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media/telecom

WSJ Owner Buys Investor’s Business Daily

By
Martin Peers
· · Source: The Information

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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