Bloomberg, News Corp. Not Interested In BusinessWeek
Yesterday, the big news in the magazine industry was McGraw-Hill’s decision to put BusinessWeek up for sale. Bloomberg broke the story in the morning, and by the afternoon BusinessWeek‘s own media reporter, Jon Fine, had weighed in.
According to Fine, “McGraw-Hill had held discussions earlier this year with Bloomberg regarding a sale of BusinessWeek,” but the newswire passed. Then Bloomberg became the first news organization to report the sale.
Today, the Financial Times reported that the sale of BusinessWeek might only fetch $1 for McGraw-Hill and weighed the possible buyers.
“Industry members and bankers said it was unlikely that Time Warner’s Time Inc.,
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