# Bloomberg Businessweek

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American weekly business magazine

Bloomberg Businessweek Cover of the issue from February 15, 2021 Editor Brad Stone Categories Business Frequency monthly Total circulation 325,000[1] (2018) Founded September 1929; 96 years ago (1929-09), New York City First issue September 1929; 96 years ago (1929-09), New York City Company Bloomberg L.P. Country United States Based in New York City Bloomberg Tower, 731 Lexington Avenue, Manhattan, New York City 10022, United States (business magazine) Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan, New York City 10022 (market magazine) Language English Website bloomberg.com/businessweek ISSN 0007-7135

This article is part of a series about Michael Bloomberg Political positions Electoral history Bloomberg L.P. Terminal News Television Radio Businessweek Markets Mayor of New York City Mayoralty Elections 2001 2005 2009 2020 presidential campaign Primaries Endorsements Bloomberg Philanthropies Beyond Coal Everytown for Gun Safety Willett Advisors Draft Bloomberg movement The Portable Bloomberg: The Wit and Wisdom of Michael Bloomberg v t e

***Bloomberg Businessweek***, previously known as ***BusinessWeek*** (and before that ***Business Week*** and ***The Business Week***), is an American monthly business magazine published 12 times a year.[2] The magazine debuted in New York City in September 1929.[3]

Since 2009, the magazine has been owned by [Bloomberg L.P.](/source/Bloomberg_L.P.) and became a monthly in June 2024.

## History

### 1929–2008: *Businessweek*

*The Business Week* was first published based in [New York City](/source/New_York_City) in September 1929, weeks before the [stock market crash](/source/Stock_market_crash_of_1929).[4] 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 it one of the first publications to cover national political issues that directly impacted the business world.[5] The name of the magazine was shortened to *Business Week* in 1934.[6]

Originally published as a resource for business managers, the magazine shifted its strategy in the 1970s and added consumers outside the business world.[3] By 1975, the magazine was carrying more advertising pages annually than any other magazine in the United States.[7]

[Stephen B. Shepard](/source/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](/source/CUNY_Graduate_School_of_Journalism). Under Shepard, *Businessweek*'s readership grew to more than six million in the late 1980s.[8] He was succeeded by [Stephen J. Adler](/source/Stephen_J._Adler) of *[The Wall Street Journal](/source/The_Wall_Street_Journal)*.[9]

*Businessweek* began publishing its annual rankings of United States [business school](/source/Business_school) [MBA](/source/Master_of_Business_Administration) programs in 1988.[10] In 2006, *Businessweek* started publishing annual rankings of [undergraduate](/source/Undergraduate_education) business programs in addition to its MBA program listing.[11]

### 2009–present: *Bloomberg Businessweek*

*Businessweek* experienced a decline in circulation during the [late-2000s recession](/source/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](/source/McGraw-Hill) was trying to sell *Businessweek* and had hired [Evercore Partners](/source/Evercore_Partners) to conduct the sale.[3] 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.[12]

In late 2009, [Bloomberg L.P.](/source/Bloomberg_L.P.) bought the magazine—reportedly for between $2 million to $5 million plus assumption of liabilities—and renamed it *Bloomberg BusinessWeek*.[13] News reports published in 2019 suggest McGraw-Hill received the high end of the speculated price, at $5 million, along with the assumption of debt.[14][15]

In early 2010, the magazine title was restyled as *Bloomberg Businessweek* (with a lowercase "w") as part of a redesign.[16] During the following years, the bold, eclectic, playful, and memetic face of *Businessweek* was cultivated largely by *Businessweek*'s creative director [Richard Turley](/source/Richard_Turley_(graphic_designer)), then Rob Vargas (from 2014), and Deputy Creative director Tracy Ma (from 2011 through 2016). During her time at *Businessweek*, Ma worked on over 200 issues.[17]

As of 2014[\[update\]](https://en.wikipedia.org/w/index.php?title=Bloomberg_Businessweek&action=edit), the magazine was losing $30 million per year, about half of the $60 million it was reported losing in 2009.[18] Adler resigned as editor-in-chief and was replaced by [Josh Tyrangiel](/source/Josh_Tyrangiel), who had been deputy managing editor of *[Time](/source/Time_(magazine))* magazine.[19] 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 editor-in-chief.[20] Megan Murphy served as editor from November 2016;[20] until she stepped down from the role in January 2018, and Joel Weber was appointed by the editorial board in her place.[21]

[Brad Stone](/source/Brad_Stone_(journalist)) was appointed editor of the magazine in January 2024, when the magazine switched to publishing biweekly.[22] In June of the same year, the magazine became a monthly.[23]

## Controversy

### "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 that claimed that [China](/source/China) had hacked dozens of technology corporations, including [Amazon](/source/Amazon_(company)) and [Apple](/source/Apple_Inc.), by placing an extra integrated circuit on a [Supermicro](/source/Supermicro) server motherboard during manufacturing.[24]

Pingwest, a media company founded in [Silicon Valley](/source/Silicon_Valley) and based in [Beijing](/source/Beijing), identified the chip mentioned in the article as a [balun](/source/Balun). The company pointed out that its size made it impossible to implement any form of attack; it did not have the storage space required to store commands that would allow a [hacker](/source/Hacker) to infiltrate the hardware. They suggested that *Businessweek* had underestimated security standards employed by Amazon and Apple.[25]

Bloomberg's claims have faced significant scrutiny. By 2 p.m. on the day of publication, Apple, Amazon, and Supermicro issued blanket denials, which Bloomberg reported.[26] Within the week, the [United States Department of Homeland Security](/source/United_States_Department_of_Homeland_Security) stated that it saw no reason to question those refutations.[27] The [National Security Agency](/source/National_Security_Agency), as well as the [Government Communications Headquarters](/source/Government_Communications_Headquarters) and [National Cyber Security Centre](/source/National_Cyber_Security_Centre_(United_Kingdom)) of the United Kingdom, also denied the article's claims.[28]

In 2021, Bloomberg published a follow-up article that stood by its allegations.[29][30]

## 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.[31] That same year, however, the Russian edition was launched in collaboration with Rodionov Publishing House.[32]

At the same time, *Businessweek* partnered with InfoPro Management, a publishing and market research company based in [Beirut, Lebanon](/source/Beirut%2C_Lebanon), to produce the Arabic version of the magazine in 22 Arab countries.[33]

In 2011, *Bloomberg Businessweek* continued its 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.[34][35][36]

Also in 2011, *Bloomberg Businessweek* launched an [iPad](/source/IPad) version of the magazine using [Apple's](/source/Apple_Inc.) subscription billing service.[37][38] The iPad edition was the first to use this subscription method, which allows one to subscribe via an [iTunes](/source/ITunes) account.[39] There are over 100,000 subscribers to the iPad edition of *Businessweek*.[40]

## Honors and awards

In 2011, *[Adweek](/source/Adweek)* named *Bloomberg Businessweek* as the top business magazine in the U.S.[41] In 2012, *Bloomberg Businessweek* won the general excellence award for general-interest magazines at the [National Magazine Awards](/source/National_Magazine_Awards).[42] Also in 2012, *Bloomberg Businessweek* editor Josh Tyrangiel was named magazine editor of the year by *[Ad Age](/source/Advertising_Age)*.[43] In 2014, *Bloomberg Businessweek* won a [Society of American Business Editors and Writers](/source/Society_of_American_Business_Editors_and_Writers) Best in Business award for magazines, general excellence.[44]

In 2016, the [Online Journalism Awards](/source/Online_News_Association) highlighted *Bloomberg Businessweek*'s explanatory reporting work on "What Is Code?"[45][46]

## Employees

Notable present and former employees of the magazine include:[47]

- [Stephen B. Shepard](/source/Stephen_B._Shepard), former editor-in-chief of *BusinessWeek* (1984–2005) and founding dean of the [CUNY Graduate School of Journalism](/source/CUNY_Graduate_School_of_Journalism)

- [Elliott V. Bell](/source/Elliott_V._Bell), former publisher and editor-in-chief of *BusinessWeek* and [Superintendent of Banks for the State of New York](/source/New_York_State_Banking_Department), advisor to [Thomas E. Dewey](/source/Thomas_E._Dewey)

- [Robert Kolker](/source/Robert_Kolker), former investigative journalist and author of *[Hidden Valley Road](/source/Hidden_Valley_Road)*

- [Brad Stone](/source/Brad_Stone_(journalist)), former investigative journalist and author of books on tech companies

- [Josh Tyrangiel](/source/Josh_Tyrangiel), former editor and deputy managing editor of [*Time*](/source/Time_(magazine)) magazine

- [Malcolm Muir](/source/Malcolm_Muir_(publisher)), founder of the magazine, president of [McGraw-Hill Publishing](/source/McGraw-Hill) (1928–1937)

- [Virgil Jordan](/source/Virgil_Jordan), former editor and past president of [The Conference Board](/source/The_Conference_Board)

- [Judith H. Dobrzynski](/source/Judith_H._Dobrzynski), former senior editor

- [Stephen J. Adler](/source/Stephen_J._Adler), former editor-in-chief of *[BusinessWeek](/source/BusinessWeek)* (2005–2009), [editor-in-chief](/source/Editor-in-chief) of [Reuters](/source/Reuters) (2011–2021)

- [Carla Robbins](/source/Carla_Robbins), former reporter and deputy [editorial page](/source/Editorial_page) editor of *[The New York Times](/source/The_New_York_Times)* (2007–2012)

## See also

- [Bloomberg Markets](/source/Bloomberg_Markets)

- [Bloomberg News](/source/Bloomberg_News)

## References

1. **[^](#cite_ref-1)** ["History & Facts"](https://www.bloomberg.com/company/bloomberg-facts/). Bloomberg L.P. Retrieved April 27, 2016.

1. **[^](#cite_ref-2)** ["Bloomberg Businessweek: Annual Subscription"](https://subscribe.businessweek.com/). *Businessweek.com*. Retrieved October 14, 2019.{{[cite web](https://en.wikipedia.org/wiki/Template:Cite_web)}}: CS1 maint: deprecated archival service ([link](https://en.wikipedia.org/wiki/Category:CS1_maint:_deprecated_archival_service))

1. ^ [***a***](#cite_ref-auto_3-0) [***b***](#cite_ref-auto_3-1) [***c***](#cite_ref-auto_3-2) ["McGraw-Hill trying to sell BusinessWeek"](https://www.reuters.com/article/us-mcgrawhill-businessweek-idUSTRE56C1W020090713). Reuters. July 13, 2009. [Archived](https://web.archive.org/web/20130703040335/http://www.reuters.com/article/2009/07/13/us-mcgrawhill-businessweek-idUSTRE56C1W020090713) from the original on July 3, 2013. Retrieved July 22, 2011.

1. **[^](#cite_ref-4)** Delbridge, Emily (November 21, 2019). ["The 8 Best Business Magazines of 2020"](https://www.thebalancesmb.com/best-business-magazines-4176680). *The Balance Small Business*. New York City: Dotdash. Best for Business News: Bloomberg Businessweek. Retrieved February 8, 2020.

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1. **[^](#cite_ref-6)** [See decade histories at ["Businessweek at 90: Covering Business Through the Decades"](https://www.bloomberg.com/news/features/2019-12-20/businessweek-at-90-covering-business-through-the-decades#xj4y7vzkg).

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1. **[^](#cite_ref-17)** Bourton, Lucy (December 4, 2018). ["Laughing at the world of graphic design with Tracy Ma"](https://www.itsnicethat.com/features/tracy-ma-graphic-design-printed-pages-aw18-041218). *It's Nice That*.

1. **[^](#cite_ref-18)** Bond, Shannon (December 10, 2014). ["Bloomberg believes in Businessweek as a model"](https://www.ft.com/content/b7fe4a52-7ff1-11e4-adff-00144feabdc0). *Financial Times*. Retrieved October 13, 2017.

1. **[^](#cite_ref-19)** Clifford, Stephanie (November 18, 2009). ["Deputy at Time Magazine to Be BusinessWeek Editor"](https://www.nytimes.com/2009/11/18/business/media/18mag.html). *[The New York Times](/source/The_New_York_Times)*. p. B3. Retrieved July 22, 2011.

1. ^ [***a***](#cite_ref-:0_20-0) [***b***](#cite_ref-:0_20-1) Alpert, Lukas I. (November 17, 2016). ["Bloomberg Changes Businessweek Leaders, Ends Political TV Program"](https://www.wsj.com/articles/bloomberg-changes-businessweek-leaders-ends-political-tv-program-1479414097). *Wall Street Journal*. [ISSN](/source/ISSN_(identifier)) [0099-9660](https://search.worldcat.org/issn/0099-9660). Retrieved December 4, 2016.

1. **[^](#cite_ref-21)** Tani, Maxwell (January 4, 2018). ["Bloomberg Businessweek hires a new editor"](https://www.businessinsider.com/bloomberg-businessweek-hires-a-new-editor-shakes-up-top-management-2018-1?international=true&r=US&IR=T). *Business Insider*. Insider, Inc. Retrieved January 10, 2019. *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.

1. **[^](#cite_ref-22)** ["What is Bloomberg Businessweek issue frequency? | Bloomberg Help Center"](https://web.archive.org/web/20240324014441/https://www.bloomberg.com/help/question/what-is-bloomberg-businessweek-issue-frequency/). *[Bloomberg News](/source/Bloomberg_News)*. March 24, 2024. Archived from [the original](https://www.bloomberg.com/help/question/what-is-bloomberg-businessweek-issue-frequency/) on March 24, 2024. Retrieved March 24, 2024.

1. **[^](#cite_ref-23)** ["Bloomberg Businessweek Relaunches with Debut Monthly Print Edition, Enhanced Digital Experience"](https://www.bloombergmedia.com/press/bloomberg-businessweek-relaunches-with-debut-monthly-print-edition-enhanced-digital-experience/). *Bloomberg Media*. Retrieved January 18, 2025.

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1. **[^](#cite_ref-25)** ["彭博社曝光的"间谍芯片"，我在淘宝1块钱就能买一个"](https://www.pingwest.com/a/178013). *pingwest.com* (in Chinese). Retrieved May 21, 2022.

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1. **[^](#cite_ref-42)** Pompeo, Joe (May 4, 2012). ["At the often stodgy National Magazine Awards, best disruptor of decorum goes to a 'lucky' guy from Dallas"](https://web.archive.org/web/20141228230907/http://www.capitalnewyork.com/article/media/2012/05/5834908/often-stodgy-national-magazine-awards-best-disruptor-decorum-goes-luck). *[Capital New York](/source/Capital_New_York)*. Archived from [the original](http://www.capitalnewyork.com/article/media/2012/05/5834908/often-stodgy-national-magazine-awards-best-disruptor-decorum-goes-luck) on December 28, 2014. Retrieved May 22, 2015.

1. **[^](#cite_ref-43)** Dumenco, Simon (October 15, 2012). ["Ad Age's Magazine A-List: Josh Tyrangiel Is Editor of the Year"](http://adage.com/article/media/ad-age-s-magazine-a-list-josh-tyrangiel-editor-year/237735/). *[Ad Age](/source/Advertising_Age)*. Retrieved May 22, 2015.

1. **[^](#cite_ref-44)** ["Best in Business contest results, 2014 contest year"](https://web.archive.org/web/20150521044905/http://sabew.org/best-in-business/past-best-in-business-contests/best-in-business-contest-results-2014-contest-year/). [Society of American Business Editors and Writers](/source/Society_of_American_Business_Editors_and_Writers). Archived from [the original](http://sabew.org/best-in-business/past-best-in-business-contests/best-in-business-contest-results-2014-contest-year/) on May 21, 2015. Retrieved May 22, 2015.

1. **[^](#cite_ref-45)** ["Bloomberg Businessweek Award-Winning Work"](https://awards.journalists.org/organizations/bloomberg-businessweek/). *Online Journalism Awards*. Retrieved July 25, 2024.

1. **[^](#cite_ref-46)** Ford, Paul. ["What Is Code? If You Don't Know, You Need to Read This"](http://www.bloomberg.com/graphics/2015-paul-ford-what-is-code/). *Bloomberg.com*. Retrieved July 25, 2024.

1. **[^](#cite_ref-47)** ["Bloomberg Businessweek - Company Profile and News"](https://www.bloomberg.com/profile/company/0835639D:US). *Bloomberg.com*. Retrieved July 25, 2024.

## Further reading

- Coy, Peter; Ellis, James; Dwyer, Paula; Weber, Joel (December 20, 2019). ["Businessweek at 90: Covering Business Through the Decades"](https://www.bloomberg.com/news/features/2019-12-20/businessweek-at-90-covering-business-through-the-decades). *Bloomberg Businessweek*. Retrieved June 14, 2020.

- Whittick, Olivia (June 28, 2018). ["Graphic Times WIth New York Times Designer Tracy Ma: On Garbage Design, Font Punchlines, and Fruitful Tension"](https://www.ssense.com/en-us/editorial/design/graphic-times-with-new-york-times-designer-tracy-ma). *Ssense*.

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