TALKING BIZ NEWS EXCLUSIVE
A higher percentage of BusinessWeek‘s editorial staff overseas are maintaining their jobs in comparison to the domestic reporters and editors, where the cuts were larger as the magazine prepares to be sold to Bloomberg LP.
An estimated 30 percent to 40 percent of the domestic editorial staff have lost their jobs in the past week as a result of the deal.
Thanks partly to stiffer labor protection laws in Europe, most of the European BusinessWeek staff will be staying on after the sale. That incudes Andy Reinhardt, the Europe channel editor on BW.com; Stanley Reed, the London bureau chief; Kerry Capell, senior writer in London; Mark Scott, correspondent in London; and Carol Matlack, Paris bureau chief.
However, Frankfurt bureau chief and European regional manager Jack Ewing is leaving for a job with the New York Times/International Herald Tribune in Frankfurt.
In Asia, Bruce Einhorn, the Asia channel editor and Asian regional manager in Hong Kong, is staying, as is senior writer Frederik Balfour in Hong Kong. So are Dexter “Tiff” Roberts in Beijing, Ian Rowley in Tokyo, and Moon Ilhwan in Seoul.
However, Kenji Hall in Tokyo and two administrative assistants will be leaving.
It’s unclear for many of these editorial staff members as to what they’ll be doing in the future. Some will likely join the Bloomberg News wire, while others will stay with the magazine.
