Bloomberg Shutters BusinessWeek SmallBiz

smallbiz.jpg2009 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’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 about 130 people across the BusinessWeek staff may have already taken care of that. If you have any other information, send us an email or leave a a tip in the box at right.

Full announcement after the jump

Previously: More On This Week’s BusinessWeek Layoffs

Bloomberg BusinessWeek Ceases Publication of SmallBiz

Small Business Coverage to be Integrated into and Global Print Edition

NEW YORK, Dec. 4 /PRNewswire/ — Bloomberg BusinessWeek announced today that it will cease publishing BusinessWeek SmallBiz and integrate the coverage into the Web site and magazine. The final issue of the bimonthly, controlled circulation publication is the December 2009/January 2010 issue.

“’s Small Business Channel will deliver the same quality journalism and insights that small business professionals depend on, as well as targeted opportunities for advertisers looking to reach them,” said Bloomberg BusinessWeek Chairman Norman Pearlstine. “Because of the role small business plays in the overall business and economic environment, coverage will also be incorporated in our global print edition.”