Tag Archives: BusinessWeek
Tyrangiel, 37, currently is deputy managing editor of Time magazine and managing editor of Time.com. He has played a critical role in shaping the magazineâ€™s business, technology and political coverage while managing the magazineâ€™s staff.
He built the Web site from 400 million page views in 2006 to an estimated 1.8 billion page views during 2009. DuringÂ his leadership, the site was named Best Magazine Web Site by the Magazine Publishers Association for the past two years.
Tyrangiel will report to Norman Pearlstine, chief content officer at Bloomberg, who, in turn, reports on editorial matters to Matthew Winkler, Bloombergâ€™s editor-in-chief.
Pearlstine said he first met Tyrangiel a decade ago, soon after he joined Time as a reporter.
“I saw Josh in a number of leadership positions as he took on increasing responsibilities at Time. Working closely with him in the years I served as Time Inc.â€™s Editor-in-Chief, I came to appreciate his intelligence, curiosity, energy and integrity,” Pearlstine said in a statement. “Josh is recognized within Time Inc. and its parent, Time Warner Inc., as an ‘editor’s editor’ and a natural leader. His understanding of the ways in which print and online publications can work together will serve Bloomberg well as we expand our consumer media offerings.”
Bloomberg Editor-In-Chief Winkler said, “Josh will build on BusinessWeek’s tradition of great fact-based journalism, coupling it with the breadth and depth of Bloomberg News. Norm and Josh are the ideal team to deliver a terrific business magazine that brings the most trusted, most influential and most important news to a global audience of thought leaders.”
Prior to joining Time, Tyrangiel worked at Vibe and Rolling Stone magazines and produced news at MTV. He earned a M.A. in American Studies from Yale University and a B.A. from The University of Pennsylvania.
“I am thrilled to be joining Bloomberg and to lead BusinessWeekâ€™s talented editorial team as we create the worldâ€™s most influential and indispensable business magazine,” Tyrangiel said in a statement.
Read more here.
A management column written by former General Electric CEO Jack Welch and his wife Suzy in BusinessWeek has ended, writes Keith Kelly of the New York Post.
The columnÂ had beenÂ another move by departing editor-in-chief Stephen Adler to overhaul the magazine.
Kelly writes, “Welch, who recently ended a 14-week hospital stay, told the Post it was an amicable parting. He wants to devote more time to the Jack Welch Institute, an online MBA program at the for-profit Chancellor University System.
“‘We did it for four years and it was tougher than we ever thought,’ Welch said. ‘Every Sunday it was like a guillotine hanging over our heads.’”
Talking Biz News reported earlier Friday that CNBC anchor Maria Bartiromo‘s column in the magazine was also ending.
TALKING BIZ NEWS EXCLUSIVE
The column, called “Face Time with Maria Bartiromo,” began in 2005. It was one of the changes made by editor-in-chief Stephen Adler to revamp the magazine.
The first column — a question-and-answer format with someone from the business world — was with former American International Group Inc. CEO Maurice “Hank” Greenberg. Her most-recent Q&A was with Blackstone Group investment strategist Byron Wien.
However, some staff members hated the column, feeling that Bartiromo was too light on some of her interview subjects.
Ryan Chittum of Columbia Journalism Review was especially embarrassed by Bartiromo’s interview with Obama economic advisor Larry Summers that ran this past summer. The magazine’s Elinore Longobardi criticized her for “lobbing softball questions” to Chrysler CEO Robert Nardelli back in 2008 as well.
Jay Yarow of The Business Insider reports Wednesday that some BusinessWeek staffers are worried about whether they will get jobs at Bloomberg once that company acquires the business weekly because it’s not responsible for paying severance.
Yarow reports, “The question for BusinessWeek employees therefore becomes, is a job at a -run BusinessWeek, or just Bloomberg News in general, a job they want?
“According to a BusinessWeek employee, Bloomberg editors ask in interviews, ‘What would you say if I told you that you were going to work for the newswires from seven to seven?’
“In their heads, many BusinessWeek staffers are saying, ‘No thank you!’ But, because they don’t know if this is a test or not, they simply say, ‘okay.’
“Working twelve hour days grinding out news stories would be a radical change of pace for many BusinessWeek employees who’ve gotten accustomed to writing a few stories a week. And that’s if they’re on the web side. On the print side they write even less.”
Read more here.
The American Society of Business Publication Editors named BusinessWeek as the Web site of the year in the 2009 Digital Azbee Awards of Excellence. CIO, InfoWorld, and TechRepublic earned honorable mentions.
One of the judges stated that BusinessWeek’s Web site had a strong, clean interface with consistent page elements that led to positive user experience.
The top Multi-Platform award went to Today’s Garden Center. One judge commented that the branding is consistent in both print and online and that the content was complementary to each platform. The judge also remarked that the online content is interesting and easily navigable. The honorable mentions for the Multi-Platform award went to Greenhouse Grower and Realtor.
ASBPE also presented awards in 15 new categories including best podcast, slide show, video and blog. The awards were announced on Nov. 6 during the luncheon at ASBPE’s first Digital Symposium at the San Francisco Hyatt Airport.
For more information, and to see a full list of winners, please visit ASBPE’s Web site.
Bloomberg LP’s Norm Pearlstine sent a memo Thursday to BusinessWeek‘s staff noting thatÂ the magazine’s two executive editors and its managing editor would remain with the publication after it is sold to Bloomberg at the end of the month.
Ellen Pollock and John Byrne are the executive editors, while Ciro Scotti is the managing editor. Editor in chief Steve Adler already announced he’s leaving.
Roger Neal, the senior vice president and general manager of BusinessWeek.com, is leaving, according to the memo.
The memo reads:
“We are pleased to bring you a report on progress as we work toward the December 1 integration.
“Foremost on our minds are issues involving people, and we are striving to make this process as transparent and expeditious as possible. Bloomberg expects to retain a majority of BusinessWeek’s employees. Each business area will follow a somewhat different selection approach, except in Europe and certain countries where local requirements govern the process. Look for a communication shortly for details in your area. Our goal is to provide clarity around post-integration roles by November 20.
“In terms of the leadership organization, we are pleased to announce that Jessica Sibley, Carl Fischer and Tania Secor will join Bloomberg.Â Jessica will serve as Publisher of BusinessWeek, overseeing print and digital ad sales. Carl will be head of Marketing and Communications, and Tania will have an expanded finance role with Bloomberg News that will include Bloomberg Markets and BusinessWeek. We will make additional announcements about leadership in the near future.
“We continue with the selection process for a new Editor-in-Chief and are pleased that Ellen Pollock, John Byrne and Ciro Scotti will continue in their editorial leadership roles.
“Roger Neal has informed us of his decision not to join the integrated company. We are grateful for the tremendous foundation that he has built for the digital properties. Roger’s Digital team will report to Bloomberg’s Kevin Krim.
“Looking at facilities, we expect to move all BusinessWeek offices and bureaus globally (except New York and Austin, Texas) to existing Bloomberg offices on December 4. Employees based in New York will continue to work at 1221 Avenue of the Americas until space is available at Bloomberg’s 731 Lexington Avenue building. Details will be provided by office as they become available.
“In the U.S., BusinessWeek staff members who join Bloomberg will receive a paper paycheck on December 15 to provide income continuity, particularly during the holidays. Since this will be a special, out-of-cycle payment, we cannot accommodate direct deposit. FICA deductions will restart with the move to Bloomberg’s payroll.Â Going forward, most new employees will be paid on a monthly basis. The balance of December pay will be made on January 4, 2010.
“Additionally, BusinessWeek staff members in the U.S. will remain on the McGraw-Hill medical, dental and vision plans through year-end but, in keeping with Bloomberg’s benefit plan, will not pay a premium. In December, we will conduct an open enrollment for new employees to enroll in Bloomberg’s health and insurance plans for 2010.
“Answers to a range of additional questions about expenses, mobile devices, flexible spending accounts, supplies, technology and other issues, are forthcoming.
“We look forward to meeting many of you at information sessions over the next few weeks.”
TALKING BIZ NEWS EXCLUSIVE
Bloomberg LP is expected to announce who will be the next editor of BusinessWeek magazine before its deal to acquire the weekly closes on Dec. 1, according to Bloomberg staffers who attended a meeting Tuesday about the deal.
Current editor Steve Adler resigned a week after the deal was announced. Candidates include journalists from within BusinessWeek, within Bloomberg, and outside both entities, according to those at the meeting.
The meeting was conducted by Norm Pearlstine, the former head of Time Inc. magazines and former managing editor of The Wall Street Journal who is now at Bloomberg and will become chairman of BusinessWeek when the deal closes.
“I have to admit, in terms of his comfort level, he seemed the most in his element talking about this project than anything else I’ve heard him speak” about, said one Bloomberg staff member.
There was also talk of increasing the number of pages for editorial content in BusinessWeek, and a discussion of how much of the BusinessWeek staff would remain after the deal closes. The indication from Pearlstine was that he didn’t see much of a staff reduction, if any.
Pearlstine also discussed how BusinessWeek and Bloomberg would integrate their editorial content.
Pearlstine used the example of a BusinessWeek staff member interviewing Dell CEO Michael Dell. If the interview resulted in breaking news, then that story would appear on Bloomberg. But if the interview resulted in a broader story about Dell’s corporate strategy, then it would hold the story for the magazine.
In addition, Pearlstine praised BusinessWeek’s coverage of management issues and technology, and there was some discussion as to how its Web site fits into changes underway at Bloomberg.com, which is being repositioned to attract more of an upper management readership.
Ives writes, “The job cuts, another buyer said, won’t help in that effort. ‘By cutting their staff in any significant way, they’re really hurting the product in the long run,’ said Audrey Siegel, exec VP-director of client services at TargetCast, the independent media agency. T’here are fewer and fewer people qualified to make the sales calls. We’re looking for more and more in-depth conversations about the business and how we can partner. We’re not looking for anyone to sell us pages.’
“Readers are the other factor asserting new importance. Fortune is testing the proposition that its readers don’t care much about the current frequency, cutting its schedule to 18 higher-polish issues every year from 24 now. That also means a de facto subscription-price increase, because subscription prices are staying the same while the number of issues falls 28%.
“That should help undo the decline that Fortune, like Forbes, has seen in readers’ contribution. Fortune netted 83Â¢ per copy from subscribers last year, down from 90Â¢ in 2007 and $1.43 in 2003. ‘Over the years they went to a model that doesn’t ask the reader to pay their fair share,’ said Ms. Siegel. ‘They were really reliant on advertisers. And when the bottom fell out — when certain categories such as technology, finance and luxury goods really pulled back — the magazines were left holding the bag.’
“Media buyers generally like the idea of charging readers more. ‘It’s just creating a better balance from your revenue sources and overall should make for a healthier business model,’ Mr. Kruse said.”
Read more here.
Bloomberg editor in chief Matthew Winkler interviewed with ContentSutra.org, an Indian media site, about the company’s plans in India, but he also discussed plans for BusinessWeek magazine, which the company is acquiring.
Here is an excerpt:
What is your editorial vision for BusinessWeek, which Bloomberg recently acquired? How do you plan to integrate the two operations and offerings and when does this process begin?
BusinessWeek is a unique platform in global media that has had an exceptional history of path breaking business reporting around the world. We are fortunate to have been given the opportunity to combine Bloomberg and BusinessWeek. We are going to share a great deal of BusinessWeek content on Bloomberg and Bloomberg Media. We also value the journalistic values the magazine brings, which are entirely compatible with our own values. Importantly, there isnâ€™t a great deal of overlap between the two (Bloomberg and BW).
BusinessWeek is a terrific consumer media platform in journalism and combining that with Bloomberg platforms that are professional, would be a wonderful step forward forward for this company.
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Lowry writes, “Fox, 44, informed colleagues of his decision in a staff memo Friday afternoon, less than three weeks after McGraw-Hill announced it had reached an agreement to sell BusinessWeek to Bloomberg LP.
â€œ’I am proud that I played a role in ensuring that BusinessWeek has a new home at Bloomberg, where it will thrive under the leadership of Norman Pearlstine,’ Fox told staffers (see full memo below). ‘I am committed to the transition and helping in any way that I can.’ A veteran of McGraw-Hill, Fox did not specify the new role he will play at the company. He said he will take on new responsibilities in 2010, after assisting the BusinessWeek team with the transition to Bloomberg. The sale is expected to close in early December.
“Foxâ€™s resignation from his post follows a similar announcement from BusinessWeek editor-in-chief Stephen J. Adler, who told staff on Oct. 22 that he was stepping down. ‘Keith has been an extraordinary leader in the most difficult of times. He built a stellar business team, created a culture that combined high performance with exceptional collegiality, and won the respect and affection of the entire staff,’ Adler said of Fox on Friday. ‘To me, he was the ideal collaborator and the most generous of colleagues.’”
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