Johnathan Davis is co-owner of Newsweek with Dev Pragad, President and CEO. He is the husband of former Olivet University president Tracy McBeal Davis; they are both former members of the Olivet, started by evangelical pastor David Jang. Career Davis tought journalism at Olivet and founded the International Business Times in 2005 with Etienne Uzac, another Olivet associate. In 2013, Davis and Uzac, the co-founders of IBT Media, purchased Newsweek, forming Newsweek Media Group. Following a fraud probe by the Manhattan district attorney in 2018 about the company's ties to Olivet University, Newsweek Media Group split. Newsweek became under the ownership of Davis and Pragad who each owned 50% of the company, and IBT Media under the ownership of Davis and Uzac.