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 magazines 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 & Poors 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 ...
“What bus mags yall read”
I read Forbes, and get Business Week. Big difference, I subscribe to Forbes but it’s free for the next year, BW I NEVER pay for, and sometimes it’s stale before I read it.
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NEW YORK (Fortune) -- If you were scripting a Wall Street movie, what kind of characters would you include? Perhaps a perfectly tanned, hard-charging executive with a reputation for wearing his ambition on his sleeve, or a struggling CEO stuck in the shadow of his predecessor, or a glamour-puss anchorwoman who worked her way from cloakroom girl to worldwide celebrity, or a Saudi prince, or a billionaire media magnate plotting a new power play? Add a corporate jet and whispers of shenanigans at 35,000 feet, and you've got a certified blockbuster.
That, of course, describes the saga of Maria Bartiromo and Todd Thomson. ...
Deconstructing the Money-Honey mess
Thank u
Only thing of value in this market is that mailing list. I know what to do with it.
More like $10MM/mo this year, up from a $50MM loss in all of ‘08. Disaster.
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