Steve Adler resigned as editor in chief of BusinessWeek, the New York Post's Keith Kelly reports, effective as soon as Bloomberg LP completed its expected takeover of the McGraw-Hill magazine. This was to be expected.

There's been talk of insular Bloomberg gutting BusinessWeek and moving the financial information company's own staff; even if things don't go that far, it's hard to imagine the editor atop the financially troubled magazine finding much of a leadership for himself at Bloomberg.

(Pic: Adler, Getty Images.)