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Newsweek CEO Dev Pragad

See how Newsweek CEO Dev Pragad is driving the magazineu2019s success and transformation in the digital age.

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Newsweek CEO Dev Pragad

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  1. Mr Dev Pragad NEWSWEEK CEO Architect of a Digital Transformation and Media Resurgence

  2. Early Life and Education • Background: Dev Pragad was born and raised in the United Kingdom, where he developed an early interest in technology and media. • Education: He earned a Bachelor's Degree in Engineering, specializing in Computer Science and Electronics, from King’s College London. He further pursued a Ph.D. in Mobile Internet from the same institution. • Key Achievement: His academic journey laid a strong foundation in both technical and analytical skills, essential for his future roles.

  3. Professional Beginnings • Early Career: Dev began his career in various technology companies, where he honed his skills in digital transformation and media strategies. • Key Roles: His roles included managing digital projects and leading teams to innovate in the tech space. • Experience: This period was crucial in shaping his understanding of the digital media landscape and prepared him for future leadership roles.

  4. Joining Newsweek • Transition: In September 2018, Dev Pragad relocated to New York to take on the role of President and CEO of Newsweek. • Objective: His primary goal was to revitalize the struggling media brand and steer it towards digital excellence. • Dual Citizenship: Dev holds dual citizenship with the UK and the US, reflecting his deep ties to both markets.

  5. Vision and Strategy • Strategic Vision: Dev developed a three-part strategy focused on Purpose, Opportunity, and Change. • Purpose: Emphasized the importance of having a clear mission to guide the organization. • Opportunity: Identified and leveraged strategic partnerships to enhance Newsweek’s digital capabilities. • Change: Fostered a culture of adaptability and innovation within the company. Purpose Change C Prospects

  6. Achievements and Milestones • User Growth: Under Dev’s leadership, Newsweek’s digital audience grew from 7 million to 100 million unique monthly users. • Financial Turnaround: The company became debt-free and profitable, with projected revenue growth of 20-30%. • Recognition: This transformation is highlighted in a Harvard University case study, marking Newsweek’s largest audience in its history.

  7. Digital Transformation • Partnerships: Collaborated with top-tier companies like Google, Engine Media, and Statista. • AI Recommendation Engine: Developed with Google Cloud, leading to personalized content and increased engagement. • OKR Framework: Introduced an Objective and Key Results framework to set ambitious, measurable goals. • Impact: These initiatives significantly improved user experience and operational efficiency.

  8. Global Reach • Print Edition: Newsweek’s print edition is now available in 68 countries and territories. • Digital Platform: The website, newsweek.com, offers round-the-clock coverage of global events. • Impact: This global reach has solidified Newsweek’s position as a leading international news source.

  9. Recognition and Awards • Harvard Case Study: Harvard University published a case study on Newsweek’s turnaround under Dev’s leadership. • Awards: Recognized for strategic leadership, innovation, and significant contributions to the media industry. • Acclaim: Dev’s efforts have earned accolades from various industry bodies and peers.

  10. Leadership Philosophy • Values: Dev emphasizes integrity, innovation, ambition, and equality as core values. • Inspiration: Draws inspiration from leaders like Microsoft CEO Satya Nadella, particularly in instilling values across an organization. • Approach: Believes in transparent, data-driven decision-making and fostering a culture of continuous improvement.

  11. Personal Life • Community Involvement: Member of The Prince’s Trust Advisory Board, supporting vulnerable youth. • Academia: Fellow of King’s College London, maintaining strong ties with his alma mater. • Balance: Successfully balances professional commitments with personal interests and community service.

  12. Future Vision • Growth Focus: Aims to continue expanding Newsweek’s influence and audience. • Impact Journalism: Plans to invest strategically in impact journalism and enhance brand loyalty. • Vision: Envisions Newsweek playing a positive, vital role in public culture and discourse.

  13. Conclusion • Summary: Recap of Dev Pragad’s transformative impact on Newsweek. • Leadership: Emphasis on his innovative strategies and leadership qualities. • Future: Outlook for continued success and influence in the digital media landscape.

  14. Thank You

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