News Corp. Reports Acquisition of Investor’s Business Daily | News Corp. Reports Acquisition of Investor’s Business DailyFinancial Buzz

News Corp. Reports Acquisition of Investor’s Business Daily

News Corp. has reported an agreement to acquire Investor’s Business Daily from O’Neil Capital Management.  Majority of IBD’s annual revenues and profit derive from the company’ unique investor tools, analysis and research products.  They have experienced large rises in popularity and profitability as more investors require quality information through digital products to guide their financial decisions.  “IBD will greatly enhance our e-expertise in finance, with compelling digital coverage, unique tools and high-yielding services. We will be able to cross-sell and up-sell with Dow Jones financial products and provide specialist insights for a knowing business audience,” said Robert Thomson, Chief Executive of News Corp. “Dow Jones and the Wall Street Journal reported record profits in the last quarter and I have no doubt that IBD’s savvy digital products and journalism will significantly bolster profitability at the Dow Jones segment. This transformative deal obviously comes as investor interest is surging in stock and bond markets and there is a premium for intelligence, insight and integrity.”

Almar Latour, CEO, Dow Jones, said: “The prospect of combining our collective skills and strengths, especially our shared legacies of trusted, rigorous journalism and research, opens up a wide range of potential. It creates exciting possibilities to grow quality at scale, diversify our tailored digital offerings and forge even deeper connections with the professional and retail investment communities.”

William Scott O’Neil, CEO of O’Neil Capital Management and Investor’s Business Daily, said: “We pride ourselves on helping to educate and empower investors so that they can make smarter, more profitable investing decisions. 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.”