PeterÂ Kafka at Silicon Alley Insider is reporting that BusinessWeek is laying off eight to 10 staff members from the print magazine, while its web operations remain unscathed.
Kafka wrote, “Notables include national editor Anthony Bianco and photo editor Larry Lippman. Our mole’s summary of BW’s financial picture: ‘Ad pages way down for mag, .com up, but McGraw Hill share price in the toilet after the S&P ratings debacle.'”
Talking Biz News received a similar message within the hour stating, “BusinessWeek just cut about a dozen more editorial staff positions, mostly senior editors (on print side).” However, calls and e-mails toÂ PR people KimberleyÂ Quinn and Heather Carpenter have not yet been returned. (UPDATE: See memo they promptly sent from editor Stephen Adler above.)
Bianco wrote the acclaimed book “The Bully of Bentonville: How the High Cost of Wal-Mart’s Everyday Low Prices is Hurting America.” He also wrote “Rainmaker,” a biography of the former Wall Street deal maker Jeff Beck.