TALKING BIZ NEWS EXCLUSIVE
The deal by Bloomberg LP to acquire BusinessWeek magazine is expected to close on Tuesday, Dec. 1, so the BusinessWeek staff plans to have farewell drinks Monday night for the employees who won’t be moving to the new owner.
Meanwhile, Bloomberg plans to throw a party on Tuesday to celebrate the close of the deal. UPDATE: A Bloomberg staffer sends along the following invitation, which calls the event a “reception” for its new BusinessWeek colleagues.
The BusinessWeek festivities — goodbye to departing staffers — are scheduled to begin this evening at 5:30 at the Playwright’s Tavern, just around the corner from the McGraw-Hill building, on the third floor.
With many BusinessWeek staffers leaving Tuesday, and the latest issue of the magazine going to the printers on Wednesday night, there’s concern among those remaining as to how exactly the issue will get out on time.
“I’m going in today to try and do some advance editing,” said one staffer this weekend.
One staff member said that the BusinessWeek finance team is already working with reporters at Bloomberg to try to pull together a story for the next issue, and expects some Bloomberg writers to take over the columns inside the weekly, including the one written by Gene Marcial on Wall Street.