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Posts Tagged ‘BusinessWeek:’

Bloomberg Makes Another Acquisition: Energy Newswire New Energy Finance

nef.jpgTwo months after acquiring BusinessWeek magazine, Bloomberg LP has picked up another acquisition, energy-focused news and data company New Energy Finance.

The company said the new acquisition would help it expand its coverage of the carbon and clean energy markets and industries. “Clean energy and carbon investment will generate significant demand for information, research and analysis over the next decade,” said Bloomberg’s head of global data Beth Mazzeo, in an announcement about the deal. “New Energy Finance and Bloomberg have complementary expertise and data that will help set new standards, increase market liquidity and provide our customers with incomparable investment tools to establish a global framework for these markets.”

No word on whether this new Bloomberg acquisition will face the same sort of layoffs that hit BusinessWeek last month.

Full release, after the jump

Previously: And BusinessWeek Goes To…Bloomberg LP

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BusinessWeek Casualties Use Social Network To Keep In Touch

bloombergbw.jpgAt last night’s mediabistro.com “Social Media and the Customer: Focus on Community Management” panel, former BusinessWeek community editor Shirley Brady revealed that she and veteran reporter Steve Baker had “set up a private Ning network to keep people in the loop” while the magazine was in the midst of being sold by its owner McGraw-Hill, according to our sister blog PRNewser.

Both Brady and Baker were among the 130 people let go from BusinessWeek after Bloomberg LP acquired the pub in October. But the network they set up remains, and ex-staffers now use it stay in touch.

Baker told PRNewser that the group now has several hundred members, mostly made up of BusinessWeek alums.

Read more: BusinessWeek Staffers Used Ning To Communicate During Acquisition –PRNewser

Previously: More On This Week’s BusinessWeek Layoffs, Departing BusinessWeek Tweets

Bloomberg Names New BusinessWeek President

bloombergbw.jpgIt’s been a roller coaster for BusinessWeek since Bloomberg LP bought it in October. After a slew of layoffs and high level voluntary departures, the new Bloomberg BusinessWeek has finally hit newsstands and now the magazine has a new president.

Today, Bloomberg announced the appointment of Paul Bascobert as president of the new Bloomberg BusinessWeek, replacing Keith Fox, who announced in October that he would be staying at former BusinessWeek publisher McGraw-Hill after the magazine moved to its new owner.

Bascobert joins the magazine from News Corp.-owned Dow Jones & Co., where he was chief marketing officer for the company’s Consumer Media Group. He’s had a unique path for a media executive, starting his career as an engineer at car manufacturer GM, and moving on to work in operations, sales and marketing for a number of companies before joining Dow Jones in 2006.

“Within Dow Jones, Paul is known as a collaborative manager who has driven growth across multiple platforms and business units while controlling expenses,” said Norman Pearlstine, Bloomberg BusinessWeek‘s chairman. “His impressive accomplishments coupled with his vision make him Bloomberg BusinessWeek‘s ideal leader.”

Full release after the jump

Previously: BusinessWeek Prez Steps Down From May, Stays On At McGraw-Hill

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NYMag.com Launches Video Distribution|NYTCo. Takes Worcester Paper Off The Market|Bloomberg Seeks More Acquisitions|New York Magazine’s Adam Moss|Stephanie Smith Leaves WWD For P6

WebNewser: NYMag.com announced today that it plans to use Blinkx, Metacafe, Sling Media, YouTube and 1Cast to expand distribution of its original videos, with the partner sites selling advertising against the fare for a revenue share.

New York Times: The New York Times Co. has decided not to sell Massachusetts paper The Worcester Telegram & Gazette.

Financial Times: Bloomberg LP is planning to “aggressively” seek out new acquisitions following its recent purchase of BusinessWeek.

Washington Post: Howard Kurtz profiles New York magazine editor Adam Moss.

Gawker: WWD‘s Stephanie Smith is leaving the media beat to fill Corynne Steindler‘s spot at Page Six.

NewBay Media CEO Steve Palm On New Acquisitions: We’re Looking To Hire, Not Fire Staffers

Steve_Palm.jpgEarlier this week, we learned that publisher NewBay Media had picked up three trade titles from Reed Business Information, Broadcasting & Cable, Multichannel News and TWICE, for an undisclosed amount.

When any publication is sold, the obvious questions surface. Namely, what will happen to the staff? (Just one look at the bloobath at post-Bloomberg BusinessWeek can tip you off to the type of gutting that can occur after a sale.) One tipster told us the staff of the three sold titles would learn their fates by the end of the year. But we had a chance to speak with NewBay’s CEO, Steve Palm (left), who told us that immediate cuts were not expected.

“These titles are complementary to our existing business and we respect and admire the brands and the team that have built these brands and are continuing to work on them,” Palm said. “Our short-term plan is that the team is going to remain where they are right now. We’ve worked in agreement with Reed so that they’ll continue to work out of their existing offices until the end of February and then in March we will locate them in a facility that we’re currently exploring specific locations. In terms of the staff, we’re pleased with where we are at and we see it as complementary. We continue to work with the managers to ensure that we’ve got what we need.”

And as for those rumors about employees getting offers from NewBay by the end of the year? Palm says there are contractual issues that need to be ironed out soon, so staffers will be getting letters “formalizing” their relationship with their new employer.

What’s more, in response to questions about cutting down staff, Palm emphasized the fact that the company may actually be looking to hire as it transitions its new titles into the company.

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Bloomberg Shutters BusinessWeek SmallBiz

smallbiz.jpg2009 has been a tough year for business magazines and small business magazines in particular.

One month after Time Inc. decided to fold its custom publication Fortune Small Business, BusinessWeek‘s new owner, Bloomberg LP, has announced plans to shutter its small business-focused spin-off, BusinessWeek SmallBiz. The final issue of the bimonthly mag will be the December 2009/January 2010 issue, the company said in an announcement today.

The magazine’s coverage will be integrated into BusinessWeek.com’s Small Business Channel and the magazine’s global print edition, chairman Norman Pearlstine said.

The company did not comment on whether the magazine’s closure had any related layoffs, but we suspect last month’s brutal cuts of about 130 people across the BusinessWeek staff may have already taken care of that. If you have any other information, send us an email or leave a a tip in the box at right.

Full announcement after the jump

Previously: More On This Week’s BusinessWeek Layoffs

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The New Bloomberg BusinessWeek

bloombergbw.jpg

Wondering what the new Bloomberg BusinessWeek will look like?

Turns out, not that different from pre-Bloomberg BusinessWeek. The latest cover from the new pub is above, and compared to one from a few weeks ago, there’s not much of a difference — save for the addition of a tiny “Bloomberg” over the title.

What do you think of the (not so) new look?

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Report: Thomson Reuters To Cut 240 From Legal Division

westlaw.jpgOne day after former BusinessWeek editor Stephen Adler was named editorial director of Thomson Reuters‘ Professional division, Dow Jones reports that the media company will lay off 240 employees from one of that division’s sub-sectors.

According to Dow Jones, the cuts will come from Thomson Reuters’ legal division, which includes the Westlaw database and other information and services for legal professionals. The division employs 13,000 people, meaning layoffs of this size will decrease the staff by less than two percent.

Update: A Thomson Reuters spokesman has confirmed to FishbowlNY that the company’s legal division today told 240 people “across a number of its North American businesses and locations that their positions have been eliminated.” Those let go were “primarily in software and content operations.” Severance packages and “outplacement support” is being offered to all those affected, the rep added.

Thomson Reuters To Cut 240 Positions In Legal Business –Dow Jones Newswires

Previously: Former BusinessWeek Editor Adler Finds A New Home At Reuters

Former BusinessWeek Editor Adler Finds A New Home At Reuters

westlaw.jpgThompson Reuters announced today that departed BusinessWeek editor Stephen Adler is joining the media company in the newly created position of senior vice president and editorial director of its Professional division.

The Professional division of Thompson Reuters, which includes the company’s Westlaw legal database as well as research and info for tax, healthcare and science professionals, is separate from its newswire division. However, the company was quick to add that Adler would “play a central role in helping to leverage editorial content across the organization,” and will serve as a member of Reuters News editor-in-chief David Schlesinger‘s “leadership team.”

Adler announced he would be stepping down as editor-in-chief of BusinessWeek shortly after Bloomberg LP acquired the business mag. Adler joined BusinessWeek in 2004 from The Wall Street Journal. He also formerly worked as an editor at The American Lawyer magazine and holds a JD from Harvard Law School, no doubt giving him plenty of experience with Westlaw.

Full release after the jump

Previously: BusinessWeek Editor Adler Heads For The Door

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John Byrne Watch Continues: C-Change

john_byrne_185x250.jpgLast week we all stayed extra late before our little Thanksgiving break to write about the sudden (but not totally unexpected) departure of John Byrne from BusinessWeek. Even though the company had produced a memo saying that the editor wouldn’t be leaving after Bloomberg LP took over for publisher McGraw-Hill, Keith Kelly and some others had their doubts. And they were right!

On Tuesday, Byrne announced he was leaving his company for an entirely new media venture, and today we (sort of) know what it is. Well, we have a name for it. And a blog.

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