Keith Kelly of the New York Post writes that there are increasing rumors that McGraw-Hill is shopping BusinessWeek magzine.
Kelly writes, “Indeed, potential suitors would be hard to find.
“Time Inc., owners of For tune, has its own troubles, as ad pages there have tumbled 39 percent so far this year. Forbes is down 39 percent. Joe Mansueto, the Morningstar founder, hasn’t had a very good experience owning Inc. and Fast Company.
“Bloomberg L.P., the company founded by Mayor Mike Bloomberg, owns a few publications and has former Time Inc. Editor-In-Chief Norman Pearlstine on staff, making them a potential candidate to take a look, though whether they would remains unclear.
“The magazine has struggled mightily in recent years and operated at a loss of more than $20 million last year, according to one estimate.”
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