American City Business Journals
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model.
The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week.[3]
The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal.[1]
In 1985, the company became a public company via an initial public offering and was traded as an over the counter stock.[1]
In 1986, the company acquired the full complement of publications from Business Journal Publications, including the St. Louis Business Journal and several other business journals and legal publications.[1]
Ray Shaw joined the company in 1989 and served as the company's chairman and chief executive officer for 20 years until his death in 2009.[2] Under Ray Shaw's leadership, the company moved its headquarters from Kansas City, Missouri to Charlotte, North Carolina and greatly increased the number of its publications.[2]
