Bloomberg Shutters BusinessWeek SmallBiz

2009 has been a tough year for business magazines and small business magazines in particular.

One month after Time Inc. decided to fold its custom publication Fortune Small Business, BusinessWeek‘s new owner, Bloomberg LP, has announced plans to shutter its small business-focused spin-off, BusinessWeek SmallBiz. The final issue of the bimonthly mag will be the December 2009/January 2010 issue, the company said in an announcement today.

The magazine’s coverage will be integrated into BusinessWeek.com’s Small Business Channel and the magazine’s global print edition, chairman Norman Pearlstine said.

The company did not comment on whether the magazine’s closure had any related layoffs, but we suspect last month’s brutal cuts of

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