BusinessWeek

BusinessWeek is a business magazine published by McGraw-Hill. It was first published in 1929 (as The Business Week) under the direction of Malcolm Muir, who was serving as president of the McGraw-Hill Publishing company at the time.^[1] (Prior to 1929, it was titled System, published out of Chicago by Arch W. Shaw, the first publisher of Harvard Business Review.^[2]) Its primary competitors in the national business magazine category are Fortune and Forbes, which are published bi-weekly.

From 1975, it carried more advertising pages annually than any magazine in the United States, and in the mid 1990s its circulation was more than one million worldwide^[3]. Since 1988, BusinessWeek has published annual rankings of United States business school MBA programs.^[4] In 2006, it also started publishing annual rankings of undergraduate business programs.^[5]

BusinessWeek discontinued its European and Asian editions in 2005. The press release^[6] of 07 December 2005 issued by McGraw-Hill stated that it had decided to deliver a single global edition instead of providing separate regional ones.

On October 12, 2007, BusinessWeek launched a revamped design, its first in four years. Several sections were redesigned to focus the publication more on news and global coverage, while eliminating the Executive Life section.

Like nearly all magazines, BusinessWeek has suffered from a decline in advertising during the late-2000s recession. Print revenues halved, to $60 million, between 2006 and 2009, and online revenues only grew marginally, to $20.5 million. ^[7] As of July 2009, McGraw-Hill is reportedly trying to sell BusinessWeek and has hired Evercore Partners to conduct the sale. Because of the magazine's liabilities it has been suggested that it may change hands for the nominal price of $1 to an investor who is willing to incur losses turning the magazine around.^[8]

On October 13, 2009, Bloomberg L.P. announced it was acquiring BW for a reported $5 million, although exact figures were not disclosed.^[9] In a press release accompanying the announcement, Bloomberg chairman Peter Grauer said, "Together, the BusinessWeek.com and the Bloomberg.com websites have more unique visitors than any non-portal business and financial site."^[10] It is not known if Bloomberg plans any major changes to the magazine's design or editorial staff at this time.

See also

• International Design Excellence Awards
• List of United States magazines

References

External links

• BusinessWeek.com Official PC website
• BusinessWeek.mobi Official Mobile website

This trade magazine-related article is a stub. You can help Wikipedia by expanding it. v • d • e