Bloomberg Isn’t Responsible For BW Severance, Which Means?

Turns out that McGraw-Hill, not Bloomberg, will be responsible for paying severance to BusinessWeek staffers that Bloomberg chooses to cut, Silicon Alley Insider reports.

What’s this mean? SAI theorizes that Bloomberg might be more cut-happy since it has less of a financial incentive to keep employees around.

But (we think), severance usually comes off a separate line item on a company’s budget, and besides, when you’re losing $40 million a year, you’re not going to want to keep employees around for want of a severance payment.

Right?

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