Amy Wicks of Women’s Wear Daily reports that a Bloomberg acquisition of BusinessWeek could mean that the weekly business magazine’s staff loses its job.
“By all accounts, the deal hasn’t been sealed and there are still a few sticking points in negotiations, including who will pay the severance packages of BusinessWeek’s staff — Bloomberg or current owner McGraw-Hill Cos. If Bloomberg does take over BusinessWeek, the company is expected to use the staff from Bloomberg Markets magazine to provide editorial for the acquired title.”
Read more here.
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