Bloomberg Group buys Business Week
The U.S. financial data company Bloomberg is acquiring the American business magazine *Business Week*. The long-established publication, part of the McGraw-Hill publishing group, is struggling with heavy losses amid the advertising and media crisis.
Bloomberg did not provide any information on the purchase price for the weekly magazine in an announcement on Tuesday (local time) in New York, as SDA writes. The Bloomberg Group earns its money with data and news for the financial sector.
Business Week sees itself as the market leader among business magazines with a good 4.7 million readers worldwide in 140 countries. According to industry data, its most recent circulation was around 920,000. Founded in 1929, the magazine employs 190 editorial staff.
Business Week sees itself as the market leader among business magazines with a good 4.7 million readers worldwide in 140 countries. According to industry data, its most recent circulation was around 920,000. Founded in 1929, the magazine employs 190 editorial staff.









