New bidder for BusinessWeek?
ZelnickMedia LLC, a New York-based investment firm, is teaming with the former publisher of The Wall Street Journal, L. Gordon Crovitz, to make a possible run for BusinessWeek, according to a story by Tom Lowry of BusinessWeek. Lowry writes, “Interest by the Zelnick-Crovitz team offers an intriguing twist to the months-long sale of the 80-year-old […]
Forbes on BusinessWeek, paying for online content
Jeff Bercovici of DailyFinance.com interviews Forbes CEO Steve Forbes about what’s going on at BusinessWeek magazine, one of his rivals. Bercovici writes, “‘BusinessWeek has faced what a lot of us have faced, but they’ve faced it more severely,’ he said. ‘It’s a storm that has spared no one. Rather than buying up others, we’ve been […]
Why BusinessWeek should celebrate its 80th birthday
Former BusinessWeek staffer Gary Weiss writes about why the weekly magazine should celebrate its 80th birthday. Weiss writes, “It’s not too late, and I hope BW comes out with an 80th Anniversary issue. It has a tradition to be proud of, even if the magazine under its recent management has clearly lost touch with its […]
No word on BusinessWeek offers
Keith Kelly of the New York Post writes Wednesday about the rumors floating around the BusinessWeek bidders, particularly Bloomberg L.P. Kelly writes, “The media side of the company is believed to operate at a loss, but the hiring of high-profile execs like ex-Time Inc. editor-in-chief Norman Pearlstine as chief content officer and former NBC News […]
BusinessWeek receives multiple offers
Jon Fine of BusinessWeek reports that the weekly business magazine has received multiple acquisition offers, including from from Bloomberg. Fine writes, “Other than Bloomberg, among the bidders — plural, as there are more than one — for BusinessWeek is OpenGate Capital, the private equity firm that owns TV Guide magazine. “A bid from Bloomberg is […]
Business news sites gained traffic in August, yearly data strong
Five business news sites were among the top 30 sites in terms of traffic gained in August, according to data from TNS Media. BusinessWeek magazine saw a 21 percent gain to 5.7 million viewers from July. Its viewership is now up 52 percent for the past year. Only three other sites saw a bigger increase […]
BusinessWeek: What went wrong
Bruce Nussbaum of BusinessWeek writes Thursday about what happened at the business weekly that caused parent McGraw-Hill to want to sell. Nussbaum writes, “It’s a very complex question. Let me give you my best shot, devoid of emotion. I think the answer to what went wrong was culture. I think despite many, many, many efforts […]
Uneven coverage of BusinessWeek sale
Former BusinessWeek staffer Gary Weiss writes that the coverage of the sale of the weekly magazine has been contradictory in terms of whether there will be layoffs. Weiss writes, “Meanwhile, the Wall Street Journal said today that the layoff was ‘an option presented to bidders as a starting point to make the publication profitable again.’ […]
Layoffs coming at BusinessWeek?
Stephanie Clifford at the New York Times has an internal BusinessWeek memo that details layoffs should the magazine be sold. Clifford writes, “The document then details exactly where those layoffs will come from. “‘The following table outlines the total number of employees by function as of April 30, 2009, and pro forma for the impact […]
Bloomberg in front for BusinessWeek
Keith Kelly of the New York Post reports that Bloomberg appears to be in the lead in the bidding for BusinessWeek magazine. Kelly writes, “While the mayor himself did not hear BusinessWeek owner McGraw-Hill’s pitch, sources said a team of Bloomberg LP executives, led by President Dan Doctoroff and Chief Content Officer Norman Pearlstine, did. […]
