Newsweek to Launch in Czech Republic

NEW YORK and PRAGUE, May 19, 2015 /PRNewswire/ -- Newsweek, a premier weekly news magazine owned by IBT Media, today announced that it has entered into an exclusive licensing partnership with Business Consulting & Media, Ltd., Central Europe-based publisher, to launch a Czech language edition through its Czech daughter company MediaRey SE. The first issue hits newsstands in November. The new edition will include translations of Newsweek's world-class journalism in addition to content created by a Czech Republic-based editorial team that is already in development.

"Newsweek is continuing to expand globally and we are excited to partner with Business Consulting & Media to bring this venerable brand to Czech readers this fall," said Etienne Uzac, CEO and Co-Founder of IBT Media.

Business Consulting & Media has published several regional corporate and lifestyle magazines across Central Europe. It has also created local language editions of Forbes in the Czech Republic, Slovakia, Hungary and Austria.

"The Czech media market starves for quality content based on independent journalism and global experience. We have no doubt that Newsweek is the right choice for this mission," pointed out Erik Conrad, Co-founder of Business Consulting & Media "We have spent quite a long time to find the best partner and we are glad that we have chosen Newsweek – a magazine with a global tradition, open-minded approach and modern concept."

Jiri Nadoba, an experienced journalist who previously worked as Senior Editor at Forbes Czech Republic and Hospodarske noviny, the country's largest business daily, as well as Mlada fronta DNES broadsheet daily will be Editor in Chief.

"Newsweek is a brand this market needs and something that Czechs will love," added Nadoba.

The Czech language edition of Newsweek will be the ninth international version of the magazine. Other editions are distributed in Japan, South Korea, Latin America, Montenegro, Poland, Serbia, the United Kingdom and the Middle East. Empirical Media, which pursues and facilitates foreign license partnerships, served as an advisor in the formation of this new edition.

For more information about Newsweek, visit: newsweek.com or corp.ibt.com.

About Newsweek
Newsweek is a premier news magazine and website, bringing high-quality journalism to readers around the globe for over 80 years. Newsweek provides the latest news, in-depth analysis and ideas about international issues, technology, business, culture and politics. In addition to its online and mobile presence, Newsweek publishes weekly English print editions in the United States, Europe/Middle East/Africa and Asia as well as editions in Japanese, Korean, Polish, Serbian and Spanish. Newsweek is owned by IBT Media. For more information, visit: newsweek.com or corp.ibt.com.

About Business Consulting & Media, Ltd.
Business Consulting & Media is Central Europe's publishing house with its headquarters in Bratislava, Slovakia. Over the last five years it has brought Forbes business magazine to Slovakia (2010), Czech Republic (2011), Hungary (2013) and Austria (2015). In Czech Republic and Slovakia the magazine has quickly become the market leader in its field while in Hungary Forbes was the fastest growing print media brand in 2014. In the past, Business Consulting & Media published several regional publications, including the in-flight magazine of the low-cost airline SkyEurope Airlines, the in-flight magazine of Poland's LOT national airline budget subsidiary Central Wings and Hertz rent-a-car Central Europe's in-car magazine.

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SOURCE IBT Media

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