ZelnickMedia LLC, a New York-based investment firm, is teaming with the former publisher of The Wall Street Journal, L. Gordon Crovitz, to make a possible run for BusinessWeek, according to a story by Tom Lowry of BusinessWeek.
Lowry writes, “Interest by the Zelnick-Crovitz team offers an intriguing twist to the months-long sale of the 80-year-old magazine, especially on the heels of Bloomberg LP submitting a bid for BusinessWeek less than a week ago. The financial data and media empire founded by New York City Mayor Michael Bloomberg was largely seen as the front runner for BusinessWeek.
“That Zelnick would reach out to Crovitz makes sense since it is known that the well-regarded news executive has been looking for a second act following his departure from Dow Jones & Co. (The Wall Street Journal’s parent) after its sale to News Corp. in 2007. Crovitz knows ZelnickMedia partner Jim Friedlich, a senior executive at Dow Jones for nearly a decade. And Crovitz is known to have a good relationship with investment banker Jonathan Knee of Evercore Partners, which BusinessWeek’s parent McGraw-Hill & Cos has hired to sell the magazine. Knee did not return calls seeking comment.”
Read more here.
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why don't you just call this TalkingBWNews
this seems to be all you write about, all you care about. the horror, the horror
George,
I respectfully disagree . . . Chris covers a TON more than BW. Take a look at the archives to see what's been covered and discussed.
A quick (admittedly incomplete) glance shows the "Job Changes" tag has 1,395 posts. "CNBC" - 909, "Dow Jones" - 766, "Ethics" - 687, "Internet web sites" - 592, "New York Times" - 493, and "Business Week" has 451. Business Week gets coverage when it is warranted, but the archives clearly show that it's not the "only thing" written about.
Chris does a fantastic job of being fair. That's what makes this site a great resource!
Full Disclosure: I am in no way affiliated with this site or Chris Roush.