CXLoyalty (formerly Affinion Group and CUC ) is a private company based in Stamford, Connecticut that provides customer engagement and loyalty programs. Affinion designs, markets, and services programs that deal with customer relationships for other businesses. The company says it reaches 250 million consumers in 20 countries. In 2006, Affinion Group was cited by Forbes as number 321 on its list of largest private companies.
25-452: In 2016, Affinion reported a worldwide workforce of approximately 3,000. As of March 2015, the company had not reported a profit since 2004. According to its Bloomberg Business profile at the end of 2014, Affinion had about 5,500 marketing partners, 59 million subscribers in membership and insurance services, and 62 million customers for loyalty programs and credit or debit card enhancement services. In 2021, CXLoyalty's Global Loyalty division
50-694: A Supermicro server motherboard during manufacturing. Pingwest, a media company founded in Silicon Valley and based in Beijing , identified the chip mentioned in the article as a balun . Pingwest pointed out that its size made it impossible to implement any form of attack; it did not have the storage space required to store commands that would allow a hacker to infiltrate the hardware. They suggested that Businessweek had underestimated security standards employed by Amazon and Apple. The claims by Bloomberg have been heavily questioned. By 2 p.m. on
75-462: A memo was sent out to Bloomberg Businessweek staff members informing them the publication will relaunch sometime in 2024 as a monthly magazine and be redesigned with “heavier paper stock for a more high-end look and feel.” Brad Stone was appointed editor of the magazine in January 2024 and will oversee the transition to monthly publication. The magazine switched to publishing bi-weekly as part of
100-759: Is an American monthly business magazine published 12 times a year. Since 2009, the magazine is owned by New York City -based Bloomberg L.P. The magazine debuted in New York City in September 1929. Bloomberg Businessweek business magazines are located in the Bloomberg Tower , 731 Lexington Avenue , Manhattan in New York City and market magazines are located in the Citigroup Center , 153 East 53rd Street between Lexington and Third Avenue , Manhattan in New York City. The Business Week
125-607: Is the Visual Editor at The New York Times Styles desk. International editions of Businessweek were available on newsstands in Europe and Asia until 2005 when publication of regional editions was suspended to help increase foreign readership of customized European and Asian versions of Businessweek 's website. However, the same year the Russian edition was launched in collaboration with Rodionov Publishing House. At
150-530: The Online Journalism Awards highlighted Bloomberg Businessweek 's explanatory reporting work on “What Is Code?” Notable present and former employees of the magazine include: Stephen J. Adler Stephen J. Adler (born 1955) is an American journalist. He was editor-in-chief of Reuters from 2011 to 2021. Stephen Adler was born in 1955. His father, Norman, was a high school English department chairman, and his mother, Mildred,
175-871: The arrest and conviction of two Reuters journalists in Myanmar . He retired from Reuters in 2021. Adler is chairman of the board of the Reporters Committee for Freedom of the Press , and is a member of the boards of the Columbia Journalism Review and the Committee to Protect Journalists . Adler is author of the book The Jury: Trial and Error in the American Courtroom , which won the Silver Gavel Award from
200-478: The business world. The name of the magazine was shortened to Business Week in 1934. Business Week was originally published to be a resource for business managers. However, in the 1970s, the magazine shifted its strategy and added consumers outside the business world. As of 1975 , the magazine was carrying more advertising pages annually than any other magazine in the United States. In 1976 and 1977,
225-571: The day of publication, Apple , Amazon , and Supermicro issued blanket denials, which Bloomberg reported. Within the week, the United States Department of Homeland Security stated that it saw no reason to question those refutations. The National Security Agency and Government Communications Headquarters and NCSC also denied the article's claims. In 2021, Bloomberg published a follow-up article standing by its allegations. On Dec. 1, 2023, The New York Times reported
250-546: The high end of the speculated price, at $ 5 million, along with the assumption of debt. In early 2010, the magazine title was restyled Bloomberg Businessweek (with a lowercase "w") as part of a redesign. As of 2014 , the magazine was losing $ 30 million per year, about half of the $ 60 million it was reported losing in 2009. Adler resigned as editor-in-chief and was replaced by Josh Tyrangiel , who had been deputy managing editor of Time magazine. In 2016, Bloomberg announced changes to Businessweek , which
275-435: The late 1980s. He was succeeded by Stephen J. Adler of The Wall Street Journal . In 2006, Businessweek started publishing annual rankings of undergraduate business programs in addition to its MBA program listing. Businessweek suffered a decline in circulation during the late-2000s recession as advertising revenues fell one-third by the start of 2009 and the magazine's circulation fell to 936,000. In July 2009, it
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#1732800803419300-502: The magazine's name's form was changed from Business Week to BusinessWeek . Businessweek began publishing its annual rankings of United States business school MBA programs in 1988. Stephen B. Shepard served as editor-in-chief from 1984 until 2005 when he was chosen to be the founding dean of the CUNY Graduate School of Journalism . Under Shepard, Businessweek ' s readership grew to more than six million in
325-688: The necessary authenticating information. In 2012, Capital One Financial was also fined over add-on services provided by Affinion. In July 2015, the Consumer Financial Protection Bureau announced that Affinion had billed customers for services that had not actually been provided, claiming that the company owed consumers $ 6.8 million in refunds, and would have to pay civil penalties amounting to $ 1.9 million. Bloomberg Business [REDACTED] Bloomberg Businessweek , previously known as BusinessWeek (and before that Business Week and The Business Week ),
350-415: The role in January 2018 and Joel Weber was appointed by the editorial board in her place. On October 4, 2018, Bloomberg Businessweek published "The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies", an article by Jordan Robertson and Michael Riley which claimed that China had hacked dozens of technology corporations including Amazon and Apple by placing an extra integrated circuit on
375-526: The same time, Businessweek partnered with InfoPro Management, a publishing and market research company based in Beirut, Lebanon , to produce the Arabic version of the magazine in 22 Arab countries. In 2011, Bloomberg Businessweek continued the magazine's international expansion and announced plans to introduce a Polish-language edition called Bloomberg Businessweek Polska , as well as a Chinese edition which
400-584: The top business magazine in the country. In 2012, Bloomberg Businessweek won the general excellence award for general-interest magazines at the National Magazine Awards . Also in 2012, Bloomberg Businessweek editor Josh Tyrangiel was named magazine editor of the year by Ad Age . In 2014, Bloomberg Businessweek won a Society of American Business Editors and Writers Best in Business award for magazines, general excellence. In 2016,
425-502: The transition, starting in January. In early 2010, the magazine title was restyled Bloomberg Businessweek (with a lowercase "w") as part of a redesign. During the following years, the bold, eclectic, playful, and memetic face of Businessweek was cultivated largely by Businessweek 's Creative director, Richard Turley then Rob Vargas (from 2014), and Deputy Creative director Tracy Ma (from 2011 through 2016). During her time at Businessweek , Ma worked on over 200 issues. Now she
450-410: Was a writer and social worker. He graduated from Harvard University in 1977 and from Harvard Law School in 1983. He began his career as a reporter for Tampa Times and Tallahassee Democrat . He joined The American Lawyer in 1983, then in 1988 joined The Wall Street Journal as legal editor. He was promoted to assistant managing editor in 1998 and to deputy managing editor in 2000. He
475-692: Was acquired by JPMorgan Chase . The remaining Global Customer Engagement division announced a rebranding to Tenerity, Inc. in April 2021. Affinion has paid millions of dollars in civil claims and state attorney general claims, in 47 states, for unfair and deceptive trade practices, and faces multiple class-action lawsuits. In December 2006, Trilegiant settled allegations of deceptive selling practices for failing to inform customers of auto-renewal on their membership products. In 2013, Affinion settled allegations with 47 states that its companies misled consumers regarding membership in discount clubs. A $ 19 million fund
500-488: Was editor-in-chief of BusinessWeek from 2005 to 2009. During his five-year tenure, the magazine and its website won more than 100 awards. He joined Thomson Reuters in 2010 as senior vice president and editorial director of the company's Professional Division. In 2011, he was named editor-in-chief of Reuters News, where he directed the editorial operations and news strategy for the company. During his tenure, Reuters won eight Pulitzer Prizes. In 2018, he spoke out against
525-498: Was first published based in New York City in September 1929, weeks before the stock market crash of 1929 . The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made The Business Week one of the first publications to cover national political issues that directly impacted
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#1732800803419550-578: Was instituted to refund customers who had been subject to unauthorized charges. Affinion acted as a third-party vendor for US Bank , which in 2014 was fined $ 9 million and compelled to pay $ 47 million in restitution, to resolve allegations that it had charged consumers for services that had not been provided. A spokesman for the bank said "We will be compensating customers who did not receive full services from Affinion, and providing our apology." According to an Affinion spokesman, some consumers were mistakenly billed for services, even though they had not provided
575-456: Was losing between $ 20 and $ 30 million. Nearly 30 Bloomberg News journalists were let go across the U.S., Europe and Asia and it was announced that a new version of Bloomberg Businessweek would launch the following year. In addition, editor in chief Ellen Pollock stepped down from her position and Washington Bureau Chief Megan Murphy was named as the next editor in chief. Megan Murphy served as editor from November 2016; until she stepped down from
600-478: Was relaunched in November 2011. Bloomberg Businessweek launched an iPad version of the magazine using Apple's subscription billing service in 2011. The iPad edition was the first to use this subscription method, which allows one to subscribe via an iTunes account. There are over 100,000 subscribers to the iPad edition of Businessweek . In the year 2011, Adweek named Bloomberg Businessweek as
625-558: Was reported that McGraw-Hill was trying to sell Businessweek and had hired Evercore Partners to conduct the sale. Because of the magazine's liabilities, it was suggested that it might change hands for the nominal price of $ 1 to an investor who was willing to incur losses turning the magazine around. In late 2009, Bloomberg L.P. bought the magazine—reportedly for between $ 2 million to $ 5 million plus assumption of liabilities—and renamed it Bloomberg BusinessWeek . News reports published in 2019 suggest McGraw-Hill received
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