Business Week Magazine

Mondo Times editors    Boulder Colorado USA

Posted at 11:06am on Thursday, January 21st, 2010

December 10, 2009 -- Bloomberg BusinessWeek named the Best Places to Intern for 2009:

"How valuable is a summer internship in a recession? Consider Goldman Sachs, the leading choice for students interested in a career on Wall Street. This year, the investment bank hired 600 fewer entry-level employees. That's not surprising given the stunted economy and the government bailout of banks. What is noteworthy is nearly 90% of Goldman's new hires were former interns. The previous year, Goldman wasn't as concerned about hiring a high percentage of students it had already invested time and money to train only 58% of entry-level hires had spent a summer at the company.

The same is true for other employers. KPMG, a Big Four accounting firm that finds itself in tight competition with Deloitte, Ernst & Young, and PricewaterhouseCoopers, hired nearly 900 fewer entry-level employees this year. But 91% of those full-time hires were former interns, whereas only 71% of new hires in 2008 were interns.

Internships have long been seen as a primary recruiting tool at many top employers—a 10-week job tryout to see who would be the best fit for full-time employment. But with full-time hiring down, even the largest employers are trying to maximize the investment they've made in interns by hiring a larger percentage to fill entry-level position than ever before. "It's true for all years, but I think it's even more so in years like this," says Sandra Hurse, a senior executive at Goldman who handles campus recruiting."

The full story:
http://www.businessweek.com/managing/content/dec2009/ca2009129_394659.htm

Mondo Times editors    Boulder Colorado USA

Posted at 2:56pm on Tuesday, December 8th, 2009

Paul Bascobert, formerly chief marketing officer of Dow Jones' consumer media group, will serve as president of Bloomberg BusinessWeek.

Mondo Times editors    Boulder Colorado USA

Posted at 7:43am on Wednesday, December 2nd, 2009

Ex-BusinessWeek chief John Byrne explains, sort of, why he thinks his new company will kill the likes of his former employer. Byrne wrote on his blog on December 1, 2009:

"As tough as the past three years have been for traditional media, the next three are going to be nothing less than brutal: more closures, greater losses, increasing layoffs of highly talented journalists and editors.

That’s also why we’re going to see a media boom in the next three years, the launch of tens of thousands of new media entrepreneurs on the Internet.

The success of Huffington Post, Politico, Drudge, GigaOm, TechCrunch, and other media enterprises on the web have shown us a path forward.

TV didn’t kill radio. Cable didn’t kill the networks. The VHS tape and the DVD didn’t close down all the movie theaters.

Newspapers and magazines will survive but there will be fewer of them and they will not be able to rack up the profits they had in the past. I believe that a new generation of print will emerge from digital."

The full story:
http://www.c-changemedia.com/2009/11/why-incumbent-media-will-continue-to.html

Mondo Times editors    Boulder Colorado USA

Posted at 4:47pm on Monday, November 30th, 2009

Charlie Rose Will Join BusinessWeek, the magazine's owner, Bloomberg L.P., announced on November 30, 2009:

"Rose, 67, is known as one of the greatest interviewers in America. His BusinessWeek column will showcase smart conversations with the best thinkers, CEOs, politicians and other newsmakers, offering insight those who impact and drive the global business and financial markets.

He will continue as host and executive producer of CHARLIE ROSE, his nightly television program on Public Broadcasting Service (PBS), as well as remain a contributing correspondent for 60 MINUTES.

Bloomberg Chief Content Officer Norman Pearlstine, who will serve as BusinessWeek's chairman, said, "Charlie Rose is a legendary journalist who has interviewed virtually every important player in the world of business and finance. No one is more adept at engaging influential leaders in thoughtful and meaningful conversation and we are delighted to bring his talent to BusinessWeek."

Rose said, "I am excited, inspired and honored to join BusinessWeek as it becomes part of the Bloomberg family. This relationship makes new possibilities for me in the global conversation."

For more information:
http://www.bloomberg.com