WORLD NEWS MEDIA DIRECTORY
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Wales has long had a strong sense of its own economic identity — from the coal and steel that powered the industrial revolution to the tech, life sciences and creative industries driving its modern economy. But for years, the country's business community lacked a dedicated, independent media platform of its own. Business News Wales, founded in Cardiff in 2015 by Mark Powney, was created to fill that gap: a digital-first publisher built on collaboration with Welsh industry, giving a voice to business leaders across the nation. A decade on, it describes itself as the country's leading independent business media platform — Welsh-owned, reaching thousands of decision-makers daily, and expanding into print, podcasts, events and sector-specific coverage from sport to cyber security.
Business News Wales was founded in 2015 by Mark Powney, who remains its founder and managing director. Powney, whose own career began in sports marketing in rugby league more than 25 years ago, built the company organically from its Cardiff base into what it describes as the country's leading independent business media platform. The founding model was deliberately collaborative: rather than a traditional newsroom handing down coverage, the platform was designed as a space where industry voices — chief executives, entrepreneurs, investors and policymakers — could share insights, news and expert perspectives across sectors.
Growth was steady and self-funded in the early years. By 2020 the company was confident enough to launch a print product: a high-quality magazine posted directly to 5,000 top business leaders, heads of industry, Welsh Government ministers, senior civil servants and other key decision-makers throughout Wales, with a digital edition delivered to more than 22,000 email subscribers. The first edition carried 60 pages dedicated to the Wales Fast Growth 50 — the annual ranking of the country's fastest-growing firms compiled by Professor Dylan Jones-Evans — plus extensive coverage aimed at helping Welsh businesses navigate Brexit, in partnership with business organisations including the CBI and the Institute of Directors.
Business News Wales' mission is to give a voice to Welsh business — across sectors, of all sizes and in all parts of Wales. Its coverage spans the full sweep of the Welsh economy: manufacturing, technology, financial and professional services, energy and renewables, construction and infrastructure, tourism and hospitality, the food and drink industry, and the public sector's role in economic development. Alongside daily news, the site publishes thought leadership, interviews with business leaders, podcasts and newsletters.
A distinctive feature of its journalism is the emphasis on the intersection of business and policy: the platform positions itself as a bridge between the businesses and decision-makers of Wales, covering the issues that matter to the business community — skills, infrastructure, investment, devolution and the transition to net zero — and ensuring that insight reaches policymakers as well as boardrooms. In 2025 it launched a dedicated Sport Business section, developed with Glamorgan Cricket, the Welsh Rugby Union, the Football Association of Wales and the Cardiff City FC Community Foundation, exploring sport's contribution to the Welsh economy — a sector estimated to contribute more than £1 billion annually to Wales' GDP — through features, interviews and a podcast series.
Business News Wales is an independently owned Welsh media business, founded and led by Mark Powney. In 2024 the company secured significant investment from a private investment group comprised of some of Wales' most successful entrepreneurs — funding aimed at expanding coverage, growing the audience and enhancing services for clients across and beyond Wales. Powney described the backing as an "unbelievable opportunity," noting that the investors brought deep experience of growing businesses across sectors.
The company's revenue comes from a mix of advertising and sponsorship, commercial partnerships, bespoke content and magazine services for businesses and organisations, events, and its growing portfolio of sector-specific products. The 2024 investment was allocated to expanding the editorial team, launching a new website, enhancing technology, and developing new services — including the print editions the company had begun to roll out.
Business News Wales' editorial approach is built around industry collaboration: its journalism draws heavily on the expertise of business leaders themselves, through interviews, roundtables, editorial boards and contributed insight. The INFORM initiative, launched in 2025, exemplifies the model: editorial boards bringing together senior leaders — beginning with business figures in Neath Port Talbot, a region undergoing significant economic change around investment, infrastructure, employment and industrial transition — to explore opportunities and challenges in depth, with the resulting insight turned into journalism and economic intelligence aimed at shaping policy and investment decisions.
The company has also built strategic editorial partnerships with sector bodies, including a partnership with Cyber Wales to champion the country's cyber ecosystem — covering skills, diversity, investment and digital leadership — reflecting an editorial strategy of going deep into the sectors where Wales has distinctive strengths. Its managing director has described the model as placing "industry experience and evidence at the centre of economic coverage."
Business News Wales reports reaching up to 15,000 readers every day across Wales, with an audience concentrated among chief executives, business leaders, entrepreneurs, senior civil servants and government officials — the decision-makers of the Welsh economy. Its print magazine reaches 5,000 top business leaders directly, while its digital edition has been delivered to more than 22,000 email subscribers, and the company has estimated its website content reaching hundreds of thousands of users in peak months. The audience spans all parts of Wales, from the Cardiff capital region and the south Wales valleys to the north Wales economy and rural mid Wales, as well as Welsh business interests beyond the country's borders.
As a digital-native publisher, Business News Wales has built its operation around the website, email newsletters and podcasts rather than legacy print infrastructure. The 2024 investment funded a new website launch and enhanced technology to improve the reader and client experience. Its podcast output — including series tied to its sector coverage such as sport business — and its targeted email newsletters give it direct channels to its decision-maker audience, while its use of video and social media extends its journalism to wider business audiences. The company's model of bespoke magazine platforms for individual businesses and organisations represents a further innovation: turning its publishing expertise into a service for clients seeking to reach Welsh leaders.
Business News Wales' journalism has chronicled the defining economic stories of contemporary Wales: the aftermath of Brexit for Welsh exporters and manufacturers; the country's renewable energy ambitions, from wind to tidal; the growth of the tech and fintech clusters in Cardiff and beyond; the transformation of the south Wales valleys economy; major infrastructure debates around transport and digital connectivity; and the evolving relationship between Welsh business and devolved government in Cardiff Bay. Its Fast Growth 50 coverage has become an annual fixture, celebrating the country's most dynamic companies, while its sector partnerships — from cyber to sport — have produced in-depth coverage of industries often under-represented in economic policy debates.
The company's impact is measured in the connections it creates within the Welsh business community. By providing a platform for industry voices, convening leaders through editorial boards and events, and carrying business insight to policymakers, it functions as part of Wales' economic infrastructure — a role its founder has described as building "an important and much-needed bridge between the businesses and decision-makers of Wales." Its partnerships with organisations such as the CBI, the Institute of Directors, Cyber Wales and the country's leading sporting bodies embed it in the networks through which the Welsh economy organises itself, while its INFORM programme aims to ensure that the voices of regions undergoing economic transition — such as Neath Port Talbot — reach the people shaping investment decisions.
Business News Wales was named as a finalist in the Journalists' Charity's Wales Media Awards 2025, shortlisted in the Online News Site of the Year category — recognition of its standing among the country's media. The awards, judged by senior journalists from Wales and across the UK, celebrate outstanding commitment and contribution to journalism in Wales in English or Welsh, with winners announced at a gala dinner at Cardiff's Parkgate Hotel in January 2026. The company's founder has welcomed the shortlisting as recognition of its commitment to giving Welsh business a voice across sectors and regions.
Recent years have been a period of accelerated growth. The 2024 investment from Welsh entrepreneurs funded a new website, an expanded editorial team and new services; the appointment of Paul Scanlon — formerly head of digital sales at Reach plc for more than eight years — as head of commercial signalled a new phase of commercial development; the July 2025 launch of the Sport Business section opened a new editorial vertical; the Cyber Wales partnership deepened its sector coverage; and the INFORM initiative, launched with business leaders in Neath Port Talbot, represents the next stage of its collaborative journalism model, with further editorial boards planned on manufacturing, defence, artificial intelligence, social housing and skills.
A decade after its founding, Business News Wales remains independently owned and Welsh-led, betting that a media business built with — rather than merely about — the country's business community can thrive where more traditional models have struggled.
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