Josh Tyrangiel To Be BusinessWeek Editor

NEW YORK, November 17 - Bloomberg L.P. today announced that Josh Tyrangiel would be appointed
Editor of BusinessWeek magazine upon completion of its previously announced
acquisition of BusinessWeek.

Tyrangiel, 37, currently is deputy managing editor of TIME magazine and
managing editor of TIME.com. He has played a critical role in shaping the
magazine's business, technology and political coverage while managing the
magazine's staff. He built the Web site from 400 million page views in 2006
to an estimated 1.8 billion page views during 2009. Under his leadership, the
site was named Best Magazine Web Site by the Magazine Publishers Association
for the past two years.

Tyrangiel will report to Norman Pearlstine, chief content officer at
Bloomberg, who, in turn, reports on editorial matters to Matthew Winkler,
Bloomberg's editor-in-chief.

Pearlstine said he first met Tyrangiel a decade ago, soon after he joined
TIME as a reporter. "I saw Josh in a number of leadership positions as he
took on increasing responsibilities at TIME. Working closely with him in the
years I served as Time Inc.'s Editor-in-Chief, I came to appreciate his
intelligence, curiosity, energy, and integrity," Pearlstine said. "Josh is
recognized within Time Inc. and its parent, Time Warner Inc., as an 'editor's
editor' and a natural leader. His understanding of the ways in which print
and online publications can work together will serve Bloomberg well as we
expand our consumer media offerings."

Bloomberg Editor-In-Chief Winkler said, "Josh will build on
BusinessWeek's tradition of great fact-based journalism, coupling it with the
breadth and depth of Bloomberg news. Norm and Josh are the ideal team to
deliver a terrific business magazine that brings the most trusted, most
influential and most important news to a global audience of thought leaders."

Bloomberg L.P. President Daniel Doctoroff said, "Josh Tyrangiel will be a
tremendous asset as we build the market presence of BusinessWeek backed by
Bloomberg's global multimedia news organization, to create the most
compelling business news for the most sought-after readers."

Prior to joining TIME, Tyrangiel worked at Vibe and Rolling Stone
magazines and produced news at MTV. He earned a M.A. in American Studies from
Yale University and a B.A. from The University of Pennsylvania. "I am
thrilled to be joining Bloomberg and to lead BusinessWeek's talented
editorial team as we create the world's most influential and indispensable
business magazine," Tyrangiel said.

Background on Bloomberg and BusinessWeek

Bloomberg announced on October 13 that it would acquire BusinessWeek from
The McGraw-Hill Companies, Inc. At the time of the announcement, Bloomberg
L.P. Chairman Peter T. Grauer said, "The acquisition of BusinessWeek will
strengthen Bloomberg's online, television and mobile products. Together, the
BusinessWeek.com and the BLOOMBERG.COM(R) Web sites will have more unique
visitors than any non-portal business and financial site. We also expect to
build BLOOMBERG TELEVISION(R) content around the powerful BusinessWeek brand
and its excellent journalists.

"Bloomberg's universe of market makers and BusinessWeek's readership of
decision makers create a powerful audience and a unique value proposition for
advertisers. The reporting and analytical resources of Bloomberg and
BusinessWeek are unparalleled in their ability to deliver timely, distinctive
and credible content to an influential and highly sought-after audience,"
Grauer added.

About BusinessWeek

BusinessWeek is a global source of essential business insight that
inspires leaders to turn ideas into action. Through content, context and
collaboration, BusinessWeek moderates global conversations and moves business
professionals forward. Founded in 1929 and published by the McGraw-Hill
Companies, BusinessWeek magazine is the market leader, with more than 4.7
million readers each week in 140 countries. Local language editions include
Chinese, Thai and Bahasa Indonesian. Launched in 1994, BusinessWeek.com is
the preeminent provider of daily, essential business news, information, and
services to business decision-makers. Business Exchange (
bx.businessweek.com/) is an innovative online offering that aims to
serve the evolving information needs of business professionals.

About Bloomberg

Bloomberg is the world's most trusted source of information for
businesses and professionals. Bloomberg combines innovative technology with
unmatched analytic, data, news, display and distribution capabilities, to
deliver critical information via the BLOOMBERG PROFESSIONAL(R) service and
multimedia platforms. Bloomberg's media services cover the world with more
than 2,200 news and multimedia professionals at 146 bureaus in 72 countries.
The BLOOMBERG TELEVISION(R) 24-hour network reaches more than 200 million
homes. BLOOMBERG RADIO(R) services broadcast via Sirius XM Radio and
WorldSpace satellite radio globally and on WBBR 1130AM in New York. The
award-winning monthly BLOOMBERG MARKETS(R) magazine, the BLOOMBERG.COM(R)
financial news and information Web site and BLOOMBERG PRESS(R) books provide
news and insight to investors. For more information, please visit
www.bloomberg.com.

The BLOOMBERG PROFESSIONAL service and data products are owned and
distributed by Bloomberg Finance L.P. (BFLP) except that Bloomberg L.P. and
its subsidiaries (BLP) distribute these products in Argentina, Bermuda,
China, India, Japan and Korea. BLOOMBERG and BLOOMBERG NEWS are trademarks
and service marks of Bloomberg Finance L.P., a Delaware limited partnership,
or its subsidiaries. All rights reserved.

Judith Czelusniak of Bloomberg, +1-212-617-1212, jczelusniak at bloomberg.net