Mansueto Eyes BusinessWeek
Over the past few weeks, BusinessWeek‘s own media columnist Jon Fine has been tracking the efforts by the magazine’s owner, McGraw-Hill, to sell the business pub.
Yesterday, he reported another possible bidder has entered the fray: Jon Mansueto, whose Mansueto Ventures also owns Inc. and Fast Company.
Mansueto has a history of buying magazines when they’re a good deal, Fine said. “In 2005 Mansueto bought Inc. and Fast Company from Gruner & Jahr for around $35 million in cash plus the assumption of certain liabilities,” he said.
Mansueto’s interest in BusinessWeek might have another explanation as well.
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