Bloomberg announced 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.”