IBT Media Announces Business Restructuring

NEW YORK, June 30, 2016 /PRNewswire/ -- IBT Media, a privately held publishing firm that owns Newsweek, the International Business Times, and several other publications today is announcing a corporate restructuring.

Newsweek, one of the most respected brands in publishing, will split off into a separate operational entity. Jim Impoco, Newsweek's Global Editor in Chief, will continue to lead the masthead.

Other IBT Media brands, including the International Business Times, Medical Daily, iDigitalTimes, Fashion Times, and the Latin Times, will be moved into a more integrated structure which will allow for both operational and editorial efficiencies.

Dayan Candappa will continue as the Global Editor-in-Chief of the International Business Times. Marc Perton, previously Editorial Director, Tech at IBT Media, will assume editorial oversight for Medical Daily, iDigitalTimes, Fashion Times, and the Latin Times.

"This restructuring will allow us to continue to support the growth of IBT Media and Newsweek" said Etienne Uzac, CEO of IBT Media. "Our overall plan, which includes some staff downsizing, is part of an overall plan to drive efficiencies throughout the company."

For more information about IBT Media, visit corp.ibt.com.

About IBT Media

IBT Media is a global news organization, delivering news and insight to over 90 million monthly readers around the world. With innovations across its newsrooms and platforms, IBT Media engages a new generation of readers with content that speaks to their interests, analysis that serve their businesses and insight to make sense of a globally connected world. Properties include International Business Times, Newsweek, Medical Daily, Latin Times, iDigitalTimes and Fashion Times. For more information, visit: corp.ibt.com.

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SOURCE IBT Media

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