Bloomberg is making major changes to BusinessWeek since the announcement they were buying the magazine in mid October. Ryan Chittum of Columbia Journalism Review's The Audit seems to approve of Bloomberg's decision to make Josh Tyrangiel the new editor of BusinessWeek:

Bloomberg surprised just about everybody by picking Josh Tyrangiel of Time to helm the newly acquired (and newly gutted—it's sacking a quarter of the staff) BusinessWeek.

All of the stories made sure to note prominently in a sort of raised-eyebrows way that Tyrangiel is but a wee lad of 37 years and has never been a business journalist.

Chittum's thoughts on Tyrangiel's lack of experience as a business journalist?

As far as never having been a business journalist, that's a feature, not a bug, as Tyrangiel implies with his "I wasn’t hired to be the great business editor" quote this morning in The New York Times. Someone who's not schooled in "this is how it's done" is more likely to see problems in how it's done. We've criticized the business press for being too narrow in its scope and for focusing too much on investors' short-term interests and too little on how those interests affect everybody else (which is ultimately in investors' long-term interest. See: current crisis).

And he expands little more on this in a subsequent post on a Bloomberg profile of Elizabeth Warren:

Translation: The industry wants somebody it can regulatory-capture. You know, like I said yesterday about Josh Tyrangiel taking over at BusinessWeek, Someone who’s not been schooled (and blinkered) in “this is how it’s done” is more likely to see problems in how it’s done. Warren infuriates the press's Church of the Savvy, as Jay Rosen calls it, that says "you can't do that"—play between the 40 yard lines.

If this is true, BusinessWeek might be worth checking on a regular basis in the future. At the very least, check out The Audit regularly to see what pieces they find noteworthy from BusinessWeek and others.