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NEW YORK Following speculation that it was seeking a buyer for BusinessWeek, McGraw-Hill said it was “exploring strategic options” for the struggling magazine.
Industry chatter about a possible sale of the mainstay title has been percolating for months. Given that BusinessWeek is McGraw-Hill’s lone major consumer magazine and has sustained heavy losses, such a move would not be surprising. Still, it’s unclear who would buy the 935,820-circulation BusinessWeek, which has been challenged as its core categories of financial and technology advertising have dried up.
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