Business Week Magazine

Mondo Times editors    Boulder Colorado USA

Posted at 7:12am on Friday, November 20th, 2009

Bloomberg Cuts 130 Positions At BusinessWeek

Business Insider reported on November 19, 2009:

"So far, the names we've seen via Twitter are pretty big.

* Steve Baker, a technology writer, and veteran of 23 years. We've heard he wanted to leave anyway.
* Jon Fine, the great media writer -- on sabbatical with his wife, Laurel Touby -- is out. Makes sense, he's a hot shot of sorts and wouldn't fit with Bloomberg. (In our opinion, anyway.)
* Stephen Wildstrom, the personal tech columnist. He seems to have been caught off guard."

The full story:
http://www.businessinsider.com/bloomberg-cuts-some-big-name-reporters-from-the-businessweek-2009-11

Mondo Times editors    Boulder Colorado USA

Posted at 1:20pm on Tuesday, November 17th, 2009

Time Magazine Editor Takes Over Helm at Business Week

BusinessWeek magazine announced on November 17, 2009:

Time deputy managing editor Josh Tyrangiel, a deputy managing editor at Time magazine and the top editor of its online operations, will become the first editor of a Bloomberg-owned BusinessWeek. The acquisition, announced October 13, is expected to close in early December.

He replaces editor Stephen Adler, who said in October that he would resign when the Bloomberg acquisition was completed.

By selecting the 37-year-old Tyrangiel who is not a business journalist per se, Bloomberg clearly wants a leader for BusinessWeek who is not only a highly-regarded editor but someone who has demonstrated he knows how to reach a wider array of readers in both print and online. A major reason Bloomberg LP executives pursued BusinessWeek was to reach a broader audience beyond Wall Street and the professional investor communities.

Tyrangiel will report to Norman Pearlstine, Bloomberg’s chief content officer and a former editor-in-chief of Time Inc. Pearlstine reports on editorial matters to Matthew Winkler, Bloomberg’s editor-in-chief.

Tyrangiel will work alongside BusinessWeek executive editors Ellen Pollock and John Byrne and managing editor Ciro Scotti. Pearlstine announced earlier that they would continue in their roles at the magazine.

Mondo Times editors    Boulder, Colorado USA

Posted at 11:37pm on Sunday, November 1st, 2009

The editor-in-chief of BusinessWeek, Stephen Adler, will resign, the magazine reported on October 20, 2009:

"Stephen J. Adler, who has been editor-in-chief of BusinessWeek for more than four years, will resign from his post once the sale of the magazine to Bloomberg LP is completed, as anticipated, in early December.

Adler informed his staff of his plans in a memo Tuesday night. He declined to comment beyond what he wrote in the memo (see full memo below). On Oct. 13, BusinessWeek’s parent McGraw-Hill Cos. announced it was selling the magazine to Bloomberg after a months-long sales process.

Adler’s resignation eliminates any question as to whether he would continue on under Bloomberg’s ownership and gives Bloomberg’s chief content officer, Norman Pearlstine, the opportunity to hand pick his own candidate for BusinessWeek’s top editorial job. Adler and Pearlstine, who will become chairman of BusinessWeek, were once colleagues at The Wall Street Journal. It is rare that the top editor of a magazine that is acquired stays on in that role."

The full story:
http://www.businessweek.com/innovate/FineOnMedia/archives/2009/10/adler_to_resign.html

Mondo Times editors    Boulder, Colorado USA

Posted at 12:24pm on Tuesday, October 20th, 2009

Bloomberg L.P., a leading provider of news and information for financial professionals, will purchase BusinessWeek magazine from The McGraw-Hill Companies, Inc. Bloomberg made the announcement on October 13, 2009. Terms of the agreement were not disclosed.

"The BusinessWeek acquisition will yield huge benefits for users of the Bloomberg terminal, and for our television, online and mobile properties," said Daniel L. Doctoroff, president of Bloomberg L.P.

"Although Bloomberg has built one of the world's largest news organizations with more than 2,200 journalists, our primary audience has been our 300,000 Bloomberg Professional® service subscribers. They rely on us for high-value, market-moving news and insightful analysis.

"BusinessWeek helps better serve our customers by reaching into the corporate suite and corridors of power in government, where news that affects markets and business is made by CEOs, CFOs, deal lawyers, bankers and government officials who typically are not terminal customers," Doctoroff noted.

Matthew Winkler, Editor-in-Chief of Bloomberg News said, "BusinessWeek, with its extraordinary context and perspective on the economy and companies, presents a giant opportunity for the Bloomberg News® service to reach decision makers in the most important industries. We are thrilled to have such experienced journalists as our colleagues.''

To facilitate integration of the two news organizations, Norman Pearlstine will become Chairman of BusinessWeek. Pearlstine, Bloomberg's Chief Content Officer, joined Bloomberg last year, building on a distinguished career as Managing Editor of The Wall Street Journal and Editor in Chief of Time Inc. "Norm's role will ensure that we fully capitalize on the combined strengths of Bloomberg and BusinessWeek," Winkler said.

"Bloomberg looks forward to becoming steward of the great BusinessWeek franchise that McGraw-Hill has built over the past 80 years," said Pearlstine. "We are uniquely positioned to preserve and build the market presence of BusinessWeek. Our shared values and complementary resources give us the editorial and technological expertise, data, analysis and depth of reporting to create a new model for the business weekly."

BusinessWeek magazine, founded in 1929, is the market leader among business periodicals with more than 4.8 million readers each week in 140 countries, local language editions in Chinese, Thai and Bahasa Indonesian and licensees in 15 countries. Bloomberg is a leading source of essential breaking news stories, market coverage, investigative and enterprise reporting on global financial markets and the businesses, governments and individuals that rely on them.