Dev Pragad (born 1984) is the British-American president and CEO of Newsweek. He is also co-owner of Newsweek acquiring a half-interest in 2018.[1] Under his tenure Newsweek returned to profitability, and reaches 100 million readers a month.[2]
Dev Pragad | |
|---|---|
 | |
| Born | 1984 or 1985 (age 39–40)[1] India |
| Citizenship | British American |
| Education | King's College LondonHarvard Business School |
| Occupation | Businessman |
| Known for | CEO and co-owner of Newsweek |
Early life and education
Pragad was born in India, grew up in the United Kingdom and graduated from King's College London with a Bachelor of Engineering in computer science/electronics and a Ph.D. in the mobile Internet. He later relocated to New York and became an American citizen, holding dual citizenship with the UK. He graduate from the Owner President Management program – an Alumni granting 2 year executive program -- at Harvard Business School.[3][4][5]
Career
Prior to becoming CEO of Newsweek, Pragad managed its international edition from London in 2014.[6]
In 2018 Newsweek was spun off into a standalone company Newsweek Publishing LLC from IBT Media with Pragad and Johnathan Davis each owning 50% of that company.[7][8][9]
Pragad was the subject of Harvard Business School case study published in 2021.[10] The case study focuses on the Newsweek's digital transformation through the use of data collection and performance measurements to grow the publications readers and revenue. Pragad is credited with turning around Newsweek into a profitable business.[11] By 2022, the media outlet was profitable and had a 20% to 30% growth for the year, and 100 million readers per month.[12]
Under Pragad's leadership, Newsweek secured interviews with heads of state, including Prime Minister Narendra Modi of India and Prime Minister Fumio Kishida of Japan.[13][14]
In April 2024, Newsweek magazine published a cover story on Modi, following an interview conducted by Newsweek along with global editor in chief Nancy Cooper at Modi's residence in New Delhi.[14]
Pragad launched the[15][16][17][18] Newsweek Rankings, which has become the fastest-growing part of the business.[19] The rankings include the[20][21] World's Best Hospitals, Auto Disruptor Awards, and other corporate and employer rankings.[22]
Other roles
He is a member of the advisory board of the Prince's Trust USA.[23] He is an honorary fellow of King's College London.[1]