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. Businessweek suffered a decline in circulation through the late-2000s recession as promoting revenues fell one-third by the beginning of 2009 and the journal’s circulation fell to 936,000. In July 2009, it was reported that McGraw-Hill was making an attempt to sell Businessweek and had employed Evercore Partners to conduct the sale.
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There are over one hundred,000 subscribers to the iPad version of Businessweek. Adler resigned as editor-in-chief and was changed by Josh Tyrangiel, who had been deputy managing editor of Time magazine. In 2016 Bloomberg introduced modifications to Businessweek, which was dropping between $20 and $30 million. In addition, editor in chief Ellen Pollock stepped down from her position and Washington Bureau Chief Megan Murphy was named as the subsequent editor in chief.
Names And Adjustments: Enterprise Recognitions And Promotions For The Week Of Sept 26, 2021
Because of the journal’s liabilities, it was advised that it’d change hands for the nominal price of $1 to an investor who was prepared to incur losses turning the magazine round.