How did Tyrangiel put all that together in an age when print is supposed to be dying? And is his reborn product making money? Are advertisers ponying up? Are circulation revenues on the rise? How is the magazine keeping itself from being victimized by the Web—or is it? How does its progress compare with a parallel effort to beef up Bloomberg’s long-suffering cable-TV network? What’s the difference? And how does all of this fit into the larger strategy of the Bloomberg company?

Steven Brill , the author of Class Warfare: Inside the Fight To Fix America’s Schools, has written for magazines including New York, The New Yorker, Time, Harper's, and The New York Times Magazine. He founded and ran Court TV, The American Lawyer magazine, ten regional legal newspapers, and Brill's Content magazine. He also teaches journalism at Yale, where he founded the Yale Journalism Initiative.