Peter Goodman named editor-in-chief of International Business Times
Peter S. Goodman has been named editor-in-chief of The International Business Times, the flagship digital publication of a burgeoning company, IBT Media, that caught the eye of media-watchers when it bought Newsweek last year.
Goodman will step down from his role as executive business editor and global editor at The Huffington Post, where the New York Times veteran was one in a handful of prominent legacy journalists to bring some added firepower to the site over the past several years. He recently helped oversee the launch of its new global publication, WorldPost.
In his new job, Goodman will oversee ten country editions in seven languages. He replaces Jeffrey Rothfeder, who left The International Business Times in January after his contract was up, as Capital first reported.
Goodman brings a bit of star power to a site that has largely been flying under the radar since its launch in 2006 despite building up a global audiece of roughly 30 million monthly viewers, according to the company.
His departure from HuffPost comes just weeks after Tim Armstrong, C.E.O. of the site's parent company, AOL, ingnited a controversy when he made reference during an internal conference call about a 401(k) scaleback to "two AOL-ers that had distressed babies," thereby costing the company $1 million each in healthcare costs. Goodman was one of the AOL-ers in question, and his wife spoke publicly about the remarks after they were first reported by Capital.
But in an interview witih the Times, Goodman suggested that wasn't his reason for moving on, saying, “That was a really painful moment for my family and that’s been talked about, but that is not where my head is focused today,”
In a statement, I.B.T. Media co-founder Johnathan Davis said Goodman has "demonstrated deep understanding" of "global coverage in a digitally-native environment."
Goodman said I.B.T. is "poised to dramatically expand its reach by investing in increasingly ambitious journalism."
IBT Media is gearing up for Newsweek's re-launch in print this Friday. The resurrected magazine is led by fellow Times alumnus Jim Impoco and has added marquee bylines like Kurt Eichenwald and Matthew Cooper in its new iteration.
Davis told the Times this week that the privately held company posted a profit of $500,000 on about $21 million in revenue last year.