Justin Smith, often credited with saving The Atlantic, is departing the company to become the new CEO of Bloomberg Media Group. Smith had been with Atlantic Media since 2007; serving as president since 2010.
In a lengthy “Letter of Appreciation,” sent to staffers, David Bradley, chairman of Atlantic Media, heaped praise upon Smith:
In my frame, Atlantic Media was earning its doctoral degree in modern media from one of modern media’s master practitioners. What Justin believed, he taught, and, as with Michael again, Justin’s beliefs were fierce: That the revolution underway in media is more radical than we—the industry—appreciate. That the contest between legacy and insurgent players is mortal, with advantage to the insurgents. That surviving legacy properties will have had to learn the disciplines of the insurgents—and that they can. That velocity is first among the virtues. That the speed of change is unprecedented. That ideas have their season but not more. From search to social media to native advertising to the next advantage. And, that Atlantic Media could and would and has leapt to the frontier.
At Bloomberg, Smith will be succeeding Andrew Lack, who had served as Bloomberg Media’s CEO since 2008. Lack will become chairman of Bloomberg Media Group.
Below is Bradley’s full note.