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luxe
Friday, January 29th, 2016  |  USD: Buy 531.29 / Sell 543.92
20 years

ICR News, formerly Inside Costa Rica, acquired by investment group

July 29th, 2015 (ICR News) ICR News, formerly Inside Costa Rica, has been acquired by a private investment group, the online news organization announced on Wednesday.

 

The news organization has been acquired by Luxe Investment Group, which also purchased the online newspaper, The Costa Rica Star in September 2014.  The investment group, led by CEO Andrew Stark, acquired 100 percent of ICR’s assets in the transaction.

 

Timothy Williams, ICR’s Editor-in-Chief since 2012, will remain with ICR in the same role, as Stark takes the helm as ICR’s chief executive.

 

“I couldn’t be more excited.  As part of a larger organization, ICR will have resources unavailable to us until now, both in terms of talent and in terms of financial resources.  This deal will allow us to focus on what we do best – delivering our readers quality news reporting,” Williams said.

 

The company said that ICR News would continue to operate as a separate and independent news outlet from the group’s other publishing interests, but would benefit from the group’s shared resources.

 

“ICR has become one of the country’s most respected and trusted English-language news publishers under Mr. Williams’ leadership.  We don’t want to change that – we want to make it even better, and provide ICR the resources it needs to thrive,” Stark said.

 

“We are joining a really amazing team of talented people, who are committed to our readers and this country, and I’m looking forward to the future,” Williams said.

 

ICR News, formerly known as Inside Costa Rica has published online since 2002.

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  • lazymainer

    Great news

    • //insidecostarica.com/ Timothy Williams

      Thank you, sir. Please also see my other comment (above) for more. I appreciate your readership over the years, and I can assure you that what you appreciate about ICR will never change under my watch.

      • lazymainer

        A tough business, keep up the good work Tim
        Lawrence Horn

  • Gary Boyd

    Congratulations.

    • //insidecostarica.com/ Timothy Williams

      Thank you, Gary. Trust my word to yourself and all of our readers, I would not have done this deal without guarantees that I could continue to publish real, “hard” news.

      I remain ICR’s editor-in-chief, I make the editorial decisions, we just have some businessmen and a larger company behind us now that will worry about the business end of things and free myself and ICR to do what we do best and what we are passionate about.

      Your continued readership and support over the years is more than appreciated.

  • prdatki

    Tim ,keep doing a good job,do not become the disgusting Tico times!

  • duke ster

    So Happy to hear that Timothy will still be here with us!!

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