Categories: OLD Media Moves

Rumors that BusinessWeek is for sale

Keith Kelly of the New York Post writes that there are increasing rumors that McGraw-Hill is shopping BusinessWeek magzine.

Kelly writes, “Indeed, potential suitors would be hard to find.

“Time Inc., owners of For tune, has its own troubles, as ad pages there have tumbled 39 percent so far this year. Forbes is down 39 percent. Joe Mansueto, the Morningstar founder, hasn’t had a very good experience owning Inc. and Fast Company.

“Bloomberg L.P., the company founded by Mayor Mike Bloomberg, owns a few publications and has former Time Inc. Editor-In-Chief Norman Pearlstine on staff, making them a potential candidate to take a look, though whether they would remains unclear.

“The magazine has struggled mightily in recent years and operated at a loss of more than $20 million last year, according to one estimate.”

Read more here.

Recent Posts

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

2 days ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

2 days ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

2 days ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

2 days ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

2 days ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

2 days ago