Categories: OLD Media Moves

Private equity firm drops out of BusinessWeek bidding

Private equity firm OpenGate Capital has dropped out of the bidding for BusinessWeek, according to a Reuters report.

Anupreeta Das and Robert MacMillan report, “OpenGate had put in a bid for the 80-year-old magazine last month, along with Bloomberg LP, ZelnickMedia and Boston Properties Inc. co-founder and New York Daily News owner Mort Zuckerman.

“But another source told Reuters on Sept. 29 that BusinessWeek executives prefer a sale of the magazine to financial news and data provider Bloomberg.

“A McGraw-Hill spokesman was not immediately available for comment.”

Read more here.

Recent Posts

Wirecutter hires Builder as deputy editorial director

Wirecutter editorial director Lauren Sullivan sent out the following: I’m elated to announce that Maxine Builder, a…

16 hours ago

Morning Brew, Yahoo Finance strike partnership

"Morning Brew" and Yahoo Finance are partnering to include Yahoo’s market data in the “Markets”…

18 hours ago

Modern Healthcare hires Early to cover regulators

Modern Healthcare has hired Bridget Early to cover health care regulators. She is currently a health care reporter…

19 hours ago

Bloomberg Industry seeks a reporter to cover environmental litigation

Bloomberg Industry Group seeks a junior reporter to cover environmental litigation. Performs general assignment and…

19 hours ago

Star Tribune seeks a business editor

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

3 days 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…

3 days ago