The New York Post’s Keith Kelly has some of the names of the editorial staff members at BusinessWeek who lost their jobs on Thursday as part of a layoff.
Kelly wrote, “There were no staff announcements on the 12 facing the ax, but Media Ink hears the list includes Chris Summerson, a 28-year veteran who after a long stretch as public relations director, had been the associate editor of business development. “Also getting their walking papers were Polk Award winner Aaron Bernstein, writer Cathy Yang and editor Liz Weiner.
“The weekly magazine was said to have lost money in 2005, according to one reliable industry source.”
Read more here. Bernstein, in my opinion, was one of the best labor reporters in the country, while Yang had worked out of the Washington bureau. Weiner had been a long-time editor in New York.
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Did they choose who was fired based on tenure, as in, the people that would be least affected by it, or is BusinessWeek so full of incredible writers that these 12 were the worst of them?
BusinessWeek is systematically erasing its institutional memory by laying off and forcing out everyone who remembers what a good magazine it used to be.
The website was the first to be purged. It won award after award for quality journalism, then the management changed and it now gets all its traffic from Forbes-style wealth porn (hardly surprising; BW hired all the Forbes people) and short-stay portal traffic. Every single person who raised a hand and said this was a flawed policy was forced out. More than 100% attrition in 18 months.
Now it's the magazine's turn to be thoroughly purged, so veterans like Morrison, Bernstein etc. are being shown the door. None of it is working, however; sales and ad revenue continue to fall.
Sad to see a great magazine humbled like this. Terry McGraw has a lot to answer for after handing his premier publication to a gang of vandals, sycophants and water-cooler assassins.