Bloomberg Businessweek is an American weekly business magazine
Bloomberg L.P. Businessweek was founded in 1929. The
magazine was created to provide information and interpretation about
what was happening in the business world. It is headquartered in
New York City. Megan Murphy was appointed editor of the magazine in
November 2016. She stepped down from the role in January 2017. Joel
Weber was appointed in her place. The magazine is published 47 times a
Bloomberg L.P. acquisition
2 Recent history
Business school rankings
4 Additional versions
5 Honors and awards
6 Name and spelling history
7 See also
9 External links
Businessweek was first published in September 1929, weeks before the
stock market crash of 1929. The magazine provided information and
opinions on what was happening in the business world at the time.
Early sections of the magazine included marketing, labor, finance,
management and Washington Outlook, which made Businessweek one of the
first publications to cover national political issues that directly
impacted the business world.
Businessweek was originally published to be a resource for business
managers. However, in the 1970s, the magazine shifted its strategy and
added consumers outside the business world. Since 1975,
Businessweek has carried more annual advertising pages than any other
magazine in the United States.
Stephen B. Shepard served as editor-in-chief from 1984 until 2005 when
he was chosen to be the founding dean of the CUNY Graduate School of
Journalism. Under Shepard, Businessweek's readership grew to more than
six million in the late 1980s. He was succeeded by Stephen J. Adler
of The Wall Street Journal.
Bloomberg L.P. acquisition
Businessweek suffered a decline during the late-2000s recession as
advertising revenues fell one-third by the start of 2009 and the
magazine's circulation fell to 936,000. In July 2009, it was reported
McGraw-Hill was trying to sell Businessweek and had hired
Evercore Partners to conduct the sale. Because of the magazine's
liabilities, it was suggested that it might change hands for the
nominal price of $1 to an investor who was willing to incur losses
turning the magazine around.
In late 2009,
Bloomberg L.P. bought the magazine—reportedly for
between $2 million to $5 million plus assumption of
liabilities—and renamed it Bloomberg BusinessWeek. It is now
McGraw-Hill received the high end of the speculated price, at
$5 million, along with the assumption of debt. Currently, the
magazine still loses $30 million per year, about half of the
$60 million it was reported losing in 2009. Adler resigned as
editor-in-chief and was replaced by Josh Tyrangiel, who had been
deputy managing editor of Time magazine. In early 2010, the
magazine title was restyled
Bloomberg Businessweek (with a lowercase
"w") as part of a redesign.
Megan Murphy is the third editor of the magazine in the eight years of
Bloomberg ownership. The magazine is reportedly losing between
$20-$30 million a year. In June 2017, the magazine underwent
substantial changes, taking it more upmarket and closer to peers such
as The Economist. The graphic design became more serious/less playful
and various sections such as "Etc." were dropped.
Business school rankings
Since 1988, Businessweek has published annual rankings of United
States business school MBA programs. In 2006, it also started
publishing annual rankings of undergraduate business programs.
International editions of Businessweek were available on newsstands in
Europe and Asia until 2005 when publication of regional editions was
suspended to help increase foreign readership of customized European
and Asian versions of Businessweek's website. However, the same
year the Russian edition was launched in collaboration with Rodionov
At the same time, Businessweek partnered with InfoPro Management, a
publishing and market research company based in Beirut, Lebanon, to
produce the Arabic version of the magazine in 22 Arab countries.
Bloomberg Businessweek continued the magazine's international
expansion and announced plans to introduce a Polish-language edition
Bloomberg Businessweek Polska, as well as a Chinese edition
which was relaunched in November 2011.
Bloomberg Businessweek launched an iPad version of the magazine using
Apple's subscription billing service in 2011. The iPad edition
was the first to use this subscription method, which allows one to
subscribe via an iTunes account. There are over 100,000
subscribers to the iPad edition of Businessweek.
Honors and awards
Bloomberg Businessweek as the top business
magazine in the country. In 2012,
Bloomberg Businessweek won the
general excellence award for general-interest magazines at the
National Magazine Awards. Also in 2012, Bloomberg Businessweek
Josh Tyrangiel was named magazine editor of the year by Ad
Age. In 2014,
Bloomberg Businessweek won a Society of American
Business Editors and Writers Best in
Business award for magazines,
Name and spelling history
Business Week (name at founding)
Business Week and later BusinessWeek (names under McGraw-Hill
Bloomberg BusinessWeek (initial name under Bloomberg ownership)
Bloomberg Businessweek (current name, used since 2010)
International Design Excellence Awards
List of United States magazines
^ "History & Facts".
Bloomberg L.P. Retrieved April 27,
^ a b "
McGraw-Hill trying to sell BusinessWeek". Reuters. July 13,
2009. Retrieved July 22, 2011.
^ a b Alpert, Lukas I. (2016-11-17). "Bloomberg Changes Businessweek
Leaders, Ends Political TV Program". Wall Street Journal.
ISSN 0099-9660. Retrieved 2016-12-04.
^ "A historical perspective of Businessweek, sold to Bloomberg".
Talking Biz News. Retrieved August 14, 2010.
^ Jackson, Kenneth T.; Keller, Lisa; Flood, Nancy V., eds. (2010). The
New York City
New York City (2nd ed.). New Haven: Yale University
Press; New‑York Historical Society. p. 957.
ASIN B0063CU5RW. ISBN 978-0-300-18257-6.
LCCN 2010-31294. OCLC 842264684. OL 25891135M.
^ Moeller, Philip (July 31, 1988). "Controlling 'insider' information
is impossible". Toronto Star. Retrieved July 22, 2011.
^ Steinberg, Jacques (December 7, 2004). "BusinessWeek Chooses
Outsider as Editor in Chief". The New York Times. Retrieved July 22,
^ Edgecliffe-Johnson, Andrew (July 13, 2009). "
Business Week sale may
fetch only $1". Financial Times. Retrieved April 1, 2013.
^ "Bloomberg to take over BusinessWeek". MSNBC. Associated Press.
October 13, 2009. Retrieved July 22, 2011.
^ Lowry, Tom (October 13, 2009). "Bloomberg Wins Bidding For
BusinessWeek". BusinessWeek. On Media (blog). Retrieved April 13,
^ Bond, Shannon (December 10, 2014). "Bloomberg believes in
Businessweek as a model". Financial Times. Retrieved October 13,
^ Clifford, Stephanie (November 18, 2009). "Deputy at Time Magazine to
Be BusinessWeek Editor". The New York Times. p. B3. Retrieved
July 22, 2011.
^ Klenert, Josh (April 26, 2010). "
Bloomberg Businessweek Redesign".
Society of Publication Designers. Retrieved April 13, 2011.
Business School Rankings". BusinessWeek. Archived from
the original on June 3, 2007. Retrieved January 23, 2007.
^ "Undergrad Rankings 2010". BusinessWeek. Archived from the original
on May 4, 2010. Retrieved April 10, 2010.
^ "BusinessWeek Announces Repositioning in Global Markets". The
McGraw-Hill Companies. Archived from the original on July 12, 2012.
Retrieved November 24, 2010.
^ "Businessweek and Rodionov Publishing House to Launch Russian
Edition of Businessweek in Fall 2005". Media onLine. March 1, 2005.
Retrieved February 17, 2017.
^ "Arabic edition of BusinessWeek hits newstands". The Daily Star.
Lebanon. Retrieved July 22, 2011.
Business magazines look overseas for growth". BtoB Media Business.
Archived from the original on July 26, 2011. Retrieved July 22,
^ "Report: China Magazine Industry Booming". Min Online. Retrieved
March 7, 2012.
^ Lu Chang (December 17, 2011). "Magazine industry soars". China
Daily. Retrieved September 7, 2014.
^ "Bloomberg Businessweek+ on the App Store". App Store. Retrieved
October 13, 2017.
Bloomberg Businessweek Magazine Subscription". Businessweek
Subscribe. Retrieved October 13, 2017.
^ "Bloomberg Businesweek Underwhelms With iPad App (Demo)".
TechCrunch. Retrieved April 11, 2011.
Bloomberg Businessweek to launch first iPhone app". New Media Age.
Retrieved March 7, 2012.
^ Moses, Lucia (December 5, 2011). "Hot List: Magazines See what
magazine brands are taking chances and embracing change". Adweek.
Retrieved May 22, 2015.
^ Pompeo, Joe (May 4, 2012). "At the often stodgy National Magazine
Awards, best disruptor of decorum goes to a 'lucky' guy from Dallas".
Capital New York. Retrieved May 22, 2015.
^ Dumenco, Simon (October 15, 2012). "Ad Age's Magazine A-List: Josh
Tyrangiel Is Editor of the Year". Ad Age. Retrieved May 22,
^ "Best in
Business contest results, 2014 contest year". Society of
Business Editors and Writers. Retrieved May 22, 2015.
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