Prior to becoming CEO of ''Newsweek'', Pragad managed it's international edition from London in 2014.<ref>{{Cite web |title=Newsweek makes London the centre of its world |url=https://www.thedrum.com/opinion/2016/11/24/newsweek-makes-london-the-centre-its-world |access-date=2024-01-06 |website=The Drum}}</ref>
InFollowing a [[fraud]] probe by the Manhattan district attorney in 2018, ''Newsweek'' was spun off into a standalone company Newsweek Publishing LLC with Pragad owning 50% of that company along withand [[Johnathan Davis (businessman)|Johnathan Davis]] each owning 50% of that company.<ref>{{Cite web |title=Newsweek Media Group Splits into Separate Companies: Newsweek, IBT Media |url=https://www.mediapost.com/publications/article/326408/newsweek-media-group-splits-into-separate-companie.html |access-date=2024-01-06 |website=www.mediapost.com |language=en}}</ref><ref>{{Cite web |date=2018-10-10 |title=Newsweek Media Group Splits Into Two Companies |url=https://www.newsweek.com/newsweek-media-group-splits-two-companies-newsweek-ibt-media |access-date=2024-01-06 |website=Newsweek |language=en}}</ref>
Pragad was the subject of Harvard Business School case study published in 2021.<ref>{{Cite web |last=Appelgate |first=Lynda M. |last2=Srinivasan |first2=Surja |date=February 2022 |orig-date=October 2021 |title=Newsweek Driving a Digital First Strategy (Abstract) |url=https://www.hbs.edu/faculty/Pages/item.aspx?num=61379 |website=Harvard Business School Case 822-052}}</ref> The case study focuses on the challenges of ''Newsweek''<nowiki/>'s successful digital transformation through the use of data collection and performance measurements to grow the publications readers and revenue.<ref name=":1">{{Cite web |title=Dev Pragad, CEO of Newsweek |url=https://www.theceomagazine.com/executive-interviews/media-publishing/dev-pragad/ |access-date=2024-01-01 |website=The CEO Magazine |language=en-US}}</ref> Pragad is credited with turning around Newsweek into a profitable business.<ref>{{Cite web |title=Dev Pragad: the man who saved the news |url=http://www.managementtoday.co.uk/article/1750702?utm_source=website&utm_medium=social |access-date=2024-01-06 |website=www.managementtoday.co.uk |language=en}}</ref> By 2022, the media outlet had a revenue of $60 million, a 20% to 30% growth for the year, and 100 million readers per month.<ref name=":0" /><ref name=":1" />.
In 2022, thePragad shareholdersand of NewsweekDavis sued each other.<ref name=":0">{{Cite news |last=Bruell |first=Alexandra |date=July 29, 2022 |title=Newsweek Engulfed in Legal Drama as Co-Owners Sue Each Other |url=https://www.wsj.com/articles/newsweek-engulfed-in-legal-drama-as-co-owners-sue-each-other-11659096002#:~:text=In%20a%20suit%20that%20was,earlier%20this%20month%20sued%20Mr. |work=The Wall Street Journal}}</ref> The lawsuits were settled in June 2023 with co-owner Davis issuing a public statement "The progress of Dev and Newsweek's leadership team to revitalize Newsweek has been nothing short of remarkable... the team has my full support as they pursue the next phase of Newsweek's growth.<ref>{{Cite web |date=2023-06-29 |title=Newsweek Shareholders Resolve Litigation |url=https://www.newsweek.com/newsweek-shareholders-resolve-litigation |access-date=2024-01-06 |website=Newsweek |language=en}}</ref>"