BB Buys BW
After weeks of speculation about who would buy McGraw-Hill’s publication BusinessWeek word came down today that Bloomberg will buy the publication which started circulating in 1929. Although no one has disclosed how much was paid for the print and online edition of BusinessWeek speculation is that it’s around $5million. Bloomberg has a few publications it puts out such as Bloomberg Markets and other legal journals however this is its first foray into mainstream business reporting. It has been reported that the publication will be renamed Bloomberg BusinessWeek. Although some layoffs are expected Bloomberg intends to build the publication.
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Posted, in Business News, by Helen Losch on October 14, 2009 | Permalink
