Newsweek entered a new era under Dev Pragad’s leadership after he acquired a major stake in the storied American news magazine and became its President and CEO. Facing declining readership and an uncertain future, the publication underwent a successful digital transformation that expanded its monthly audience from millions to more than 100 million readers while restoring profitability. The turnaround demonstrated how new approaches to digital publishing could revive a legacy news institution. Pragad’s success also marked a milestone in the evolution of the Indian diaspora, from contributing to American journalism to owning and reshaping one of its iconic media brands.
