Josh Tyrangiel To Be BusinessWeek Editor

NEW YORK, Nov. 17 /PRNewswire/ -- Bloomberg L.P. today announced that Josh Tyrangiel would be appointed Editor of BusinessWeek magazine upon completion of its previously announced acquisition of 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 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. Under 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. "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."

Bloomberg L.P. President Daniel Doctoroff said, "Josh Tyrangiel will be a tremendous asset as we build the market presence of BusinessWeek backed by Bloomberg's global multimedia news organization, to create the most compelling business news for the most sought-after readers."

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.

Background on Bloomberg and BusinessWeek

Bloomberg announced on October 13 that it would acquire BusinessWeek from The McGraw-Hill Companies, Inc. At the time of the announcement, Bloomberg L.P. Chairman Peter T. Grauer said, "The acquisition of BusinessWeek will strengthen Bloomberg's online, television and mobile products. Together, the BusinessWeek.com and the BLOOMBERG.COM® Web sites will have more unique visitors than any non-portal business and financial site. We also expect to build BLOOMBERG TELEVISION® content around the powerful BusinessWeek brand and its excellent journalists.

"Bloomberg's universe of market makers and BusinessWeek's readership of decision makers create a powerful audience and a unique value proposition for advertisers. The reporting and analytical resources of Bloomberg and BusinessWeek are unparalleled in their ability to deliver timely, distinctive and credible content to an influential and highly sought-after audience," Grauer added.

About BusinessWeek

BusinessWeek is a global source of essential business insight that inspires leaders to turn ideas into action. Through content, context and collaboration, BusinessWeek moderates global conversations and moves business professionals forward. Founded in 1929 and published by the McGraw-Hill Companies, BusinessWeek magazine is the market leader, with more than 4.7 million readers each week in 140 countries. Local language editions include Chinese, Thai and Bahasa Indonesian. Launched in 1994, BusinessWeek.com is the preeminent provider of daily, essential business news, information, and services to business decision-makers. Business Exchange (http://bx.businessweek.com/) is an innovative online offering that aims to serve the evolving information needs of business professionals.

About Bloomberg

Bloomberg is the world's most trusted source of information for businesses and professionals. Bloomberg combines innovative technology with unmatched analytic, data, news, display and distribution capabilities, to deliver critical information via the BLOOMBERG PROFESSIONAL® service and multimedia platforms. Bloomberg's media services cover the world with more than 2,200 news and multimedia professionals at 146 bureaus in 72 countries. The BLOOMBERG TELEVISION® 24-hour network reaches more than 200 million homes. BLOOMBERG RADIO® services broadcast via Sirius XM Radio and WorldSpace satellite radio globally and on WBBR 1130AM in New York. The award-winning monthly BLOOMBERG MARKETS® magazine, the BLOOMBERG.COM® financial news and information Web site and BLOOMBERG PRESS® books provide news and insight to investors. For more information, please visit http://www.bloomberg.com.

The BLOOMBERG PROFESSIONAL service and data products are owned and distributed by Bloomberg Finance L.P. (BFLP) except that Bloomberg L.P. and its subsidiaries (BLP) distribute these products in Argentina, Bermuda, China, India, Japan and Korea. BLOOMBERG and BLOOMBERG NEWS are trademarks and service marks of Bloomberg Finance L.P., a Delaware limited partnership, or its subsidiaries. All rights reserved.

SOURCE Bloomberg



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