Revolving Door Newsletter: 09.11.09
Host Of New Hires At O; Michael Kinsley Joins Atlantic Media
September 11, 2009
According to McGraw-Hill Co. chairman and chief executive officer
Terry McGraw, 93 potential bidders
expressed interest in buying
BusinessWeek, despite advertising revenue at the magazine falling 33 percent during the first six months of 2009 from the previous year. The leading candidate:
Bloomberg, which previously dropped out of the process (and ironically broke the news about all the suitors).
Bruce Wasserstein, owner of
New York and
The Deal, had been seen as the front-runner. Final bids are due on September 15...