A New Editor, and Layoffs, Coming to BusinessWeek
The process of watching the BusinessWeek-Bloomberg integration is starting to get discomfiting (not that it was ever especially pleasant) for BW alumni like myself.
The good news is that BW has a new editor-in-chief with an intriguing resume: Josh Tyrangiel, a deputy m.e. at Time magazine and head of its online operations.
The bad news comes in the form of a memo leaked to Gawker, quoting Norm Pearlstine hinting pretty strongly at layoffs.
For a while I had thought that there might be a "Sully Sullenberger" situation--a landing without casualties. Ain't happening.
UPDATE: Looks more like TWA Flight 800 than a soft splashdown in the Hudson. The Wall Street Journal says a 25% staff cut is expected, with 100 staffers thrown out on the street.
© 2009 Gary Weiss. All rights reserved.