American City Business Journals
American City Business Journals
American City Business Journals, Inc. (ACBJ) is a prominent American newspaper publisher based in Charlotte, North Carolina. Specializing in business journalism, ACBJ operates an extensive network of local business news outlets across the United States. These publications are collectively known as The Business Journals.
History and Development
ACBJ was established in 1986 when it acquired the business publications owned by Mark Vittert and Business Journal Publications Corp for $40 million. This acquisition included several city business journals such as those in Cincinnati, Ohio, Baltimore, Maryland, Pittsburgh, Pennsylvania, Philadelphia, Pennsylvania, and St. Louis, Missouri. Later in 1986, ACBJ merged with Scripps Howard Business Journals.
Publications and Reach
The company's flagship service, bizjournals.com, aggregates local business news from its various city publications, providing a comprehensive resource for business news across the country. The website serves over 3.6 million readers weekly. ACBJ has continued to expand its influence with additional business publications throughout major cities in the U.S., like the Atlanta Business Chronicle.
Notable Contributions and Acquisitions
ACBJ has played a significant role in covering important business developments. For instance, it reported on major acquisitions such as TIAA's purchase of EverBank, a transaction with strong ties to St. Louis, and D.R. Horton's acquisition of a leading title agency in Phoenix, Arizona.
Additionally, the now-defunct Portfolio.com was an ACBJ publication targeted at small to mid-sized businesses, providing valuable insights and data for the small business sector.
Influence in Business Journalism
ACBJ’s influence extends to various business sectors, offering detailed coverage on companies such as Tyler Technologies, a leader in software solutions, and Labcorp, known for its acquisition of Dianon Systems.
The company also covers significant real estate and corporate transactions, such as Eddie Bauer's sale of its headquarters to Microsoft, illustrating its comprehensive reach and depth in business reporting.