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That's a baller belly, baybehRead a little closer... no one said that the majority of Black high income earners are fat.
As you move up the income brackets, the prevalence of obese Black men becomes more frequent.
That's a baller belly, baybehRead a little closer... no one said that the majority of Black high income earners are fat.
As you move up the income brackets, the prevalence of obese Black men becomes more frequent.
Aug 5, 2013 @ 03:32 PM 12,321 views The Little Black Book of Billionaire Secrets
Meet The Mysterious Duo Who Just Bought Newsweek
Jeff Bercovici ,
Forbes Staff
I cover technology with an emphasis on social and digital media.
Opinions expressed by Forbes Contributors are their own.
Johnathan Davis and Etienne Uzac
The news that Newsweek had been sold to IBT Media was received by most of the media world over the weekend as the final, clinching evidence of the magazine's abasement. To be handed off to a publisher that even most people in the news business had never heard of was the most ignoble of ends for an iconic magazine that had been around for more than 80 years.
But while IBT may fly under the radar -- and the generic name and look of its flagship website, International BusinessTimes, surely has something to do with that -- it's not exactly a flyspeck. The seven-year-old company has about 200 employees worldwide. By way of comparison, that's more people than worked for the Huffington Post when AOL AOL +% bought it in 2011 for $315 million. It occupies expansive old-media-style offices in Manhattan's Financial District, which I saw last summer when I first met its cofounders, CEO Etienne Uzac and chief content officer Johnathan Davis. Perhaps not quite coincidentally, the space's previous tenant was Newsweek.
While its monthly audience is small for a publication with global ambitions -- 7 million visitors domestically and 13 million worldwide, according to Quantcast -- IBT has been profitable since 2010 and was able to make the purchase without taking on outside investors, something Uzac and Davis have assiduously avoided to this point.
"People asking us, 'How did you fund the acquisition of Newsweek? You must have outside backers, right?'" Uzac told me when we spoke this morning. "Well, as we told you in the previous interviews, we are indeed a bootstrapped company."
Doubt that IBT could be paying for all of its hiring and real estate with nothing more than the ads it serves to 13 million readers has been fueled by reports of the founders' close ties to Korean religious leader David Jang, Olivet University and the World Evangelical Alliance. The fact that neither Uzac nor Etienne had any background in news, media or publishing before starting the site also seemed odd. While they've acknowledged some business connections, Uzac and Davis have repeatedly denied, to me and to other reporters, that anyone but them has an ownership stake in IBT Media.
"We've had to focus on being an efficient company, very concentrated on the revenue side as well as on expenses," says Uzac, explaining what the conspiracy theorists are missing. "And right now, Johnathan and I are still the only two co-owners of the company. That's a choice. It has its advantages and its disadvantages."
Etienne and Uzac say there were several things that appealed to them about Newsweek. While a certain degree of stealth has served their purposes in the U.S., having a brand with widespread name recognition is more important in other markets they're trying to establish themselves in, particularly in east Asia, they say. Newsweek's mixture of subscription and advertising revenues is also something they're hoping to be able to replicate with other products; currently, IBT's only income stream is advertising.
Then, of course, there was the price. Last time Newsweek changed hands, it was for the sum of $1 plus the assumption of subscription liabilities. Those liabilities are less now, Newsweek having shed many of its readers, so there's no reason to think Davis and Uzac weren't able to get it for even less.
"We won't comment on the specific terms of the deal, but as a fast-growing, bootstrapped company, we were able to purchase it," says Uzac.
IBT Media: An Innovative Digital Media Company
Meet The Team
A united front to build a new kind of media company
Etienne Uzac
Co-Founder, Chairman
Etienne Uzac is the co-founder and Chairman of IBT Media, a New York based digital media company. Etienne started the company in 2006 with Johnathan Davis after completing his Bachelor's degree at the London School of Economics.
Etienne grew up in France and South Africa and while studying for college in London, he saw an opportunity to enhance the business media offering to emerging and fast-growing countries. He thus started working on the launch of International Business Times (ibt.com), a digital media property with now over 40M monthly unique visitors.
Building on the success of IBTimes, Etienne and Johnathan spearheaded the launch of new consumer media brands. They also acquired the renowned Newsweek brand and are still working on its transformation for the digital age.
Dev Pragad
CEO, Newsweek and IBT Media
Dev Pragad is the CEO of Newsweek and IBT Media. Having spent many years in London as MD of IBT Media EMEA, Mr. Pragad was promoted to the role of CEO in 2016, following his success in this UK-based role, which saw him drive the expansion of the IBT Media UK and Newsweek EMEA titles in particular.
Mr. Pragad holds a PhD in Mobile Internet from King’s College London. He is passionate about the digital media space and the fast-changing ways in which societies consume and share information in the online age.
Johnathan Davis
Co-Founder, Chief Content Officer
Johnathan Davis is Chief Content Officer of The International Business Times Inc. He is responsible for digital content strategy across the company's global network, and the deployment and delivery across new and existing platforms. Davis co-founded the company with current Publisher and Chief Executive Etienne Uzac.
Davis previously served as the company's first Executive Editor, establishing global reporting and ethical standards, as well as developing editorial operations across the world. With this framework, IBTimes has grown to serve the needs of over 50 million monthly readers on every continent.
Before IBTimes, Davis worked as an engineer at several semiconductor companies, including Nvidia and S3. He earned a Bachelor of Science degree in Electrical Engineering with Computer Engineering from the University of California, Los Angeles.
Alvaro Palacios
Chief Operating Officer
Alvaro Palacios is the Chief Operating Officer of IBT Media with a strong background in strategy, business development, finance, sales, and marketing. He has a proven ability to improve global operations, impact business growth, and maximize stakeholder value.
Alvaro joined IBT Media from Televisa Publishing + Digital where he served as Head of US Operation. He previously held operations, finance and business development positions at companies including DLA, Inc, PRISA, Terra Networks USA and Latin America, Telefonica B2B and PricewaterhouseCoopers.
Alvaro is a graduate of Universidad de la Republica Oriental del Uruguay and holds an MBA in finance from Universidad ORT Uruguay.
Michael Lukac
Chief Technology Officer
Michael Lukac is the Chief Technology Officer at International Business Times. He oversees the global IT strategy, design and deployment of all business units.
Prior to his current role in New York, he was based in London and worked as the IT Director at IBTimes UK. Lukac held various IT titles prior to joining the organization, including the University Hospital Ruzinov in Bratislava, Slovakia.
Lukac received his masters in Computer Science and Industrial Engineering from FEI Technical University at Kosice, Slovakia.
Those nikkas be gayer than a tlr thread breh
Ive seen it first hand. Effeminate as hell.
What are they?I know I have different physical standards for BW and WW so it's possible.
Y'all weird ass, loser ass nikkas keep saying this stupid bullshyt. Where are you from where this is actually a thing?Black dude got to be tall in shape a part thug part good guy in one to get a pretty black girl work etc. And give them that work etc.
A white dude can look any way and can get a bad black chick. No expectations Or nothing required. Him being white and wanting her enough for most black woman
Y'all weird ass, loser ass nikkas keep saying this stupid bullshyt. Where are you from where this is actually a thing?
I'm glad I'm in Memphis then, because ain't none of that bullshyt going on here. The only motherfukkers who'd see being with a white person as a "bonus" are loser ass motherfukkers who don't get respect from other black people because they hate their own blackness. Memphis is 65% black, very, very few people down here on that "I don't date black people" bullshyt. You're either a white boy, or a self-hating oreo ass nikkaCalifornia and it happens all the time anywhere. Blacks are on bottom in society whites are on top as far economic they dont have to answer to u. To be with them for many blacks is a bonus cause of low self esteem so they dont demand anything of them like they would a black person. Years of slavery and jim crow do this to people
All that I don't like guys too ripped is a damn lie, usually average or out of shape women say.
In most cases of a chick hits the gym ever day there going to prefer their man to be well built.
Having broad shoulders, v shape back and lower torso are considered attractive by all women.