Business has its ups and downs, and so, naturally, do women in business. (Bye-bye, Martha!) But the story of this list is one of achievement: The credentials of these women, including the 13 newcomers, are the strongest yet. By Katie Benner, Eugenia Levenson, and Rupali Arora | | | | 18 of 50 | 18. Judy McGrath 2006 rank: 12 Age: 55
MTV Networks delivers more than half of parent Viacom's sales. Revenues in McGrath's division rose 7% last year, to $7.2 billion, and operating income 11%. But youth culture is fickle, and MTV's buzz has lessened since her mentor, Tom Freston, was fired in 2006. McGrath has her reputation for cutting-edge creativity riding on two projects: a social networking platform, Flux, and an investment in VBS.tv, the online video offshoot of hipster magazine Vice.
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