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Media: All about ... The Economist.(editor Bill Emmott steps down, company forecast)
What will Bill Emmott's departure mean for the title, Ian Darby asks.
Everything at The Economist seems to be done with a certain sense of decency and style.
Take last week's announcement that its editor, Bill Emmott, is to step down. The news didn't dribble out in a mess of rumour and innuendo - it came in the form of a valedictory statement that trumpeted Emmott's achievements.
Emmott, 49, is off to write books, focusing on his great fascination with Japan and China. Sir Robert Wilson, the chairman of The Economist Group, praised Emmott for 'setting ever-higher standards of analysis and commentary for the paper' before setting The Economist's board of directors and trustees the task of replacing him.
Favourites for the job include the title's deputy editor, Emma Duncan, and US editor, John Mickle-thwait. The new editor is expected to be in place by the end of March.
The Economist is riding high. Its group turnover in 2005 rose to pounds 197 million and profits grew to pounds 27 million on the back of circulation rises and ad and sponsorship revenue increases of 5 per cent.
So will Emmott's departure have an impact on this achievement? Alan Dunachie, the director of operations at The Economist, says: 'Bill will be a difficult act to follow, but I have no doubt that his departure won't affect our commercial success.
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