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Bloomberg LP Names Justin B. Smith CEO of Bloomberg Media Group

July 29, 2013

New York — Bloomberg LP announced today that Justin B. Smith
will serve as chief executive officer of Bloomberg Media Group,
which comprises Bloomberg’s television, radio, magazine,
conferences and digital businesses globally. Smith will join
Bloomberg LP on September 16, reporting to CEO and President
Daniel L. Doctoroff. Andrew Lack, who has served as CEO of
Bloomberg Media Group since 2008, will become Chairman of
Bloomberg Media Group.

Smith served as President of Atlantic Media from 2010-2013 and
President of Atlantic Consumer Media division from 2007-2010.
While at Atlantic Media, he spearheaded The Atlantic’s dramatic
transformation from a largely print-centric magazine to a
digitally-led multi-platform franchise. Under Smith’s
leadership, Atlantic Media also launched several new critically
acclaimed disruptive digital platforms such as Quartz and
Defense One.

“Throughout Bloomberg’s history, we’ve been defined by our
ability to disrupt markets, our willingness to invest when
others don’t, and our constant focus on innovation,” said
Doctoroff. “Justin Smith has an exceptional track record in each
of these areas. His deep understanding of the media and vision
for its future makes him an ideal fit at Bloomberg as we
continue to transform and expand our media businesses
worldwide.”

“I’m excited to join Bloomberg and help lead one of the world’s
largest media and journalism platforms,” said Smith. “I’ve long
admired Bloomberg’s ambitious and entrepreneurial culture, and I
look forward to contributing to the company’s march towards
becoming the world’s most influential media company.”
“As we build our business around the world, we deeply value
leaders who understand the global long-term trends that will
change the way people consume and make use of information,” said
Bloomberg Chairman Peter T. Grauer. “Justin’s international
experience, coupled with his leadership in growing media
businesses across new and old platforms, shows that he is the
ideal candidate to lead our Media Group.”

“This is a big day for the Media Group. I’m looking forward to
working with Justin to take the Group to the next level with his
remarkable creativity and forward thinking,” said Lack.

“Andy has provided great leadership and vision for our Media
Group for nearly 5 years as we’ve enhanced the quality of our
media properties and expanded internationally,” said Doctoroff.

“We’re very pleased that Andy will stay on as Chairman of the
Media Group and continue to provide his expert counsel and
leadership.”

Prior to joining Atlantic Media in 2007, Smith served as
President and Publisher of The Week magazine where he launched
the U.S. edition in 2001. He joined The Week from The Economist
Group, where he was head of corporate strategy in London, Hong
Kong and in New York. Justin also worked for the U.S.
Department of State in West Africa and Washington, D.C. and
graduated from Georgetown University’s School of Foreign
Service. He is also a founder of Breaking Media, the Bali
Purnati Center for the Arts, and the Ouagadougou Education
Project.

The Bloomberg Media Group is the company’s unified media group
comprising the company’s television, print, radio, syndication,
mobile, events and digital media properties, providing
integrated solutions for advertisers and a seamless experience
for consumers of business news.

About Bloomberg

Bloomberg, the global business and financial information and
news leader, gives influential decision makers a critical edge
by connecting them to a dynamic network of information, people
and ideas. The company’s strength – delivering data, news and
analytics through innovative technology, quickly and accurately
– is at the core of the Bloomberg Professional service, which
provides real time financial information to more than 315,000
subscribers globally. Bloomberg’s enterprise solutions build on
the company’s core strength, leveraging technology to allow
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Bloomberg Markets and Bloomberg Pursuits, covers the world with
more than 2,400 news and multimedia professionals at more than
150 bureaus in 73 countries. Headquartered in New York,
Bloomberg employs more than 15,000 people in 192 locations
around the world.

Contact for Bloomberg:

Amanda Cowie, +1 212-617-1689, acowie@bloomberg.net