Tag Archives: BusinessWeek

BusinessWeek staff moves: 3rd update

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Here are some more decisions made at BusinessWeek about its future staff once it is acquired by Bloomberg LP next month.

The previous list had gotten too long, according to some, to track.

1. Cliff Edwards, a correspondent in the Silicon Valley bureau, where he covers Intel, the semiconductor industry, handheld- and consumer-electronics companies, has been offered a job.

2. Reena Jana, the innovation department editor, is leaving the magazine. Prior to this position, she was a staff writer at BusinessWeek.com, covering innovation and design.

3. Tom Giles is going back to Bloomberg, but will continue in his BusinessWeek job. Giles is editor of BusinessWeek.com’s Technology & Science channel, based in Silicon Valley. Before joining BusinessWeek.com in August 2005, he was deputy technology team leader at Bloomberg News, where he spent more than eight years.

4. Roben Farzad is staying with the magazine. He is a senior writer who covers finance and Wall Street who previously worked at Goldman Sachs.

5. Nanette Byrnes is also staying with the new Bloomberg BusinessWeek. She has been a senior writer since March 2003, specializing in corporate finance and management. She was previously associate editor, Corporations department editor, and a finance correspondent in the Los Angeles bureau.

6. Emily Thornton will be joining Daniel Hertzberg‘s finance team at Bloomberg News. Thornton has been a senior writer at the magazine. Previously, she was an associate editor, investment banking editor, and Tokyo correspondent

Click here for the earlier list, which had information on those staying and going through noon Friday.

The future BusinessWeek will look like….

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Former BusinessWeek staff member Gary Weiss blogs Friday about what the magazine will look like once its sale to Bloomberg is complete, in the wake of the layoffs at the publication in the last two days.

Weiss writes, “It’s not even clear to what extent the new BW will have its own writing staff. Higher-level editors are being retained for the magazine, but so far I haven’t heard of any BW writers being retained to work exclusively for the magazine. This is crucial to the magazine’s identity, if one cares about such things.

“I’ve heard from multiple sources that the new BW will use the Bloomberg wire’s staff to cover Wall Street and finance, and that the people in my old department who have been retained will be going to the wire, not the magazine. Stock market columnist Gene Marcial is being let go, along with the rest of the magazine’s columnists. He had a substantial following, surviving previous layoffs that had already gutted the staff, but he’s history.

“The impression I get is that BW people are a bit in a state of shock over the extent to which the staff is being gutted. Can’t say I blame them. But it was obvious from the moment BW was put up for sale that this outcome was always in the cards. The fault, dear Brutus, is not in their stars, but in Terry McGraw.”

Read more here.

BusinessWeek library to close

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TALKING BIZ NEWS EXCLUSIVE

The information services department at BusinessWeek — the library where researchers found information for reporter’s stories — is being closed as part of the magazine’s sale to Bloomberg.

Those losing jobs as of Dec. 1 are director Jamie B. Russell, deputy manager Susann Rutledge, technology manager John Cady and researchers David Polek and Susan Zegel.

In an e-mail to friends that was obtained by Talking Biz News, Russell wrote, “We’ve had a great run, and I think/hope my staff — the best in the business — will land on their feet. But it’s a tough time for all — as if you hadn’t noticed.

“Personally — I’ll be launching my new career as a textile mogul!

“Stay tuned — and thanks for all your support over the years as I’ve whined about this being imminent. If you wait long enough…:-)”

Earlier this year, The Wall Street Journal also closed its research library.

More on BusinessWeek staffing decisions

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TALKING BIZ NEWS EXCLUSIVE

Here are more of the staffing decisions made at BusinessWeek as the magazine prepares to be sold to Bloomberg LP early next month.

Those staying have been offered jobs at the magazine or at Bloomberg News. Those leaving were offered severance:

STAYING

1. Suzanne Woolley: A senior editor who covers personal finance, Woolley is in her second stint at BusinessWeek. She also was a senior writer and a senior editor at Money magazine.

2. David Welch: The Detroit bureau chief will be writing for BusinessWeek going forward and contributing to Bloomberg’s auto coverage. He previously was the auto writer for the Detroit News.

3. Burt Helm: The marketing department editor was previously with BusinessWeek Online. He has also worked at Inc. and Maxim, and is a Yale University graduate.

4. David Rocks: He has been the senior editor for global news, overseeing the foreign correspondents. Prior to taking his current job, Rocks was Asia editor for four years, leading coverage in Asia and writing his own stories about technology, politics, design trends, and more.

5. David Henry: Henry is a senior writer in the finance section and a former associate editor at the magazine. He joined the magazine in 2001 from USA Today, where he was the Wall Street columnist.

6. Michelle Conlin: Another senior writer, Conlin covers the “working life,” a beat that includes the culture of work, social issues, work-life trends, and the labor market.

7. Peter Elstrom: An assistant managing editor at the magazine, he oversees tech coverage. Elstrom was also once the news director for BusinessWeek.com, and he has been a senior editor, associate editor and senior writer.

8. Spencer Ante: An associate editor who joined the magazine in 2000 from TheStreet.com. Ante has also been computers department editor and is the author of “Creative Capital.”

9. Tara Kalwarski: Kalwarski is department editor of the Numbers section and writes for the Personal Business section too. She was assistant managing editor at Financial Week.

10. Arik Hesseldahl: A technology writer for BusinessWeek.com. In addition, he writes the Byte of the Apple column. Previously, Hesseldahl was a senior editor and technology columnist at Forbes.com.

11. John Carey: A senior correspondent in the Washington bureau who has covered science, technology, medicine, health, and the environment for the magazine since 1989. Carey was an editor for The Scientist and worked at Newsweek.

12. Amy Feldman: An associate editor at the magazine. She is an award-winning writer and journalist with more than 15 years’ experience writing about business.

13. Ben Levisohn: Moving to Bloomberg News operations. He is a staff editor in the finance department covering finance and personal finance. He is a CUNY Graduate School of Journalism alum.

GOING

1. Pete Engardio: A well-regarded senior writer who has been working for the magazine since 1985. In 1996, he moved to New York and was editor of the Asian edition from 1998 to 2001. In 2003, Engardio received George Polk, Loeb, and Sigma Delta Chi awards. He was part of a team that won a 1998 Overseas Press Club Award.

Engardio says he has no firm plans, but he would like to continue writing about the “changing global economy and what it means for business.” He can be reached at pengardio@yahoo.com.

2. Dean Foust: The Atlanta bureau chief for the past 11 years. Previously, he covered the Federal Reserve from the magazine’s Washington bureau and continues to contribute regularly to coverage of economics and finance.

3. Amy Barrett: A senior correspondent with BusinessWeekSmallBiz, Barrett had also been the Philadelphia bureau chief for nine years, covering pharmaceuticals. She has been with the magazine since 1992.

4. Jena McGregor: The management department editor has been with BusinessWeek since 2005. She previously worked for Fast Company and Smart Money.

5. Hardy Green: Green is an associate editor at the magazine, a title he has had since 2003. He previously was books editor and a copy editor with the weekly.

6. James Cooper: Cooper is a senior editor and senior economist and writes the influential Business Outlook column. Cooper joined the magazine in 1980 and was named Business Outlook Editor in 1988, before rising to his present position in 2001.

7. Kathy Moore: A senior photo editor who has been at the magazine for more than 20 years. She was the photo editor for BusinessWeek SmallBiz since it started.

8. Peter Carbonara: A senior writer in the finance department who has been with the magazine for little more than a year. Carbonara says, “I’m a a 48-year-old feature writer and editor with 25 years of experience, including stints at Fortune, Money, The American Lawyer, Spin and public television. I am leaving journalism to make a living as a big band rhythm guitarist.  I’m also available for house painting and yard work.”

Carbonara can be reached at petercarbonara@verizon.net.

See here for earlier coverage of those staying and going.

Layoffs begin at BusinessWeek

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TALKING BIZ NEWS EXCLUSIVE

Layoffs have begun at BusinessWeek, as many long-time staffers have been told they won’t be moving on with the magazine — or with the wire service — when it is acquired by Bloomberg LP.

Among those leaving are senior writer Stephen Baker and senior writer Steve Hamm, Technology & You columnist Steve Wildstrom, personal finance editor Lauren Young, media columnist Jon Fine and engagement editor Shirley Brady.

Wildstrom, Fine and Brady posted notes on Twitter about their departures on Dec. 1. Fine was already on a sabbatical.

Also leaving are Seattle bureau chief Jay Greene, San Francisco bureau chief Rob Hof and associate editor Heather Green.

Hardest hit appear to be areas where Bloomberg and BusinessWeek’s coverage overlap, such as columnists, as well as graphics and copy editing. The mood on the 43rd floor of the McGraw-Hill building Thursday was funereal, with one staffer describing executive editor Ellen Pollock‘s face as “ashen.”

Baker, who was hired to open a Mexico City bureau in 1987, posted on his blog, “I just took the elevator to the 46th floor and got my termination from BusinessWeek. Bloomberg has not offered me a job, and I’ll be leaving this one, after nearly 23 years, on Dec. 1.

“This was not a big surprise for me. I had made clear my mixed feelings. So off I go. It doesn’t mean I won’t be sad to leave, and today is a wrenching day to be in our offices. People troop upstairs and come back carrying different kinds of envelopes.”

Hamm told Talking Biz News: “I will miss the culture of BusinessWeek, with its smart and collegial people. I think the acquisition is good for BusinessWeek and for its readers because it will keep serious, long-form journalism alive. As for me, please buy my book, ‘The Race for Perfect: Inside the Quest to Design the Ultimate Portable Computer.’”

Wildstrom was surprised by his notice. He said he has “no plans yet, since up until this morning, everything I had heard had suggested very strongly that I would be staying. So I had been devoting my efforts to planning the transition to Bloomberg rather than to the rest of my life — a mistake, of course, as it turned out.”

Brady is the engagement editor. Hired in 2008, Brady came from a seven-year run at now-defunct CableWorld, spending her last 16 months there as editor of Cable360.net. Brady, whose sister Diane is a BusinessWeek senior editor and is remaining on board, oversaw new sections such as Dialogue with Readers, which is intended as a forum for conversations between reporters and editors and readers.

“I’ve had a great time helping BW explore some new frontiers,” said Brady in an e-mail to Talking Biz News. “And I’ve had one of the best gigs in journalism so I was lucky as hell to land this amazing opportunity, and I’m leaving with great friendships, invaluable hands-on experience in a truly unique role, and the utmost respect for BW’s journalism, journalists and the brand’s value within business journalism, magazines and online.”

Before joining BusinessWeek in 2003, Young had a similar beat as a senior writer at SmartMoney. She also covered mutual funds and capital markets for Dow Jones News for three years and was a frequent contributor to The Wall Street Journal. Young is a 1989 honors graduate of Penn State University, and she received her master’s in journalism from Northwestern University in 1993. She was awarded the 2003 Northwestern University Alumni Assn. Service Award.

Also leaving is Damian Joseph. Joseph is an innovation and design writer who joined the magazine in 2007, after earning a master’s degree from the Medill School of Journalism at Northwestern University. Joseph told Talking Biz News his plans are to “have a glass of whiskey and watch Karate Kid as I evaluate my options.”

Another leaving is Amy Choi, according to her Twitter post.  Choi is a staff writer for BusinessWeek SmallBiz in New York. She was previously an editor with Women’s Wear Daily and Commercial Property News.

Greene, the Seattle bureau chief, has worked at the magazine since 2000. His first book, “Design is how it works,” will be available from Portfolio, Penguin Group’s business book imprint, in July 2010.

“I get to focus on my book now, which is a good thing,” Greene told Talking Biz News. “I just got the first edit back on my manuscript. I’ll have some time to work on it now. So that’s nice.”

Green started at BusinessWeek in 1997, writing about digital media, the wireless Internet, and consumer gizmos. Prior to the magazine, Green worked for three years at Bloomberg, where she covered the Internet.

Among those staying are assistant managing editor Rob Hunter and corporation editor Matthew Boyle. Senior writer Cathy Arnst will be staying with Bloomberg News. Ron Grover, the Los Angeles bureau chief, says he is staying with the magazine as well.

More to come. If you are a BusinessWeek staffer who wants to share your news, you can send an e-mail to croush@email.unc.edu.

BusinessWeek staff cuts to total 100

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Shira Ovide of The Wall Street Journal reports that Bloomberg LP plans to cut BusinessWeek‘s staff by 100 or more positions, or roughly 25 percent of the total employees, when it acquires the business magazine early next month.

Ovide reports, “Small numbers of layoffs already have been carried out this week, according to these and other people familiar with the matter.

“Some of these people said another reshuffling is likely to occur this spring, when Bloomberg expects to relaunch the magazine and move BusinessWeek into Bloomberg’s headquarters. Some BusinessWeek employees will be asked to work for Bloomberg’s news service, according to people familiar with the matter.

“In recent weeks, BusinessWeek editorial staffers who wanted to stay after the takeover were asked to submit to Bloomberg their resumes, news clips and 250-word statements about their personal qualifications, according to people familiar with the matter.

“The contenders for the top editor post were asked to write six-page memos outlining how they would integrate BusinessWeek and Bloomberg, according to people familiar with the matter.”

Read more here.

A brief chat with new BW editor: "I need help" from staff

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Tom Lowry of BusinessWeek interviewed incoming editor-in-chief Josh Tyrangiel about his career and the magazine.

Lowry writes, “In a brief interview, Tyrangiel, 37, says he plans to meet soon with BW staffers as a group and individually to gather their input so ‘we can formulate a strategy for the magazine together.’ Tyrangiel has been serving as a deputy managing editor of Time magazine and as the top editor of its online operations.

“While he earned kudos for his work online at Time, Tyrangiel says he is committed to long-form journalism in print. ‘Listen, the big mistake magazines made was trying to imitate the Web,’ he said. ‘Magazines are read reclining, and that lends itself to longer, more in-depth stories.’

“Tryangiel has edited business stories in the past but he acknowledged that he is not a traditional business journalist. He says his background is an ‘opportunity’ for the magazine. ‘I need help,’ he said, ‘and I am going to rely on the staff. I want the staff to stay in their lanes and be experts on their subjects.’”

Read more here.

BW staffers warily optimistic about new editor Tyrangiel

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TALKING BIZ NEWS EXCLUSIVE

BusinessWeek staff members who spoke on background to Talking Biz News on Tuesday about the naming of its new editor in chief expressed some optimism about Josh Tyrangiel taking on the spot when Bloomberg LP closes its deal to acquire the magazine.

Current editor Stephen Adler announced last month he would step down when the deal was completed. That’s expected early next month.

The biggest topic of discussion about Tyrangiel is his lack of business journalism experience. He has been a deputy managing editor at Time and managing editor of Time.com, and he also worked at Vibe and Rolling Stone.

“People are saying it’s good to have a non-geek running the magazine as a counterweight to Winkler,” said one staffer, referring to Bloomberg editor-in-chief Matthew Winkler, who has been in business journalism for his entire career, working at The Wall Street Journal before joining Bloomberg two decades ago.

Others said that the lack of business news experience was a cause for concern. A number of pop music jokes were made Tuesday morning at the magazine’s editor’s meeting in reference to Tyrangiel’s Rolling Stone and Vibe stints.

“General feeling that he’ll be second-fiddle to Norm on any important decisions,” said one BusinessWeek editor, referring to Bloomberg’s Norman Pearlstine, who is the company’s chief content officer and former Time editor. “But also excitement about him bringing a new perspective to the BW brand and excitement and vigor.”

Said one staffer: “People were joking that we’re going to have to get hip to the downtown music scene. Other than that, people seem intrigued and hopeful. Right now we just want to know more about the guy.”

Added another: “There have been jokes about wearing leather to work, but we’re all very optimistic. He sounds like he’s really highly regarded at Time.”

The editorial staff will find out its fate on Thursday, when they will hear whether they have jobs at the magazine going forward.

“Really, everyone’s so wrung out and exhausted from waiting to hear our fate,” said one staff member. “It’s nice to know who the editor is, but really we’re waiting until Thursday to find out if we even have jobs. So we’d probably be more excited about it if we knew we were even going to be part of the new magazine! But we don’t yet.”

Tyrangiel is smart pick

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Marketwatch.com media columnist Jon Friedman likes the selection of Josh Tyrangiel as the new editor of BusinessWeek magazine.

Friedman writes, “Tyrangiel, deputy managing editor of Time magazine and managing editor of Time.com, brings a strong skill set to the task, particularly because he knows his way around the Internet. Stephen Adler, BusinessWeek’s top editor, recently said he would be leaving the magazine, paving the way for a new voice.

“Increasingly, many of the coveted leadership positions in the media industry are going to journalists who have excelled on the Web by breaking news and telling stories across multimedia platforms.

“Tyrangiel inherits a tough job, though. Bloomberg is taking over BusinessWeek at a time when weekly news magazines are having a difficult time staying out of the red. Plus, BusinessWeek has been viewed as a dinosaur in the digital age.”

Read more here.

Tyrangiel named BW editor

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Bloomberg L.P. announced Tuesday that Josh Tyrangiel would be appointed editor of BusinessWeek magazine upon completion of its previously announced acquisition of the magazine.

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 magazine’s business, technology and political coverage while managing the magazine’s staff.

He built the Web site from 400 million page views in 2006 to an estimated 1.8 billion page views during 2009. During  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, Bloomberg’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.’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 BusinessWeek’s talented editorial team as we create the world’s most influential and indispensable business magazine,” Tyrangiel said in a statement.

Read more here.