 |
Yeah, the magazine's a buck, but then you have to pay Maria's bills . . . |
Posted on 07/13/2009 7:29:04 PM PDT by kcvl
McGraw-Hill could reap just $1 from a sale of Business Week, according to people familiar with the 80-year-old financial magazine’s losses.
The publisher has appointed Evercore, the boutique investment bank, to sell the business after concluding it was non-core, two people familiar with the decision said.
McGraw-Hill, which owns the Standard & Poor’s rating agency and a large educational publisher, would only say it was “exploring strategic options” for Business Week. Evercore did not return calls.
Auctioning a predominantly print business exposed to financial advertisers during a media recession will be challenging.
(Excerpt) Read more at ft.com ...
I’m tempted. You folks?
Plice too hi, plice too hi!
|
Yeah, the magazine's a buck, but then you have to pay Maria's bills . . . |
I bid 6 silver dimes.
But, I get to keep all the paperclips in the desks.
i’d pay their bills... for one day. then fire them all.
during that day, i believe ‘nudist day’ might be in order... followed by ‘clean the toilets’ day
of course, i would film it all and put it on a live pay-per-view ‘reality show’.
i’m sure i’d sell enough ad space to more then pay for their bills, the cost of the purchase, and maybe even pocket a bit of change.
Gee, if you were thinking of giving somebody a subscription to Business Week for Christmas, you could give them the whole magazine for a lot less!
I’d give more than that just for the privilege of blowing it up!
Good riddance. Business Week is Newsweak in financial drag.
lol
roflol!
In a memo to employees Monday, Keith Fox, president of BusinessWeek wrote: “Given the current market environment, the corporation has decided to explore strategic options for BusinessWeek.”
http://www.nytimes.com/2009/07/14/business/media/14mag.html
Battered Magazines Face Title Fight
The life-threatening illness afflicting radio, newspapers and broadcast television has spread to magazines. The only question is how much of the industry will survive.
McGraw-Hill’s decision to seek a buyer for its BusinessWeek magazine suggests a much-needed shakeout is under way.
Like all traditional media, magazines have been hurt by defections of readers and advertisers to the Internet. The travails of the auto industry, a big advertiser, and the recession have compounded those woes. The Publishers Information Bureau reported Friday that ad pages in the first half fell 27.9% from a year earlier. Last year they were down 11.7%.
http://online.wsj.com/article/SB124751430588834447.html
LOL! BW and McGraw Hill s*ck ditto S&P. Most of these journalist for business magazines are all journalism majors who are clueless about business and never ran a business.
McGrawHill’s money maker is the school book business which is a very sleazy business. A prof writes a book - he pals make it the course book etc or sucking up to teacher’s unions. Wonder why when you were a kid, the textbooks said FDR was great and your parents said he was awful? Thank people like McGraw Hill.
Fortune is as bad as Business Week. Forbes or Investors Business Daily (IBD) are good and IBD is the best. I dropped Forbes because one of their guest colunnists is one of Obama’s closest advisors and backers to get him started.
Maria looks pretty hot in that photo. Are there other issues?
What bus mags y’all read
I just contacted McGraw-Hill this evening and made a bid of $3.95, and I was informed that I am the current high bidder!
I have always wanted to own a prestige business magazine. Wish me luck!
Good luck indeed. I may bump you by five or so. Is there a reserve price?
Or perhaps a “Bye now.”?
Sure, it's tempting just to get my hands on the 960,000 people on the subscribers/former subscribers lists, and some of the demographic data built up over the years regarding those subscribers.
That's probably worth a million bucks a month profit from renting out segments of it once the economy improves.
BTW, there are other "assets" that are worth far more than that ~ which makes me suspect that all the $1 gets you is the tradename and tradedress ~ not even a chair to sit in.
My guess is that the $1.00 sales price gives you the “right” to lose about $1.5 million a month.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.