Tuesday October 13, 2009 at 23:09
“[K]nowledgeable sources say that Bloomberg’s cash offer is in the $2 million to $5 million range and that it has agreed to assume liabilities, including potential severance payments.[…] At its peak in 2000, BusinessWeek had a record 6,000 ad pages and operating profits of $100 million. Some analysts at the time valued the magazine at $1 billion.”
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Bloomberg Wins Bidding For BusinessWeek - BusinessWeek
1) another sign of the waning power of print media.
2) more importantly, how that valuation failed to translate into digital.
the times, they are a-changin’…
