• BusinessWeek, Tuesday, October 20, 2009 11:05 PM

Stephen Adler, who has been editor-in-chief of BusinessWeek for more than four years, will resign in December. On Oct. 13, BusinessWeek's announced it was being sold to Bloomberg and the sale should be completed in early December.

Adler's resignation gives Bloomberg's chief content officer, Norman Pearlstine, the opportunity to hand pick his own candidate for the top editorial job. Adler and Pearlstine were once colleagues at The Wall Street Journal. It is rare that the top editor of a magazine that is acquired stays on in that role.

When Adler was recruited to BusinessWeek in late 2004, he was largely seen as a talented and ambitious editor itching to lead his own news organization. While Adler's time at the magazine coincided with a challenging advertising climate, BusinessWeek's weekly readership remained steady at nearly 5 million.

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