Bloomberg Media Group Names Smith CEO

Lack Moves to Chairman Role

Bloomberg LP has named Justin B. Smith as the new CEO of Bloomberg Media Group, replacing Andrew Lack, who will become chairman, the company announced early Monday.

The Media Group comprises Bloomberg’s global television, radio, magazine, conferences and digital businesses. Smith joins on Sept. 16, reporting to Bloomberg LP CEO and president Daniel Doctoroff.

Smith was previously president of Atlantic Media since 2010 and president of Atlantic’s consumer media division from 2007-10, helping transform it from a print-focused magazine to a multi-platform franchise. Prior to that, he was president and publisher of The Week and head of corporate strategy at The Economist Group.

"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."

Lack had served as CEO since 2008.