What combining BusinessWeek.com and Bloomberg.com would mean
Rafat Ali of PaidContent.org has written a commentary Thursday afternoon about what a proposed sale of BusinessWeek magazine to Bloomberg L.P. would mean for their combined Web operations. Ali writes, “Whichever numbers you believe, even a combined BW+Bloomberg online will be nowhere near the giant in the space. Yahoo Finance is averaging about 25 million […]
Thomson Reuters working with Zelnick Media on BW bid
Rafat Ali of PaidContent.org reports that Thomson Reuters is participating in the bid for BusinessWeek that was put together by Zelnick Media. Ali reports, “It will not contribute any cash to the deal, if successful, but presumably will have some sort of a content and distribution arrangement. Also, with Zelnick’s bid, we have also learned […]
Zuckerman drops out of BW bidding
New York Daily News owner Mort Zuckerman has also dropped out of the bidding for BusinessWeek magazine a ‘few days ago,’ a person familiar with the matter said on Tuesday, Reuters is reporting. Anupreeta Das reports, “Zuckerman, co-founder and chairman of real estate investment trust Boston Properties Inc, had put in a last-minute bid for […]
Private equity firm drops out of BusinessWeek bidding
Private equity firm OpenGate Capital has dropped out of the bidding for BusinessWeek, according to a Reuters report. Anupreeta Das and Robert MacMillan report, “OpenGate had put in a bid for the 80-year-old magazine last month, along with Bloomberg LP, ZelnickMedia and Boston Properties Inc. co-founder and New York Daily News owner Mort Zuckerman. “But […]
Zuckerman bidding on BusinessWeek
Tom Lowry of BusinessWeek reports that New York Daily News owner Mort Zuckerman, who also owns U.S. News & World Report, is bidding to acquire the business weekly. Lowry reports, “In a telephone interview with BusinessWeek, the real estate billionaire would only confirm that he bid for the magazine. He declined to elaborate on the […]
Potential BW buyers revise bids
At least four bidders for BusinessWeek have submitted revised bids this week, writes Tom Lowry of BusinessWeek. Lowry writes, “Bankers frequently allow for revised bids in case potential buyers weren’t fully prepared initially, or that the parties learn of new information during interim due diligence. “Among those submitting revised bids were financial data giant Bloomberg […]
McGraw-Hill leaning toward selling BusinessWeek to Bloomberg
McGraw-Hill appears to be favoring a sale of its money-losing BusinessWeek magazine to Bloomberg L.P., write Anupreeta Das and Robert MacMillan of Reuters. Das and MacMillan write, “A price for BusinessWeek could not be learned. “McGraw-Hill considers Bloomberg, a privately held provider of news and financial data, as the best buyer for BusinessWeek because it […]
BW editor to staff: Keep your chin up
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 […]
BusinessWeek tries to drum up ad interest
Stuart Elliott and Stephanie Clifford of The New York Times write about Advertising Week, and mention that BusinessWeek had a large presence. Elliott and Clifford write, “One traditional name with a big presence was BusinessWeek magazine, which sought to drum up interest with a campaign carrying the theme “BusinessWeek moves brands forward.†“The magazine’s presence […]
Two biz reporters taking leave from media beat
Peter Kafka of All Things Digital reports that two well-known business journalists covering the media beat: Tim Arango of the New York Times and Jon Fine of BusinessWeek, are off the territory for the time being. Kafka writes that Fine is taking a six-month sabbatical to travel the world. As for Arango, he writes, “I’ve […]
