Investor's Business Daily

History

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

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

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

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

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

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.

During the 2016 United States presidential election, IBD 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," but it was rated as one of the closest to the final result.

In March 2019, the publication ended its opinion section.

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.

IBD/TIPP polls

TechnoMetrica Institute of Policy and Politics (TIPP), the polling arm of TechnoMetrica Market Intelligence, is IBD's exclusive polling partner delivering poll data via the IBD/TIPP collaboration between Investor's Business Daily and TechnoMetrica Institute of Policy and Politics.{{Cite web | access-date = 2022-08-29 | access-date = 2022-08-29 | access-date = 2022-08-29 |access-date = 2022-08-29 |archive-date = August 28, 2022 |archive-url = https://web.archive.org/web/20220828162408/http://cstl-cla.semo.edu/rdrenka/renka_papers/polls.htm |url-status = dead

Controversies

Lawsuit claiming inadequate wages to telemarketers

In March 2002, telemarketers who were compensated on the basis of a point system which rewarded them for selling longer subscriptions, winning daily contests, and meeting weekly sales goals sued the company for violations of the Fair Labor Standards Act of 1938.{{Cite web | access-date = 2022-08-29

July 2009 error in editorial

In July 2009, an editorial in the publication claimed that physicist Stephen Hawking "wouldn't have a chance in the U.K., where the [British] National Health Service (NHS) would say the life of this brilliant man, because of his physical handicaps, is essentially worthless."{{cite web | access-date = 2022-08-29 | access-date = 2022-08-29 | archive-url = https://web.archive.org/web/20090925222040/http://voices.washingtonpost.com/ezra-klein/2009/08/how_stehpen_hawking_proves_tha.html | url-status = dead | archive-date = September 25, 2009 | access-date = 2022-08-29 | access-date = 2022-08-29 | access-date = 2022-08-29 | access-date = 2022-08-29

References

References

1. Alpert, Lukas. (March 4, 2016). "Investor's Business Daily Will Become a Weekly". [[The Wall Street Journal]].
2. (September 10, 1991). "The nationally circulated business newspaper Investor's Daily". [[Los Angeles Times]].
3. Krikorian, Greg. (January 20, 1994). "Media: Financial Paper Closing In on Bottom Line". [[Los Angeles Times]].
4. (October 8, 2001). "NEWSPAPER---Investor's Business Daily Plans Expansion". [[Los Angeles Business Journal]].
5. Pérez-Peña, Richard. (April 7, 2008). "Washington Post Wins 6 Pulitzer Prizes". [[The New York Times]].
6. Dool, Greg. (March 7, 2016). "Investor's Business Daily Reduces Print Schedule". [[Folio (magazine).
7. Roush, Chris. (March 4, 2016). "Investor's Business Daily to Become a Weekly, 20 News Jobs to be Cut". [[Talking Biz News]].
8. Roush, Chris. (May 9, 2016). "Explaining the Changes at Investor's Business Daily". [[Talking Biz News]].
9. (November 9, 2016). "How the Media's Election Predictions Badly Missed the Mark". [[The Wall Street Journal]].
10. Sides, John. (December 5, 2016). "Which was the most accurate national poll in the 2016 presidential election?". [[The Washington Post]].
11. MCARDLE, THOMAS. (March 4, 2019). "A Voice against Socialist Bullishness". [[National Review]].
12. (May 5, 2021). "News Corp Completes Acquisition of Investor's Business Daily". [[Business Wire]].
13. (March 25, 2021). "News Corp to Buy Investor's Business Daily for $275 Million". [[The Wall Street Journal]].