Lucia Moses of MediaWeek speculates that BusinessWeek might be in line for some job cuts in the near future.
Moses writes, “Citing the need to contain costs and respond to weak economic conditions, the McGraw-Hill Cos. said today that it would cut 270 positions, including about 140 in its Information & Media unit, which encompasses BusinessWeek.
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“It was unclear how many of the lost positions would come from BusinessWeek, which has regularly made year-end headcount reductions, including at least 12 staffers in last year’s round. The company reported that revenue in that unit grew 5.3 percent to $265.7 million in its third quarter versus the same period a year ago.
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“Within that unit, the Business-to-Business Group was up 5.4 percent to $240.7 million, despite softness at BusinessWeek. Ad pages at the weekly, which belongs to the B2B group, fell 18.1 percent to 1,482 this year through Oct. 27, per the Mediaweek Monitor.”
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