Post-Mortem: Inside IBT Media’s Meltdown

Two years ago, IBT Media co-founder Johnathan Davis addressed his ties to an unconventional pastor as well as his views that gay people could be cured, saying his work and beliefs were separate. It was an unusual backstory — and response — for a mainstream news publisher.

Today, that episode seemed as clear an indication as any that Davis was out of step with his world: The company is currently slashing jobs after a rapid expansion, having cut nearly three-fourths of its editorial staffers in recent months at flagship International Business Times and Newsweek. From interviews with former editorial and business-side employees, a picture emerges of owners whose lack of experience combined badly with the challenge of being a modern publisher in an industry that’s changing at breakneck pace.

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