LOS ANGELES, Nov. 3, 2016 /PRNewswire/ -- Edward Skolarus, formerly of Fox Networks and News Corp., has joined Investor's Business Daily as Chief Digital Officer and will lead the strategy, design and distribution of enterprise-wide digital products and multi-platform customer solutions. Mr. Skolarus will be part of the executive management team where he'll define a long-term vision for the company's digital commerce efforts and influence corporate strategy and planning, especially within business innovation. Mr. Skolarus will report to Jerry Ferrara, President of Investor's Business Daily. "Edward's proven record of success in developing and executing visionary digital transformation strategies combined with building large-scale businesses across platforms will help us increase overall business performance, while driving innovation for future growth," said Mr. Ferrara. Skolarus added, "I couldn't be more excited about joining Investor's Business Daily. As technology continues to disrupt traditional business models, the Investor's Business Daily brand - when combined with multi-media products and platforms - is uniquely positioned to disrupt the financial news, investment research and business information markets." Most recently, Mr. Skolarus served as Vice President, Advanced Advertising & Digital Business Operations for Fox Broadcasting responsible for transforming the traditional advertising models towards digital. At Fox Broadcasting, he oversaw brand and digital integrations, American Idol voting, and consumer data insights across the Fox multi-platform landscape. Prior to Fox Broadcasting, Mr. Skolarus served as Vice President of Corporate Development and Strategy for Fox Networks Group, where he identified new business and strategic opportunities and worked on the company's joint ventures. At Fox Networks, Mr. Skolarus also was Head of Business Operations and Digital for the Fox Reality Cable channel which grew to 53 Million subscribers within three years, making the Fox Reality Channel one of the fastest growing cable channels and digital networks in television history. Prior to Fox, Mr. Skolarus founded, developed and patented technologies while serving as Chief Executive Officer of several venture funded start-ups with successful exits.