Journalism websites are abuzz today with news that IAC/InterActiveCorp sold the once-iconic Newsweek title to IBT Media, publisher of the website International Business Times. Most media coverage focuses on the history of the magazine, including the death of its print publication in December and IAC chairman Barry Diller's comment that his buying it had been a "mistake."
But few sites are noting that IBT has significant ties to David Jang, the Korean pastor hailed by some of his followers as a messianic figure, a "Second Coming Christ."
Jang has been a controversial figure in Asia since 2008, when a committee of Hong Kong theologians and church leaders "unanimously expressed its serious apprehensions and concerns." His views and influence continue to be debated in South Korea and in the U.S. And last year, the National Association of Evangelicals appointed a committee to determine "theological compatibility" between the Jang-founded Olivet University and the Southern Baptist Convention's LifeWay Christian Resources. The findings of that committee have not been publicly released, but after reviewing the committee's report LifeWay officials withdrew from plans to sell a 2,100-acre New Mexico conference center to the school.
IBTimes has no public or formal ties to Jang. According to CT sources, IBTimes CEO Etienne Uzac owns 55 percent of the company and chief content officer Johnathan Davis owns 45 percent. Jang does not appear on the company's "leadership" page—nor ...1