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Does IBT have the money? Well they had $1.3m to give to religious institution Olivet University in FY 2014.
#IBTWTFpic.twitter.com/uKV559pJjp
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One way to find out: Request Olivet University’s 990 from FY 2015--which they haven’t released yet. Perhaps they need a reminder.
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For more on IBT/Newsweek ties to David Jang’s religious network see http://www.motherjones.com/media/2014/03/newsweek-ibt-olivet-david-jang …, https://medium.com/@bpreeves/a-fool-and-his-money-are-the-new-owners-of-newsweek-financing-a-south-korean-cult-49b38946e1dc#.nxzgmjpuk …pic.twitter.com/SY3IKyvVeo
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IBT has the money. They scrimp by outsourcing to Bangalore (as they’ve done for years).
#InternationalBangaloreTimeshttp://www.politico.com/media/story/2016/07/after-us-layoffs-ibt-looks-to-grow-bangalore-team-004644 … -
Like other former IBT reporters, I’m proud of the work I did there. But our sudden termination and minimal severance are an insult.
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More importantly, many fmr IBT/Newsweek colleagues haven't been paid for work they did. This is unacceptable. IBT, pay your writers.
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Oh yeah and in the layoffs International Business Times got rid of the International and the Business sections.
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Owen Davis