Wall Street Journal owner News Corp is buying Investor’s Business Daily for $275 million, supplementing News Corp’s presence in the business news market. News Corp said in a statement that IBD has nearly 100,000 digital subscribers. The company publishes a once a week print edition but that accounts for only 10% of its revenues. Most of IBD’s revenues comes from its investor tools, research...
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Pinterest’s Tardy CEO Shakeup
What timing! No one could say they were surprised that Ben Silbermann is stepping down as CEO of Pinterest—that’s something we’ve expected for a while. After all, while he and his co-founder, Evan Sharp, built the business into a public company worth $13 billion—even after the stock plunge of recent months—Silbermann lately has been grappling with falling user numbers in the U.S. No, what is...
Email App Front Doubles Valuation to $1.7 Billion
Disney’s Board Renews Chapek’s Contract for Three Years
Pinterest’s Silbermann Steps Down
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