Dev Pragad
President and CEO of Newsweek
Personal details
Alma materHarvard Business School
King's College London

Dev Pragad is the British-American president and CEO of Newsweek. He is also co-owner of Newsweek acquiring a half-interest in 2018.[1] Under his tenure Newsweek returned to profitability and reaches 100 million readers a month.[2][1]

Personal life and Education

Pragad is an American citizen who holds dual citizenship with the United Kingdom. He is a fellow of King's College London and attended Harvard Business School in 2022. He earned B.Eng and PhD in electrical engineering from King's College London, where he attended from 2002 to 2008.[3][4][5]

Career

Prior to becoming CEO of Newsweek, Pragad managed it's international edition from London in 2014.[6]

Following a probe of the parent company IBT Media by the Manhattan district attorney in 2018, Newsweek was spun off into a standalone company Newsweek Publishing LLC with Pragad and Johnathan Davis each owning 50% of that company. All litigation between shareholders and Newsweek was settled in June 2023.[7][8][9]

Pragad was the subject of Harvard Business School case study published in 2021.[10] The case study focuses on the Newsweek's digital transformation through the use of data collection and performance measurements to grow the publications readers and revenue.[2] Pragad is credited with turning around Newsweek into a profitable business.[11] By 2022, the media outlet had a revenue of $60 million, a 20% to 30% growth for the year, and 100 million readers per month.[12][2]

Pragad launched the industry-leading Newsweek Rankings, which has become the fastest-growing part of the business.[13] The rankings include the coveted World’s Best Hospitals, Auto Disruptor Awards, and numerous corporate and employer rankings.[14]

References

  1. 1 2 Gale, Adam (April 5, 2022). "Dev Pragad: The Man Who Saved the News". Management Today.
  2. 1 2 3 "Dev Pragad, CEO of Newsweek". The CEO Magazine. Retrieved 2024-01-01.
  3. ↑ "DEV PRAGAD, NEWSWEEK OWNER, PRESIDENT AND CEO". Newsweek. 2023.
  4. ↑ "Participant Stories: Benefitting from Time in a Virtual World". Harvard Business School. July 5, 2022.
  5. ↑ "Notable Alumni". King's College. 2023.
  6. ↑ "Newsweek makes London the centre of its world". The Drum. Retrieved 2024-01-06.
  7. ↑ "Newsweek Media Group Splits into Separate Companies: Newsweek, IBT Media". www.mediapost.com. Retrieved 2024-01-06.
  8. ↑ "Newsweek Media Group Splits Into Two Companies". Newsweek. 2018-10-10. Retrieved 2024-01-06.
  9. ↑ Rouhandeh, Alex J.; Jamali, Naveed (June 29, 2023). "Newsweek Shareholders End Legal Dispute, Co-owner Davis Leaves Olivet Sect". Newsweek.{{cite news}}: CS1 maint: url-status (link)
  10. ↑ Appelgate, Lynda M.; Srinivasan, Surja (February 2022) [October 2021]. "Newsweek Driving a Digital First Strategy (Abstract)". Harvard Business School Case 822-052.
  11. ↑ "Dev Pragad: the man who saved the news". www.managementtoday.co.uk. Retrieved 2024-01-06.
  12. ↑ Bruell, Alexandra (July 29, 2022). "Newsweek Engulfed in Legal Drama as Co-Owners Sue Each Other". The Wall Street Journal.
  13. ↑ President, Dev Pragad; CEO; Newsweek (2023-12-31). "Celebrating Newsweek's remarkable year". Newsweek. Retrieved 2024-01-07.
  14. ↑ "Newsweek Rankings". www.newsweek.com. Retrieved 2024-01-07.
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