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Condé Nast Shuttering Portfolio
Condé Nast is shuttering its troubled Portfolio title and accompanying Web site. The publisher informed its staff of the decision at a meeting this morning. “The company is deeply grateful to...
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Why Portfolio's Peers Shouldn't Be Celebrating
While the chattering classes continue to pick over Portfolio’s bones, it’s worth checking in on the business titles Condé Nast was targeting with its ill-fated magazine. In short: None of them are...
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Stink the Pink
As if the Zune weren’t embarrasing enough. Microsoft and Verizon are reportedly discussing a touchscreen multimedia cellphone that could launch on the carrier’s network in 2010. The project, code-named...
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Forbes.com CEO Jim Spanfeller Out. Here's the Internal Memo.
Forbes.com CEO Jim Spanfeller, who has run one of the Web’s biggest finance sites for the last nine years, is leaving the company at the end of the summer. No replacement has been named. Spanfeller’s...
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BusinessWeek Explains Why BusinessWeek Is for Sale: It's a Money Pit
Earlier this year, a top BusinessWeek editor assured me that McGraw-Hill wouldn’t part with the publication–because even if it was losing money, it was still a trophy asset for the publisher. But...
View ArticleBusinessWeek Attracts 93 Bidders
McGraw-Hill (MHP) CEO Terry McGraw said the company has received interest from 93 potential buyers for Business Week, Bloomberg reports. In an interview on Bloomberg Television, he said interested...
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BusinessWeek's Pitch to Investors: Buy Us, Then Fire Us
How do you sell a business magazine that lost $43 million last year? Convince buyers that they could fire 20 percent of the staff without missing a beat. That’s part of the pitch that Evercore Partners...
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Bloomberg Buys BusinessWeek for a Song, Plus Up to $5 Million
What’s one of the biggest names in magazine publishing worth? These days, maybe $5 million, plus liabilities. That’s the high end of the range Bloomberg will be paying for BusinessWeek, reports...
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BusinessWeek's Fire Sale Nets McGraw Hill $5.9 Million, or $15,000 Per Staffer
McGraw-Hill isn’t quite done with BusinessWeek–it isn’t supposed to formally hand off the magazine to Bloomberg until later this year–but it is just about there. Today the company told investors just...
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BusinessWeek's Future Is Cloudy, but Better Than It Could Have Been: The Grim...
BusinessWeek employees are waiting to hear if they’ll have jobs once Bloomberg takes over the publication, and I’m told that staffers expect to hear their fate shortly after Thanksgiving. “Either...
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Microsoft to Launch Zune Phone in Two Months?
Microsoft has long claimed that its mobile strategy is to provide a software solution, not devices. As Microsoft CEO Steve Ballmer told attendees of a McGraw-Hill (MHP) media conference last spring:...
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BusinessWeek Gives McGraw-Hill a (Small) Going Away Present
Can’t really say that BusinessWeek’s 80-year run at McGraw-Hill ended on an up note, since the publisher sold the magazine for a fire-sale price. But at least that price was a little bit more than...
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McGraw-Hill CEO: If This Wasn't an Apple-Sanctioned Leak, I'd Already Be Dead
Apple’s mythical tablet exists. It’s based on the iPhone operating system. It will function as an e-reader–among other things. And it will indeed be uncrated at a special event tomorrow morning in San...
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The iPad Is a Multimedia Device. So Where Are the Media? Be Patient.
As predicted, Steve Jobs showed off a new multimedia device today. One thing he didn’t show off, though: Much in the way of new media. Jobs and company clearly plan on incorporating new products from...
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McGraw-Hill: We Didn't Get Booted From the iPad Launch, Because We Weren't...
Though it may have seemed like another of Apple’s perfectly timed third-party leaks (and I certainly mistook it for that), McGraw-Hill CEO Terry McGraw’s remarks to CNBC earlier this week were nothing...
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D8 Tech Demo: Start-Up Takes on the Textbook With Kno Tablet
Our garages have no flying cars, our cities are still built on the ground and our robots just barely clean the floor. But today, Kno, the secretive start-up formerly known as Kakai, hopes to answer one...
View ArticleTextbooks Up Their Game
Maybe the iPad will move digital college textbooks out of theory and into practice. Although electronic book sales have exploded, digital college textbooks have been slow to get off the ground, in part...
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Textbook Makers Fund Inkling for Interactive iPad Editions
The iPad textbook creator Inkling has extended its Series A round to include leading educational publishers McGraw-Hill and Pearson, a coup that could help it get out ahead of other digital edition...
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InsideView, an Intelligence Dashboard for Salespeople, Raises $12 Million
When you’re gathering information on a potential sales prospect, there’s an awful lot of places to look. A decent Google search only gets you part of the way there. You can look for mentions in the...
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