Bloomberg Markets to cut issues, editor Henkoff leaving

Bloomberg Markets, a magazine that goes to Bloomberg terminal subscribers, is cutting the number of print issues and planning a relaunch in 2016.

The award-winning magazine, which has been published 11 times a year, will now publish about six. The magazine staff will publish two more issues in its current form this year, and longtime editor Ron Henkoff plans to leave the company after finishing these two issues of the magazine.

About a dozen magazine staff may leave Bloomberg at the end of the year. Bloomberg is trying to place those staffers in other roles at the company.

The changes were announced Thursday by Bloomberg editor in chief John Micklethwait and deputy editor in chief Reto Gregori to the America’s-based Bloomberg Markets magazine staff.

Editors Joel Weber, Stryker McGuire and Jon Asmundsson will work on a prototype of the news magazine and prepare the launch of a new magazine next year. The new magazine will draw on Bloomberg’s markets and financial coverage on the terminal, the Bloomberg Markets TV show and new Markets website.

The Markets magazine historically has been where investigative reporting appeared. Over the years, more has appeared in other platforms as well. Micklethwait is expanding the investigative team, led by Bob Blau, whose team now reports into Bloomberg Businessweek’s new editor Ellen Pollock.

Thursday’s announcement doesn’t affect Bloomberg Businessweek or Pursuits, the luxury magazine.