In a surprising move, Bloomberg LP has named Josh Tyrangiel as the new editor of BusinessWeek, picking a young editor without a traditional business news background but one with strong digital chops to shepherd the magazine’s planned overhaul.
Tyrangiel, 37, is the online managing editor of Time magazine and a deputy editor of Time magazine. Since he became online editor three years ago, the site’s page views rose to 1.8 billion from 400 million, per Bloomberg, as Tyrangiel bolstered its breaking news, election and global coverage. His most recent initiative is Techland, a new content site aimed at tech junkies that launched this week.
Tyrangiel will succeed Stephen Adler, who announced he would resign when Bloomberg’s previously announced acquisition of BusinessWeek closes. The sale is expected to close Dec. 1.
The appointment will take effect when the deal closes. Tyrangiel will report to Norm Pearlstine, chief content officer at Bloomberg and another Time Inc. vet.
Staffers at BusinessWeek reacted with surprise to the appointment of a young and relatively unknown editor from outside the ranks of business journalism.
Speculation over who would succeed Adler centered on veteran print editors with a connection to Pearlstine through Time Inc. or The Wall Street Journal, where Pearlstine also served as an editor.
Among those said to be in contention were Jim Kelly, the former Time magazine managing editor who has been helping Pearlstine with the transition; James Stewart, a staff writer at The New Yorker and a former editor at The Wall Street Journal; and Bob Safian, editor of Fast Company and a vet of Time Inc.’s Fortune and Money.
Tyrangile, meanwhile, worked at Vibe and Rolling Stone magazines and produced news at MTV before joining Time magazine.
In addition to “Who?” a source at BusinessWeek said of the internal reaction to Tyrangiel’s appointment, “People said it was pretty bold. Ballsy, actually.”
In a prepared statement, Pearlstine said he worked closely with Tyrangiel at Time Inc. while serving as the company’s editor in chief and admired his leadership qualities.
“Josh is recognized within Time Inc. and its parent, Time Warner Inc., as an ‘editor’s editor’ and a natural leader,” Pearlstine said. “His understanding of the ways in which print and online publications can work together will serve Bloomberg well as we expand our consumer media offerings.”