Shepard was a senior editor at Newsweek and an editor of the Saturday Review. Shepard established and directed the Knight-Bagehot Fellowship in Economic and Business Journalism at the Columbia University Graduate School of Journalism from 1971 to 1976 and served as an adjunct professor of the school's faculty.[3] The Knight-Bagehot Fellowship is a one-year program that allows business journalists to take a series of classes through the School of Journalism in business, law and international affairs.[4] From 1984 to 2005, Shepard was the editor-in-chief of BusinessWeek.[3]
City University of New York trustees selected Shepard to serve as the inaugural dean of the CUNY Graduate School of Journalism in November 2004. The school was to start with an enrollment of 50 students in August 2006 and expand to a total of 200 students. Shepard told employees that at BusinessWeek that he was disappointed to leave the magazine, but had been drawn to the academic post by the way it combined journalism, public education and New York City, three things that he cared a great deal for.[1]Stephen J. AdlerofThe Wall Street Journal was named to succeed Shepard as editor in chief at BusinessWeek.[5] Shepard served as dean of the CUNY Graduate School of Journalism until December 31, 2013, but remained on the faculty. [6]
Shepard has written three books. The first, Deadlines and Disruption: My Turbulent Path From Print to Digital, was published in 2012 by McGraw-Hill. (The Washington Post, November 2, 2012.) His second book, A Literary Journey to Jewish Identity: Re-Reading Bellow, Roth, Malamud, Ozick, and Other Great Jewish Writers, was published in 2018. And his third book, Second Thoughts: On Family, Friendship, Faith, and Writers, was published in 2021.
^Steinberg, Jacques. "BusinessWeek Chooses Outsider as Editor in Chief", The New York Times, December 7, 2004. Accessed February 1, 2023. "BusinessWeek, reaching outside its own ranks, announced yesterday that it had selected Stephen J. Adler, a senior editor of The Wall Street Journal, as its next editor in chief."
^Haughney, Christine. "CUNY Journalism Program to Lose Dean", The New York Times, February 24, 2013. Accessed February 1, 2023. "Another major journalism school is starting a search for a new leader. The City University of New York plans to announce that Stephen B. Shepard, the founding dean of its journalism program, is stepping down at the end of the year."