Categories: OLD Media Moves

McGraw-Hill CEO declines comment on BusinessWeek's performance

With the closing of competitor Conde Nast Portfolio, you’d expect that those interested in future performance of BusinessWeek might want to know how it could benefit.

The business weekly has seen nearly a 40 percent decline in advertising revenue during the first quarter. So J.P. Morgan analyst Michael Meltz poses the following question earlier today to Terry McGraw, the CEO of McGraw-Hill, the parent company of BusinessWeek:

“We saw yesterday that Advance is closing Portfolio. Can you talk about BusinessWeek and with pages down this much what are you doing there to kind of stem the losses, I would think it’s on track to lose a good amount of money this year.”

To which McGraw replied: “No comment on that.”

Read the entire transcript here. The conversation begins at the bottom of page 8.

Recent Posts

Star Tribune seeks a business editor

The Star Tribune is seeking an accomplished, motivated and versatile journalist and leader to shape…

7 hours ago

Newsday seeks a deputy AME for biz coverage

The Deputy AME-Business is responsible for the development and planning of coverage on all Newsday…

8 hours ago

CNBC.com promotes two news staffers, hires one

CNBC.com managing editor Jeff McCracken announced Friday the following promotions: In San Francisco, Ari Levy has…

8 hours ago

Newsday seeks a reporter to cover commercial real estate

This Newsday reporter will cover Long Island’s commercial real estate market and the region’s evolving…

8 hours ago

NY Times seeks a business feature and beat reporter

The New York Times is looking for a versatile editor to edit enterprise and feature…

8 hours ago

Lamers departing Marijuana Business Daily

International editor Matt Lamers is leaving Marijuana Business Daily. He has been there for seven years. Lamers…

9 hours ago