For less than the cover price, you could own BusinessWeek
Andrew Edgecliffe-Johnson of The Financial Times writes that the price to acquire BusinessWeek may be as low as $1. Edgecliffe-Johnson writes, “Industry members and bankers said Time Warner’s Time Inc, publisher of Fortune, or Forbes would be unlikely to bid for a rival facing similar challenges to themselves. Condé Nast closed Portfolio , a glossy […]
McGraw-Hill statement on exploring sale of BusinessWeek
Jon Fine, who covers the media industry for BusinessWeek, has the statements from the magazine’s parent company and the magazine’s president about exploring a sale of the glossy. In an e-mail to BusinessWeek employees, BusinessWeek President Keith Fox said, “We all know that the media industry is facing unprecedented challenges. The growth of digital innovation […]
Friedman: No biz magazine is safe
Jon Friedman of Marketwatch writes Monday that the fact that McGraw-Hill is trying to sell BusinessWeek shows that no publication should be safe. Friedman, a former BusinessWeek writer, writes, “No matter how glorious or storied your history might be, what matters now is your ability to sell ads in a prolonged downturn and capitalize on […]
BusinessWeek's potential buyers: Dow Jones and Bloomberg
Rafat Ali of PaidContent.org writes Monday that the potential buyers for BusinessWeek magazine include Bloomberg L.P. and News Corp./Dow Jones. Ali also notes that the co-chairman of the investment bank hired to shop the business glossy has been on McGraw-Hill’s board since 1996. Ali writes, “With this, speculation on the fate of BusinessWeek becomes slightly […]
BusinessWeek up for sale
McGraw-Hill has hired investment banker Evercore Partners Inc. to sell BusinessWeek magazine, writes Serena Saitto and Greg Bensinger of Bloomberg News, according to a person with knowledge of the situation. Saitto and Bensinger write, “The person declined to be identified because the information isn’t public. Spokesmen for McGraw-Hill and Evercore, which are both based in […]
The magazine bloodbath continues
TALKING BIZ NEWS EXCLUSIVE The second three months of 2009 was a disaster in the business magazine sector, as no publication reported an increase in advertising revenue or an increase in ad pages. The overall magazine industry saw a 22 percent decline in ad revenue and a 29.5 percent decline in ad pages, according to […]
BusinessWeek writer wins top real estate writing award
Mara Der Hovanesian of Business Week has won the Robert F. Brennan Award from the National Association of Real Estate Editors for the best overall entry in its annual reporting contest. The judges said Der Hovanesian’s entry “managed to uncover and get people to talk about the sleazy underbelly of the mortgage business. People obviously open […]
Loeb Award picks for tonight
TALKING BIZ NEWS EXCLUSIVE The Gerald Loeb Awards, considered the Pulitzer Prizes of business journalism, are being handed out at a dinner in New York on Monday night. Here are my selections. I am basing them on what I have read in the past year, as well as the reputation of the journalists and publications […]
Bartiromo's weak interview with Summers
Ryan Chittum of Columbia Journalism Review lets Maria Bartiromo have it over her poor interview with White House economic advisor Larry Summers. Chittum writes, “Bartiromo — again — doesn’t ask Summers about his being ‘bought and paid for’ by Wall Street, as Portfolio’s Ryan Avent put it — pointing to a Felix Salmon rundown of Summers’ […]
BusinessWeek.com unveils redesign
BusinessWeek.com editor John Byrne writes about the Web site’s redesign and how the magazine’s online presence is performing. Byrne writes, “What hasn’t changed is as important as what has: our commitment to the highest standards of journalism and our goal to create a site with the deepest and most meaningful engagement of its readers. We […]
