In the wake of BusinessWeek’s sale to Bloomberg, the magazine’s president, Keith Fox, has announced that he is stepping down. He will remain with the McGraw-Hill companies in an as-yet unspecified role. BusinessWeek Oct. 30, 2009
Commenting on the purchase, Daniel Doctoroff, president of Bloomberg L.P., said, “We didn’t buy this to gut it … We bought it to build it.” The Wall Street Journal Oct. 14, 2009 Paid subscription may be required.
A spokesperson for current owner, McGraw-Hill, said that the company was “very pleased that the process continues to go well.” A sales could close in a matter of days. The Wall Street Journal Oct. 12, 2009 Paid subscription may be required.
Keith Kelly mulls how valuable the venerable BusinessWeek brand would be to Bloomberg, which is pushing to strengthen the media side of its business. The New York Post Sept. 23, 2009
The potential buyers — presently reviewing BusinessWeek’s books — include: Bloomberg, OpenGate Capital, Warburg Pincus,Platinum Equity, Joe Mansueto (the founder of the ratings firm Morningstar) and Bruce Wasserstein (the chairman and chief executive of Lazard). The New York Times Sept. 13, 2009
Appearing on Bloomberg TV yesterday, McGraw-Hill CEO Terry McGraw said that 93 bidders have emerged to buy BusinessWeek, although some observers question how many have the resources and willingness to absorb losses in the continuing advertising slump. Media Life Sept. 9, 2009
Following the trends of This Old House, and Budget Travel, BusinessWeek is planning a completely user-created, double-issue for the slow news month of August. BusinessWeek is asking readers to submit articles on topics such as “toxic bosses,” “negotiating bureaucracy” and “generational tension.” With these topics and the popularity of reader-generated material, BW hopes to find [...]
BusinessWeek is planning on launching the first of several free, online video courses. In the first series, Gene Marcial, of Inside Wall Street, gives nine lessons on investing in the stock market. Expect to see American Express, FedEx, and SAS among the advertisements. MediaWeek (May 5, 2008)
The content- and resource-sharing partnership comes weeks about Fast Company announced plans for its own networking site. Folio: (Mar. 27, 2008)