IBT Media Inc. Notifies NW Media Holdings Corp. That Newsweek Transaction Was Never Consummated and Is Irrevocably Null

Source: International Business Times

Legal dispute emerges over ownership of Newsweek as IBT Media claims 2018 sale was never completed IBTimes US NEW YORK — IBT Media Inc. , the global digital media company that founded the International Business Times and acquired Newsweek in 2013, has sent a final notice to NW Media Holdings Corp. stating the 2018 Membership Interest Purchase Agreement (MIPA) intended to transfer Newsweek LLC out of IBT was never consummated and is irrevocably null, according to a letter dated April 24, 2026 and delivered to NW Media's offices at 1 World Trade Center on Monday morning.