Investor's Business Daily

Investor's Business Daily
Type Weekly newspaper, Online newspaper
Format Broadsheet
Founder(s) William J. O'Neil
Founded 1984 (as Investor's Daily)
Headquarters 12655 Beatrice Street
Los Angeles, CA 90066
United States
Circulation 113,000 daily (September 2015)[1]
Website www.investors.com

Investor's Business Daily (IBD) is an American media company covering international business, finance, economics and the stock market. Founded in 1984 by William O'Neil, it is headquartered in Los Angeles, California.[1] IBD provides information about stocks, mutual funds, ETFs, commodities, and other financial instruments aimed at individual investors and financial professionals.[2]

In March, 2016, it was announced that IBD would become a weekly publication and focus more on digital operations.[3] The publication will continue to use the Investor's Business Daily name as it will continue to publish daily on its website.[2] In May 2016, the company officially switched to a weekly print publishing schedule and published its first issue of IBD Weekly while continuing to update its website daily.[4]

History

Entrepreneur and stockbroker William O'Neil founded the newspaper in 1984 due to frustration with the lack of data about stocks in newspapers.[2] In 1991, the publication's name was changed from Investor's Daily to Investor's Business Daily. In 1994, ten years after its founding, IBD had a circulation of 177,000 and was ranked among the fastest-growing newspapers in the country.[5]

In 2005, Pulitzer winner, Michael Ramirez, joined IBD. In 2008, Ramirez won a Pulitzer for his editorial cartooning with the company.[6]

In 2015, paid daily circulation had decreased to 113,038, whereas the IBD website was accessed by over 4 million monthly visitors.[2] In 2016, it was announced that the company would change its printing schedule to once a week, but continue to publish new content to its website daily.[1] In May 2016, the first issue of IBD Weekly was published while the media outlet continued to publish new digital content daily.[4]

During the 2016 presidential election in the U.S., IBD was one of two polls that consistently showed Donald Trump in the lead. Leading up to the election, IBD's poll was dismissed as being an "outlying survey" but turned out to be one of the most accurate polls.[7][8]

Operations

IBD provides investor education through its Investor's Corner, the Big Picture, and online resources. The information provided expands on William O'Neil's previous books that detail the CAN SLIM investment strategy.[9] IBD includes several written sections that detail companies and news of interest. It covers internet and technology stocks in particular, and has a substantial editorial and opinion section. Every Monday in its weekly edition, IBD publishes a list of 50 stocks that are most attractive based on earnings, stock price performance, and other criteria used in the CAN SLIM strategy.[10]

Notable errors and retractions

In July 2009, an editorial in Investor's Business Daily 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." Hawking has always lived in the U.K. and receives his medical care from the NHS, and IBD later removed the editorial's reference to Hawking in its online version, and appended an "Editor's Note," which said, "This version corrects the original editorial which implied that physicist Stephen Hawking, a professor at the University of Cambridge, did not live in the UK."[11][12] Hawking himself responded, "I wouldn't be here today if it were not for the NHS. I have received a large amount of high-quality treatment without which I would not have survived."[13]

References

  1. 1 2 3 Lukas Alpert (4 March 2016). "Investor's Business Daily Will Become a Weekly". The Wall Street Journal. Retrieved 12 April 2016.
  2. 1 2 3 4 Chris Roush (4 March 2016). "Investor's Business Daily to Become a Weekly, 20 News Jobs to be Cut". Talking Biz News. Retrieved 12 April 2016.
  3. ↑ Greg Dool (7 March 2016). "Investor's Business Daily Reduces Print Schedule". Folio Magazine. Retrieved 12 April 2016.
  4. 1 2 Chris Roush (May 9, 2016). "Explaining the Changes at Investor's Business Daily". Talking Biz News. Retrieved July 7, 2016.
  5. ↑ Greg Krikorian (20 January 1994). "Media: Financial Paper Closing In on Bottom Line". Los Angeles Times. Retrieved 12 April 2016.
  6. ↑ Richard Perez-Pena (7 April 2008). "Washington Post Wins 6 Pulitzer Prizes". The New York Times. Retrieved 12 April 2016.
  7. ↑ Flint, Joe; Alpert, Lukas (November 9, 2016). "How the Media's Election Predictions Badly Missed the Mark". The Wall Street Journal. Retrieved November 25, 2016.
  8. ↑ "How Two Polls Predicted Trump's Surprise Victory". Fox News. November 9, 2016. Retrieved November 25, 2016.
  9. ↑ Kevin Marder (13 September 2011). "Conversation With a Maverick Investor". MarketWatch. Retrieved 13 April 2016.
  10. ↑ John Dobosz (23 February 2009). "Breaking Out With Bill O'Neill". Forbes. Retrieved 13 April 2016.
  11. ↑ Metz, Cade (2009-08-12). "Obama health reform critics face inconvenient truth". The Register. Retrieved 2014-08-14.
  12. ↑ Klein, Ezra (August 10, 2009). "How Stephen Hawking Proves That Investor's Business Daily's Editorial Page Tells Lies". The Washington Post. Retrieved August 17, 2009.
  13. ↑ Damien McElroy, Stephen Hawking: I would not be alive without the NHS, The Daily Telegraph (August 12, 2009). Retrieved May 29, 2014.

External links

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