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Business

Welch quits BusinessWeek column

By
Keith J. Kelly
Published Nov. 14, 2009, 5:00 a.m. ET

Top columnists including former GE head Jack Welch are exiting BusinessWeek as its soon-to-be owner, Bloomberg LP, continues to narrow down the candidates for the chief editor spot.

Welch and his wife, Suzy, are quitting the column they have written together since 2005.

He told the Post it was an amicable parting, and that he wants to devote more time to the Jack Welch Institute, an online MBA program at the for-profit Chancellor University System.

“We did it for four years and it was tougher than we ever thought,” Welch said. “Every Sunday it was like a guillotine hanging over our heads.”

BusinessWeek also ended its columnist deal with Maria Bartiromo, the CNBC anchor known as the “Money Honey.”

The Welch and Bartiromo columns were among the magazine’s most popular in readership surveys.

The exits come as the BusinessWeek staff of 400 anxiously awaits news of their fate under the new ownership.

The embattled magazine is in the process of being sold by McGraw-Hill to Mayor Mike Bloomberg’s company for $9.3 million in cash plus assumption of some liabilities.

Norman Pearlstine, Bloomberg’s chief content officer and incoming chairman of BusinessWeek, has said he intends to keep “the majority” of the employees, but has yet to make final decisions, and has been interviewing the editorial staff all week.

The drama should be over by Nov. 20, according to a memo sent around to staffers last week.

Bloomberg is said to be down to a short list for the top editor slot.

Sources say Jim Kelly, the former Time editor who is helping Pearlstine, is not angling for the top job.

But Robert Friedman, a former international editor of Fortune who has also been helping Pearlstine, is believed to be on the list. Bob Safian, editor-in-chief of Fast Company, has also been mentioned for the top job.