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BREAKING NEWS & VIEWS
Sibley Named 'The Week' PublisherTuesday, June 15, 2010 Jessica Sibley, worldwide publisher of BusinessWeek-turned-Bloomberg Businessweek, is ending her nearly two-and-a-half-year stint to become U.S. publisher of the Felix Dennis-owned The Week. News was reported June 14 in The Wall Street Journal. Sibley hire is indicative of the huge strides on the business side that the nine-year-old The Week has made in the U.S. (president Steven Kotok told the WSJ that advertising revenues are projected to exceed subscription revenues this year), plus the diminution of BW's value. Bloomberg L.P. paid McGraw-Hill $35 million for the 80-year-old weekly last fall. A decade earlier, when BW advertising was at its peak (nearly 6,000 ad pages in 1999 versus 1,250 last year), the price would have many times more. Pre-BW, Sibley was Wall Street Journal VP/media sales. Her The Week predecessor (since November 2007) Jed Hartman left in March for Time Inc. to become group publisher of Fortune and CNNMoney.com. Sibley starts at The Week on June 28. If you have breaking news to share please contact Steve Smith at ssmith@accessintel.com
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