OLD Media Moves

BW editor to staff: Keep your chin up

September 29, 2009

Keith Kelly of the New York Post writes Tuesday that the BusinessWeek staff is hoping that the business weekly will be acquired by Bloomberg News.

Kelly writes, “BusinessWeek Editor-in-Chief Steven Adler sent a ‘keep your chins up’ memo to staffers on Sunday, as hopeful staffers speculated that the McGraw-Hill Cos. board had met to accept an offer from Mike Bloomberg’s Bloomberg LP to purchase the struggling weekly.

“‘Thanks for continuing to do great work, week after week, despite all the uncertainty, distractions and frequently ridiculous rumors you’ve had to handle,’ Adler’s memo said.

“Late yesterday, a source said the board has yet to meet to consider the Bloomberg offer or any other offer. The board is not expected to meet in the next few days.”

Read more here.

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