OLD Media Moves

BW editor: Readers will benefit from sale to Bloomberg

October 15, 2009

BusinessWeek editor in chief Stephen Adler writes in the latest issue of the magazine what its proposed sale to Bloomberg LP means.

Adler writes, “McGraw-Hill has been the most benevolent of owners for BusinessWeek. Under a succession of CEOs, and under the current leadership of Terry McGraw, the company has protected our editorial independence, cheered our accomplishments, and kept our focus on journalistic integrity and excellence.

“I know the decision to sell BusinessWeek was not an easy one, and I also know that—once the company decided to consider a sale—a central goal was to find us a home that shared these values. Bloomberg, already a global editorial powerhouse with the highest of standards and the strongest of journalistic values, is such a home.

“I’m confident that you, the reader, will benefit from the global resources and strong vision of the Bloomberg team while being able, as always, to rely on the trustworthiness and editorial strength of BusinessWeek in print and online. We look forward to continuing to serve you—and continuing to make ourselves indispensable.”

Read more here.

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