Bloomberg Businessweek’s editor-in-chief steps aside

Megan Murphy, the editor-in-chief of Bloomberg Businessweek who undertook a sweeping redesign last spring, is stepping away and will be replaced by Joel Weber, who has been running sister title Bloomberg Markets since 2012.

Earlier in his career, Weber spent time at ESPN The Magazine, Men’s Health and Men’s Journal.

Murphy had returned to Businessweek in 2015 in its Washington bureau, and was in the top job for just over a year, taking over from Ellen Pollock. (Pollock landed five months later as the New York Times Business Day editor.)

Earlier, Murphy had spent a long stretch working for the Financial Times in London, and still has a young daughter there. She said that was a big reason for her voluntarily stepping away.

“I have stepped down as editor of Bloomberg Businessweek (heart breaks),” she tweeted Thursday. “Juggling being the parent I want to be with the demands of this fantastic, amazing magazine has taken its toll. (For those who’ve wondered why I always seem to be in London!)”

John Micklethwait, the editor-in-chief of Bloomberg News, said in a memo to staffers, “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.”

He also said he was promoting Bloomberg Markets Executive Editor Christine Harper to the top job on that magazine — which goes to 300,000 users of Bloomberg terminals. Harper is also currently collaborating with former Federal Reserve Chairman Paul Volcker on his memoir.