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Bloomberg Businessweek

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Bloomberg Businessweek
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{{short description|American weekly business magazine based in New York City}}{{Use mdy dates|date= December 2017}}







factoids
| circulation_year = 2018| category = Business| company = Bloomberg L.P.| publisher = New York City >New York, NY| language = Englishweblink}}| issn = 0007-7135}}Bloomberg Businessweek is an American weekly business magazine published since 2009 by Bloomberg L.P. Businessweek, founded in 1929,NEWS, McGraw-Hill trying to sell BusinessWeek, July 22, 2011,weblink Reuters, July 13, 2009, aimed to provide information and interpretation about events in the business world. The magazine is headquartered in New York City. The magazine is published 47 times a year.{{cn|date=May 2019}}

History

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.WEB, A historical perspective of Businessweek, sold to Bloomberg, August 14, 2010,weblink Talking Biz News, 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. As of 1975, the magazine was carrying more advertising pages annually than any other magazine in the United States.BOOK, The Encyclopedia of New York City,weblink Yale University Press; New‑York Historical Society, 2010, 957, Kenneth T., Jackson, Lisa, Keller, Nancy V., Flood, New Haven, 2nd, 978-0-300-18257-6, 2010-31294, 842264684, 25891135M, Businessweek began publishing its annual rankings of United States business school MBA programs in 1988.WEB,weblink BusinessWeek Business School Rankings, BusinessWeek,weblink" title="web.archive.org/web/20070603221452weblink">weblink June 3, 2007, yes, January 23, 2007, 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.NEWS, Controlling 'insider' information is impossible, July 22, 2011,weblink Toronto Star, Philip, Moeller, July 31, 1988, He was succeeded by Stephen J. Adler of The Wall Street Journal.NEWS, BusinessWeek Chooses Outsider as Editor in Chief, July 22, 2011,weblink The New York Times, Jacques, Steinberg, December 7, 2004, In 2006, Businessweek started publishing annual rankings of undergraduate business programs in addition to its MBA program listing.WEB,weblink Undergrad Rankings 2010, BusinessWeek,weblink" title="web.archive.org/web/20100504090914weblink">weblink May 4, 2010, yes, April 10, 2010,

Recession and Bloomberg LP acquisition

Businessweek suffered a decline in circulation 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 that 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.NEWS, Business Week sale may fetch only $1, Andrew, Edgecliffe-Johnson, July 13, 2009, April 1, 2013,weblink Financial Times, subscription, In late 2009, Bloomberg L.P. bought the magazine—reportedly for between $2{{nbsp}}million to $5{{nbsp}}million plus assumption of liabilities—and renamed it Bloomberg BusinessWeek.WEB, Bloomberg to take over BusinessWeek, October 13, 2009, July 22, 2011,weblink Associated Press, MSNBC, WEB, Tom, Lowry, Bloomberg Wins Bidding For BusinessWeek, October 13, 2009, April 13, 2011,weblink BusinessWeek, On Media (blog), It is now believed McGraw-Hill received the high end of the speculated price, at $5{{nbsp}}million, along with the assumption of debt.

2010 - 2018

In early 2010, the magazine title was restyled Bloomberg Businessweek (with a lowercase "w") as part of a redesign.WEB,weblink Bloomberg Businessweek Redesign, Klenert, Josh, April 26, 2010, Society of Publication Designers,weblink" title="web.archive.org/web/20110310035607weblink">weblink March 10, 2011, yes, April 13, 2011, mdy-all, As of 2014, the magazine was losing $30{{nbsp}}million per year, about half of the $60{{nbsp}}million it was reported losing in 2009.WEB,weblink Bloomberg believes in Businessweek as a model, Financial Times, October 13, 2017, Shannon, Bond, December 10, 2014, subscription, Adler resigned as editor-in-chief and was replaced by Josh Tyrangiel, who had been deputy managing editor of Time magazine.NEWS, Stephanie, Clifford, Deputy at Time Magazine to Be BusinessWeek Editor, November 18, 2009, July 22, 2011,weblink The New York Times, B3, In 2016 Bloomberg announced changes to Businessweek, which was losing between $20 and $30 million. Nearly 30 Bloomberg News journalists were let go across the U.S. Europe and Asia and it was announced that a new version of Bloomberg Businessweek would launch the following year. In addition, editor in chief Ellen Pollock stepped down from her position and Washington Bureau Chief Megan Murphy was named as the next editor in chief.NEWS,weblink Bloomberg Changes Businessweek Leaders, Ends Political TV Program, Alpert, Lukas I., 2016-11-17, Wall Street Journal, 0099-9660, 2016-12-04, Megan Murphy served as editor from November 2016; until she stepped down from the role in January 2018 and Joel Weber was appointed by the editorial board in her place.WEB,weblink Bloomberg Businessweek hires a new editor, Tani, Maxwell, 2018-01-04, Business Insider, Insider, Inc, 2019-01-10, Bloomberg Businessweek announced a new editor on Thursday, shuffling its editorial structure.According to three people at Bloomberg, Bloomberg Markets magazine editor Joel Weber will take over the company's flagship Businessweek magazine, succeeding current editor Megan Murphy.,

Additional versions

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.WEB, BusinessWeek Announces Repositioning in Global Markets, November 24, 2010,weblink The McGraw-Hill Companies, yes,weblink" title="archive.is/20120712033344weblink">weblink July 12, 2012, However, the same year the Russian edition was launched in collaboration with Rodionov Publishing House.NEWS, Businessweek and Rodionov Publishing House to Launch Russian Edition of Businessweek in Fall 2005,weblink February 17, 2017, Media onLine, March 1, 2005, 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.WEB, Arabic edition of BusinessWeek hits newstands, July 22, 2011,weblink The Daily Star (Lebanon), The Daily Star, Lebanon, In 2011, Bloomberg Businessweek continued the magazine's international expansion and announced plans to introduce a Polish-language edition called Bloomberg Businessweek Polska, as well as a Chinese edition which was relaunched in November 2011.WEB, Business magazines look overseas for growth, July 22, 2011,weblink BtoB Media Business, yes,weblink" title="web.archive.org/web/20110726001000weblink">weblink July 26, 2011, WEB, Report: China Magazine Industry Booming, March 7, 2012,weblink Min Online,weblink" title="web.archive.org/web/20131011200808weblink">weblink October 11, 2013, yes, mdy-all, NEWS, Lu Chang, Magazine industry soars,weblink September 7, 2014, China Daily, December 17, 2011, Bloomberg Businessweek launched an iPad version of the magazine using Apple's subscription billing service in 2011.WEB,weblink Bloomberg Businessweek+ on the App Store, App Store, October 13, 2017, WEB,weblink Bloomberg Businessweek Magazine Subscription, Businessweek Subscribe, October 13, 2017, The iPad edition was the first to use this subscription method, which allows one to subscribe via an iTunes account.WEB, Bloomberg Businesweek Underwhelms With iPad App (Demo), April 11, 2011,weblink TechCrunch, There are over 100,000 subscribers to the iPad edition of Businessweek.WEB, Bloomberg Businessweek to launch first iPhone app, March 7, 2012,weblink New Media Age,

"The Big Hack"

On October 4, 2018, Bloomberg Businessweek published "The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies", an article by Jordan Robertson and Michael Riley which claimed that China had hacked dozens of technology corporations including Amazon and Apple by placing an extra integrated circuit on a Supermicro server motherboard during manufacturing.NEWS, 2019-05-30, China Used a Tiny Chip in a Hack That Infiltrated U.S. Companies,weblink 4 October 2018, Bloomberg Businessweek, Jordan, Robertson, Michael, Riley, The claims by Bloomberg have been heavily questioned. By 2{{nbsp}}pm on the day of publication, Apple, Amazon, and Supermicro issued blanket denials, which Bloomberg duly reported.WEB,weblink 4 October 2018, The Big Hack: Statements From Amazon, Apple, Supermicro, and the Chinese Government, Within the week, the United States Department of Homeland Security put out a statement to the effect that they saw no reason to question those refutations.WEB,weblink 6 October 2018, Statement from DHS Press Secretary on Recent Media Reports of Potential Supply Chain Compromise, The National Security Agency and Government Communications Headquarters and NCSC also issued similar statements.WEB,weblink DHS and GCHQ join Amazon and Apple in denying Bloomberg chip hack story, ZDNet, Oct 7, 2018,

Honors and awards

In the year 2011, Adweek named Bloomberg Businessweek as the top business magazine in the country.WEB, Lucia, Moses, Hot List: Magazines See what magazine brands are taking chances and embracing change, May 22, 2015,weblink Adweek, December 5, 2011, In 2012, Bloomberg Businessweek won the general excellence award for general-interest magazines at the National Magazine Awards.WEB, Joe, Pompeo, At the often stodgy National Magazine Awards, best disruptor of decorum goes to a 'lucky' guy from Dallas, May 22, 2015,weblink Capital New York, May 4, 2012, Also in 2012, Bloomberg Businessweek editor Josh Tyrangiel was named magazine editor of the year by Ad Age.WEB, Simon, Dumenco, Ad Age's Magazine A-List: Josh Tyrangiel Is Editor of the Year, May 22, 2015,weblink Advertising Age, Ad Age, October 15, 2012, In 2014, Bloomberg Businessweek won a Society of American Business Editors and Writers Best in Business award for magazines, general excellence.WEB, Best in Business contest results, 2014 contest year, May 22, 2015,weblink Society of American Business Editors and Writers,weblink" title="web.archive.org/web/20150521044905weblink">weblink May 21, 2015, yes,

Name and spelling history

  • The Business Week (name at founding)
  • Business Week and later BusinessWeek (names under McGraw-Hill Education ownership)
  • Bloomberg BusinessWeek (initial name under Bloomberg ownership)
  • Bloomberg Businessweek (current name, used since 2010)

See also

References

{{Reflist|30em}}

External links

{{Commons category|Bloomberg Businessweek}} {{Bloomberg}}

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