Business Week sale may fetch only $1

http://www.ft.com/cms/s/0/bd68cdc6-6fdc-11de-b835-00144feabdc0.html ^

[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.

[Eagles2003]

“What bus mags y’all 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.

[theFIRMbss]

>Maria looks pretty hot in that photo. Are there other issues?

-------------------------------------------------------

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

[Flavius]

Thank u

[muawiyah]

I pay even $1 for the sucker it goes down fast ~ like right now ~ everybody on thre street, stuff gets auctioned as fast as I can call an auction service.

Only thing of value in this market is that mailing list. I know what to do with it.

[Tenega]

More like $10MM/mo this year, up from a $50MM loss in all of ‘08. Disaster.