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Bloomberg Businessweek
Bloomberg Businessweek, previously known as BusinessWeek (and before that Business Week and The Business Week), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in September 1929.
Since 2009, the magazine has been owned by Bloomberg L.P. and became a monthly in June 2024.
The Business Week was first published based in New York City in September 1929, weeks before the stock market crash. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made it one of the first publications to cover national political issues that directly impacted the business world. The name of the magazine was shortened to Business Week in 1934.
Originally published as a resource for business managers, the magazine shifted its strategy in the 1970s and added consumers outside the business world. By 1975, the magazine was carrying more advertising pages annually than any other magazine in the United States.
Stephen B. Shepard served as editor-in-chief from 1984 until 2005, when he was chosen to be the founding dean of the CUNY Graduate School of Journalism. Under Shepard, Businessweek's readership grew to more than six million in the late 1980s. He was succeeded by Stephen J. Adler of The Wall Street Journal.
Businessweek began publishing its annual rankings of United States business school MBA programs in 1988. In 2006, Businessweek started publishing annual rankings of undergraduate business programs in addition to its MBA program listing.
Businessweek experienced a decline in circulation during the late-2000s recession as advertising revenues fell one-third by the start of 2009 and the magazine's circulation fell to 936,000. In July 2009, it was reported that McGraw-Hill was trying to sell Businessweek and had hired Evercore Partners to conduct the sale. Because of the magazine's liabilities, it was suggested that it might change hands for the nominal price of $1 to an investor who was willing to incur losses turning the magazine around.
In late 2009, Bloomberg L.P. bought the magazine—reportedly for between $2 million to $5 million plus assumption of liabilities—and renamed it Bloomberg BusinessWeek. News reports published in 2019 suggest McGraw-Hill received the high end of the speculated price, at $5 million, along with the assumption of debt.
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Bloomberg Businessweek
Bloomberg Businessweek, previously known as BusinessWeek (and before that Business Week and The Business Week), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in September 1929.
Since 2009, the magazine has been owned by Bloomberg L.P. and became a monthly in June 2024.
The Business Week was first published based in New York City in September 1929, weeks before the stock market crash. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made it one of the first publications to cover national political issues that directly impacted the business world. The name of the magazine was shortened to Business Week in 1934.
Originally published as a resource for business managers, the magazine shifted its strategy in the 1970s and added consumers outside the business world. By 1975, the magazine was carrying more advertising pages annually than any other magazine in the United States.
Stephen B. Shepard served as editor-in-chief from 1984 until 2005, when he was chosen to be the founding dean of the CUNY Graduate School of Journalism. Under Shepard, Businessweek's readership grew to more than six million in the late 1980s. He was succeeded by Stephen J. Adler of The Wall Street Journal.
Businessweek began publishing its annual rankings of United States business school MBA programs in 1988. In 2006, Businessweek started publishing annual rankings of undergraduate business programs in addition to its MBA program listing.
Businessweek experienced a decline in circulation during the late-2000s recession as advertising revenues fell one-third by the start of 2009 and the magazine's circulation fell to 936,000. In July 2009, it was reported that McGraw-Hill was trying to sell Businessweek and had hired Evercore Partners to conduct the sale. Because of the magazine's liabilities, it was suggested that it might change hands for the nominal price of $1 to an investor who was willing to incur losses turning the magazine around.
In late 2009, Bloomberg L.P. bought the magazine—reportedly for between $2 million to $5 million plus assumption of liabilities—and renamed it Bloomberg BusinessWeek. News reports published in 2019 suggest McGraw-Hill received the high end of the speculated price, at $5 million, along with the assumption of debt.