Jon Fine of BusinessWeek writes that another bidder for BusinessWeek has come forward.
“ZelnickMedia, founded and run by former President-CEO of the Bertelsmann-owned record label BMG Entertainment Strauss Zelnick, owns stakes in video game company Take Two software, infomercial company Cannella Response Television, and the Tokyo-based music company Columbia Music Entertainment, among others.
“A McGraw-Hill spokesman would not make any comment beyond the two-sentence statement the company issued on July 13 confirming it was ‘exploring strategic options’ for BusinessWeek.”
Read more here. Fine notes that the BusinessWeek staff favors a bid by Bruce Wasserstein.Â
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