Long-time Economist journalist John Micklethwait has been announced as the new editor of The Economist. He will start immediately, following Bill Emmott, who resigned last month after 13 years editing the magazine. Under Bill Emmott, The Economist’s the circulation grew from 510,578 to 1.1 million.
Micklethwait said in a statement: “I am honoured to have been given the chance to edit this great newspaper. I have always thought that this was the best job in journalism anywhere in the world."
Micklethwait has worked at the magazine edited the business section for four years and set up the magazine’s Los Angeles bureau. He was also media correspondent, bureau chief in New York and has latterly been based in London as US editor.
The news will come as a shock to bookies Paddy Power who had stopped taking bets on the Economist’s business affairs editor Ed Carr becoming editor after several large bets of £500 had been placed on his ascension to the chair.