Johnathan Davis (businessman) explained

Johnathan Davis is co-owner of Newsweek with Dev Pragad, President and CEO.[1] He is the husband of former Olivet University president Tracy McBeal Davis; they are both former members of the Olivet, started by evangelical pastor David Jang.[2] [3] [4]

Career

In 2013, Davis and Etienne Uzac, the co-founders of IBT Media, purchased Newsweek, forming Newsweek Media Group.[5]

Following a fraud probe by the Manhattan district attorney in 2018 about the company's ties to Olivet University, Newsweek Media Group split. Newsweek became under the ownership of Davis and Pragad who each owned 50% of the company, and IBT Media under the ownership of Davis and Uzac.[6] [7] [8]

References

  1. Web site: Dev Pragad, Newsweek Owner, President and CEO . Newsweek.
  2. News: Victims' testimonial video site, closed attack . NewsnJoy . 11 Jan 2023.
  3. News: Rouh . Alex J. . IBT Media Sues Newsweek CEO, Demanding He Return the Magazine . Newsweek . 3 July 2022 . en.
  4. News: Jamali . Naveed . O'Connor . Tom . Christian University at the Center of Federal Trafficking and Fraud Probe . Newsweek . 22 April 2022 . en.
  5. News: Bercovici . Jeff . Meet The Mysterious Duo Who Just Bought Newsweek . Forbes . en.
  6. News: Newsweek Media Group Splits Into Two Companies . Newsweek . 10 October 2018 . en.
  7. News: Bruell . Alexandra . July 29, 2022 . Newsweek Engulfed in Legal Drama as Co-Owners Sue Each Other . The Wall Street Journal.
  8. Web site: Dev Pragad, CEO of Newsweek . 2024-01-01 . The CEO Magazine . en-US.

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