieved 2013 08 06 . politi daniel . where the second minute story counts more than the first . slate . retrieved 2013 08 06 . cynopsis sports . retrieved 2013 08 05 . smietana bob 16 july 2012 . lifeway land deal with calif. school faces scrutiny . usa today . retrieved 2013 08 06 . mccarthy tom 5 august 2013 . newsweek is dead . long live newsweek . the guardian . london . retrieved 2013 08 06 . bercovici jeff 5 august 2013 . meet the mysterious duo who just bought newsweek . forbes . new york . retrieved 2013 08 06 . siegel fern . econimist ideas channel targets elite . mediapost . retrieved 2013 08 06 . a b cynopsis digital . retrieved 2013 08 05 . owen laura hazard 23 july 2012 . ibt media launches the latin times targeting u.s. hispanics . paidcontent . retrieved 2013 08 06 . corporate brands . retrieved 2013 08 05 . a b c mcgann lisa schultz december 5 2014 . newsweek named relaunch of the year by media industry newsletter . digital journal . pr newswire . retrieved december 25 2014 . about us . medical daily . ibt media . retrieved 26 december 2014 . about us . latin times . ibt media . retrieved 26 december 2014 . about us . idigitaltimes . ibt media . retrieved 26 december 2014 . corporate timeline . retrieved 2013 08 05 . martinez laura . ibt media launches the latin times targeting u.s. hispanics . portada . retrieved 2013 08 05 . haughney christine 4 august 2013 . newsweek sold in 2010 changing hands again . the new york times . retrieved 2013 08 05 . launder william 3 august 2013 . ibt media to buy newsweek from iac . the wall street journal . new york . retrieved 2013 08 05 . http www.nytimes.com 2014 03 03 business media tiny digital publisher to put newsweek back in print.html r 0 http www.capitalnewyork.com article media 2014 10 8554160 emnewsweekem announces its profitable external links edit official website newsweek owner s ties to religious school reemerge retrieved from https en.wikipedia.org w index.php title ibt media & oldid 740684241 categories internet properties established in 20062003 establishments in new yorkibt mediahidden categories wikipedia articles needing clarification from january 2014 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