The Latest Breaking News from IBT Media Inc

Newsweek Investors Drop Lawsuit Against Dev Pragad, Saying the Contract Already Dead

IBT Media Inc. declares the 2018 Newsweek deal void, prompting investors to drop their lawsuit against Dev Pragad as ownership claims unravel.

International Business Times · May 1

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

IBT Media Inc. claims NW Media Holdings Corp. never paid for Newsweek in a disputed 2018 deal, declaring the agreement null and asserting continued ownership of the brand and assets.

International Business Times · Apr 28

IBT Media Sues Former CEO Dev Pragad and Newsweek Executives for $200M

IBT Media has filed a $200 million lawsuit in Westchester County against Dev Pragad and former executives, alleging fraud, breach of fiduciary duty, and a scheme to strip IBT's assets to benefit Newsweek. The case adds to mounting legal battles over Newsweek's ownership and leadership.

International Business Times · Sep 3, 2025