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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