in late 2005, uzac and davis, in new york, launched the ibt website.on august 4, 2013, ibt media purchased ""newsweek" " another news site. peter s. goodman, news editor of "the huffington post", became editor in 2014. goodman left the company in 2016. ibt media later renamed as newsweek media group.in september 2018, newsweek media group once again became ibt media with "newsweek" became an independent company.