• IBT Media Names Jim Impoco the Editor-in-Chief of Newsweek

NEW YORK, Sept. 12, 2013 /PRNewswire/ -- IBT Media (http://corp.ibt.com), an international digital-only news company that acquired Newsweek in August, today announced Jim Impoco as the Editor-in-Chief of Newsweek.

A veteran journalist for over 20 years, Jim comes to IBT Media from Thomson Reuters, where he spent four years as both Enterprise Editor and Executive Editor for Thomson Reuters Digital. In his most recent role, Jim was responsible for revamping the company's consumer-facing digital platforms and overseeing the award-winning redesign of NewsPro.

Etienne Uzac, co-founder and chief executive officer of IBT Media said, "We are thrilled to have Jim on board. Jim has a remarkable track record of leadership in journalism and a deep understanding of the digital industry, which is the exactly what will take Newsweek to the next level. We look forward to his many contributions as editor-in-chief."

Prior to Jim's time at Thompson Reuters, he held leadership positions at Conde Nast Portfolio, New York Times, Fortune Magazine, and U.S. News & World Report.

Johnathan Davis, co-founder and chief content officer of IBT Media said, "Jim will be critical to contributing to the long-term content strategy for Newsweek. We will be working closely with Jim over the next couple of weeks to consolidate the organizational structure with a common vision to enhance editorial offering. Because of Jim's diverse experiences in both print and digital media - he is the perfect person to lead Newsweek. "

IBT Media is dedicated to investing on the Newsweek brand, staff and editorial offering to grow the franchise with readers around the world. Newsweek will continue to serve its subscribers and deliver compelling and thought-provoking news and analysis.

Jim Impoco, editor-in-chief of Newsweek said, "I am honored to be a part of the IBT Media team and look forward to revitalizing one of the most iconic media brands in history. Inspired by IBT Media's vision for Newsweek, I am committed to maintaining the high standard of editorial integrity of the franchise and leading the editorial team in this exciting time."

Jim will be reporting to IBT Media's chief content officer, Johnathan Davis. The partnership on international print edition will continue.

As announced previously, IAC will continue to operate Newsweek for a period of 60-days. IBT media will take over the operation on October 1.

Since the recent acquisition, Newsweek has returned to the URL http://www.newsweek.com. IBT's brands are published by over 200 employees located in 10 countries and include International Business Times, Medical Daily, Latin Times and iDigitalTimes. IBT's content gives readers in 7 languages in 235 countries a window on current events, inspired perspectives, and useful information. The company's sites receive over 30 million unique visitors per month, and growing. IBT Media was founded in 2006. For more information on the company, please visit http://corp.ibt.com.

Media Contacts


Newsweek Announces First Profitable Month Under New Ownership

Owner IBT Media Celebrates Publication's One Year Anniversary with Significant Growth in Audience and Advertising

NEW YORK, Oct. 8, 2014 /PRNewswire/ -- Newsweek today announced that September marked a return to profitability for the iconic magazine brand under its current ownership at IBT Media.

"Our business plan to support Newsweek's quality journalism is working. Clearly there is an appetite for premium content," said Etienne Uzac, co-founder and CEO of IBT Media. "In addition to bringing this iconic brand back to print, we've expanded advertising, significantly increased subscriptions and grown the online audience tremendously."

Newsweek's tradition of journalism excellence continues under the leadership of Editor-in-Chief Jim Impoco. He and his team have distinguished the magazine in a crowded news space with a series of high impact stories on subjects ranging from the unmasking of an international celebrity activist to the humanitarian crisis in South Sudan. Additionally, Impoco has expanded the editorial team to 50 staffers in New York and London to serve content to the print and digital platforms.

Newsweek's revenue has increased by 400% in the last year, driven by a three-pronged revenue strategy of subscriptions, advertising and licensed content. Global traffic to Newsweek.com has increased immensely between October 2013 and September 2014, from less than one million to nearly six million unique visitors a month. Newsweek will enhance readers' digital experience with new iOS apps this quarter.

The advertising business now accounts for about a third of Newsweek's overall revenue, which is a 100-fold increase in the last year. Advertising partners – spanning industries from luxury and travel to financial and tech – are drawn to Newsweek's affluent and influential audience; the average print household income is in excess of $100,000.

IBT Media successfully re-launched print editions in the United States and Europe in March, and publishes six international versions through licensees. It is continuing to explore additional international editions.

About IBT Media
IBT Media is the umbrella that unifies both iconic brands and innovative upstarts with the common vision to connect the dots around the world to fuel your passion and enable informed decisions.

With authoritative journalism in four different languages, our content gives readers in 190 countries a window on current events, inspired perspectives, information to act and to discuss. Our brands are published by local staff in five countries, and include International Business Times, Newsweek, Medical Daily, Latin Times and iDigitalTimes.

For more information on International Business Times, visit: http://www.ibtimes.com/ or follow IBTimes on Twitter at: @IBTimes.

Media Contact
Lisa Schultz McGann, Edelman on behalf of Newsweek and IBT Media