Bloomberg Shutters BW SmallBiz

Bloomberg LP has decided to close Businessweek SmallBiz, a bimonthly title. The coverage will be folded into the flagship BusinessWeek magazine and web site; the company did not state whether this closure involved layoffs. Minonline has the story.

Update: Mediaweek reports that nobody will lose his/her job as a result of the closure.

The release after the jump:

Bloomberg BusinessWeek Ceases Publication of SmallBiz
Small Business Coverage to be Integrated into BusinessWeek.com and Global Print Edition

NEW YORK, Dec. 4 /PRNewswire/ — Bloomberg BusinessWeek announced today that it will cease publishing BusinessWeek SmallBiz and integrate the coverage into the Web site and magazine. The final issue of the bimonthly, controlled circulation publication is the December 2009/January 2010 issue.

“BusinessWeek.com’s Small Business Channel will deliver the same quality journalism and insights that small business professionals depend on, as well as targeted opportunities for advertisers looking to reach them,” said Bloomberg BusinessWeek Chairman Norman Pearlstine. “Because of the role small business plays in the overall business and economic environment, coverage will also be incorporated in our global print edition.”

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