Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Bloomberg

Joel Weber, the Editor of Bloomberg Markets Magazine, is the new editor of Bloomberg Businessweek. He is replacing Megan Murphy, who is stepping down to move to London where she will be closer to her family, according to a staff emails from Bloomberg editor-in-chief John Micklethwait and Bloomberg Media CEO Justin Smith.

Murphy had been editing the magazine for about a year and before that had become Washington Bureau Chief for Bloomberg in 2015.

Christine Harper, Executive Editor of Finance/Investing for Bloomberg News, has been named editor of Bloomberg Markets magazine. Micklethwait says Harper's successor will be announced soon. She is the first woman editor of Bloomberg Markets magazine.

Read excerpts from the staff memos below.

Memo From John Micklethwait:

I am sad to tell all of you that Megan Murphy is stepping down as editor of Bloomberg Businessweek. As many of you know, Megan has been commuting back and forth to London for more than a year, and she would like to spend more time with her family.

In August 2015, Megan came back to Bloomberg to take over the Washington bureau; she did a magnificent job - and our national politics coverage is still reaping the benefits of her hard work. Just over a year ago, we persuaded Megan to take on another huge undertaking: the transformation of Businessweek and its integration into the wider newsroom. Since then she has been a tireless champion of Businessweek, overseeing its redesign and fighting hard to make sure that our best work appears in the magazine. Businessweek is much smarter, more global and on more platforms than ever before thanks to her efforts. Megan will be much missed -- and we wish her well.

I am delighted to announce that Joel Weber will take the helm at Businessweek. Joel has done an incredible job as editor of Markets magazine in the past two years, transforming its Editorial content, its look and indeed its commercial success. We are confident that he will build on Megan's achievements and make Businessweek the leading name in global business.

The new editor of Markets will be Christine Harper, who has covered finance and markets as a writer and editor for more than two decades, most recently as executive editor based in New York. Christine is currently also collaborating with Paul Volcker on his memoir.

Memo from Justin Smith:

Dear Colleagues,

As we kick off 2018, I want to share some news: Megan Murphy is stepping down as editor of Bloomberg Businessweek. She wants to spend more time with her family in London. After running our Washington bureau, Megan relaunched Businessweek last year. The magazine today is more premium, more global and on more platforms than ever before.

Joel Weber, who has done a terrific job running Bloomberg Markets over the last two years and has extensive experience in publishing, is taking on Megan's role and will work with the talented team to expand on Businessweek's achievements across platforms. The new editor of Bloomberg Markets will be Christine Harper, who has covered finance and markets for more than two decades. We wish Megan well and congratulate Joel and Christine on their new appointments.

In an always changing media industry, our focus remains on driving growth through innovation. Last year, we launched a new commercial model under Andrew Benett's leadership, accelerated our digital transformation and executed on bold new ideas, including the launch of TicToc by Bloomberg, the first and only global news network built for Twitter.

Here are some highlights from 2017:

  • Counter to industry trends, our digital advertising revenues posted impressive gains, rising more than 26% for the year. From 2014 to 2017, our digital ad revenues grew approximately 55%. Over the last three years, we've revamped our entire digital strategy to take advantage of what each of our platforms has to offer, released innovative ad products and incorporated data to more effectively target and implement programmatic partnerships.
  • Monthly unique user traffic rose 26% across our digital network. Our digital video views improved by 42%, driven by a record 29 million monthly off-platform views.
  • As part of the redesign of Bloomberg Businessweek, we introduced a metered paywall. We see significant opportunity in the premium paid news subscription market as more and more consumers are willing to pay for high quality content.
  • Interactive Bloomberg TV – a new technology innovation for our Core customers – generated a 7% increase in viewership.
  • Diversifying our revenues is also core to our strategy. Revenues for our events business – Bloomberg Live – jumped approximately 41% year-over-year.
  • We finalized one of our most ambitious partnerships ever to create the leading multiplatform Arabic-language business media company, in partnership with Riyadh-based media company SRMG.

These are strong results that should make us very proud.

In 2018, we will build on the success of key initiatives, develop new products and further our global expansion:

Reimagining Our Commercial Model

  • With the launch of our new advertising model, we've transformed how we sell, market and engage with clients by offering them deeper integrated marketing solutions. We have more than 10 clients working with us on consultative projects ranging from Technology to Telecom to Energy, and even countries. New capabilities will include a marketing center of excellence, with the goal of building a world-class marketing organization.

TicToc by Bloomberg

  • TicToc is an example of a bold new idea. After just a few weeks, our follower count is already at more than 90,000. We will evolve our product and build out TicToc's operations in London, Hong Kong, and possibly the Middle East. Launching with seven founding partners, TicToc has already been a commercial success.

Global Events

  • We will expand our key event franchises globally and introduce flagship initiatives. Bloomberg Philanthropies' successful Bloomberg Global Business Forum, which we support, will return to New York in the Fall. Our technology event "Sooner Than You Think" will debut in Paris and "Bloomberg Invest" expands to Hong Kong and Australia. And in November, we're hosting an ambitious new event in Asia that we plan to announce soon.

Many media companies are facing the strong headwinds in the industry by simply rebalancing their portfolios. We will continue to achieve our success by inventing our way forward and creating compelling experiences for both consumers and advertisers.

We thank you for all your hard work, creativity and dedication and look forward to collaborating together to reach greater heights in 2018.

Best,

Justin

Go deeper

Former Blizzard CEO says he "failed” women at the studio

Image: Neville Elder / Getty Images

Mike Morhaime, who co-founded and worked at video game studio Blizzard for 28 years, has apologized publicly for toxic work conditions at his former studio, which is now the subject of a discrimination and harassment lawsuit by the state of California.

Why it matters: Morhaime is no longer at Blizzard, but was its leader for most of its existence and therefore was in charge when much of what is alleged in California’s suit would have occurred.

Updated 2 hours ago - Sports

Olympics dashboard

🚨: Heat wave brings scorching temperatures to Tokyo Olympics

📺: The Olympic events to watch today

🤸🏾‍: Athlete spotlight — When to watch Simone Biles, the G.O.A.T

🇺🇸: Jill Biden cheers on Team USA at Tokyo Olympics

🥇: The post-Phelps Games

👻: Behind the scenes at the COVID Olympics

💉 Exclusive poll: America's divided over the COVID Olympics

Go deeper: Full Axios coverage

2 hours ago - Sports

NFL to fine unvaccinated players $14K for violating COVID-19 protocols

Patrick Mahomes of the Kansas City Chiefs wears a facemask while preparing for the start of Super Bowl LV. Photo: Patrick Smith/Getty Images

The NFL will fine unvaccinated players $14,650 if they violate COVID-19 protocols this season, ESPN reports.

The big picture: The rule change comes two days after the NFL announced that postponed games due to coronavirus outbreaks among unvaccinated players or staffers will not be rescheduled and teams responsible for delays will automatically forfeit.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!