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Memo Pad

Memo Pad: Looking Good, Susan Boyle... BusinessWeek's New Era...

Memo Pad: Looking Good, Susan Boyle... BusinessWeek's New Era...

by WWD Staff

Posted Monday October 19, 2009

From WWD Issue 10/19/2009

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BW’S NEW ERA: Meetings will begin today between the top management of BusinessWeek and Bloomberg to determine what’s ahead for the editorial and advertising sides of the business title. In terms of ad revenue, BusinessWeek has several more cross-platform opportunities to consider with Bloomberg TV and online, for example, than were available at McGraw-Hill Cos. “We plan to make it more of a global business weekly,” said Norman Pearlstine, chief content officer of Bloomberg and the new chairman of BusinessWeek. He said it’s too soon to say whether BusinessWeek’s rate base of 900,000 will increase and whether the price per issue will change, although it will remain a weekly even as its title changes to Bloomberg BusinessWeek. Pearlstine added that Bloomberg and BusinessWeek have bureaus in the same cities, so each one will now be combined. “Between now and Dec. 1, we have a ton of work to do,” Pearlstine admitted. The deal is expected to close around that date. While the purchase price wasn’t disclosed, it reportedly was $2 to $3 million in cash, plus the assumption by Bloomberg of certain liabilities. — Amy Wicks

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