The McGraw-Hill Companies confirmed Monday that it is “exploring strategic options” for BusinessWeek magazine – which means that it is for sale. BusinessWeek is the best known part of McGraw-Hill’s Information & Media division, which also includes four television stations.
“BusinessWeek is a globally respected brand and one of the world’s leading sources of essential and trusted content that informs and inspires business leaders to make smarter decisions in their professional and personal lives,” said the company announcement.
McGraw-Hill reported that Q1 revenues fell 5.7% to $207.1 million for the Business-to-Business Group, which includes Aviation Week, BusinessWeek, J.D. Power and Associates, McGraw-Hill Construction and Platts. But within that, advertising pages in BusinessWeek’s global edition were down 39.8%.