Tuesday, June 27, 2023

Investor's Business Daily

 

History[edit]

Entrepreneur and stockbroker William O'Neil founded the newspaper in 1984 due to frustration with the lack of data about stocks in newspapers.[5]

In September 1991, the publication's name was changed from Investor's Daily to Investor's Business Daily.[1][9]

In 1994, ten years after its founding, IBD was ranked among the fastest-growing newspapers in the country.[10]

In 2001, after the September 11 attacks, revenue fell 20%-30%. At that time, paid circulation was approximately 313,000.[11]

In 2005, political cartoonist Michael Ramirez joined IBD. In 2008, Ramirez won his second Pulitzer Prize for editorial cartooning while at the company.[12]

In March 2016, the print newspaper became a weekly publication and the publication shifted its focus to daily digital operations, cutting 20 jobs. At that time, the website had 4 million visitors.[1][13][5][14]

During the 2016 United States presidential electionIBD conducted one of two polls that correctly predicted a victory by Donald Trump. Before the election, the poll had been dismissed as being an "outlying survey,"[15] but it was rated as one of the closest to the final result.[16]

In March 2019, the publication ended its opinion section.[17]

In May 2021, News Corp acquired the publication for $275 million, adding it to its Dow Jones & Company division. At that time it had 100,000 digital subscribers.[18][19]

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