OLD Media Moves

Decision on Business 2.0 next week?

August 24, 2007

Posted by Chris Roush

Jason Fell and Bill Mickey write on Folio’s web site that a decision on the future of Business 2.0 magazine could come from Time Inc. next week. — a statement that the company denies.

Business 2.0Fell and Mickey wrote, “What will become of Business 2.0? Time Inc. apparently is considering a number of options, including folding it into sister publication Fortune, converting it into an online-only product, or selling it. A Time Inc. spokesperson declined to comment, other than to say that the company ‘absolutely will not’ be making a decision about the magazine by next week.

“Meanwhile, a number of Business 2.0 staffers have already found other employment and are hoping to collect severance packages before moving on, says the well-placed source. (Gawker Media Silicon Valley gossip site Valleywag reports that a magazine logo near the magazine’s entrance has been altered to read: ‘Fortune 2.0.’)

“‘I don’t think anyone is pessimistic,’ the source says. ‘I think people just want to be done with it. If it ends up being closed down everyone has pretty much gotten a nice soft landing, and if it’s going to be sold … they would love to hear the terms and if anyone here is going to be wanted by the new owner.'”

Read more here.

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