Sep
17
Speed of ‘Business Week’ Value Decline Called Alarming
Posted in: Uncategorized
NEW YORK (AdAge.com) — Business Week, the latest poster child of the troubled print-publishing industry, was the focus of analysts' discussions at Tuesday's Gotham Media seminar. The iconic McGraw-Hill title, which lost more than $40 million last year, is on the auction block. Investment banker Reed Phillips called the speed of the publication's decline in value "alarming." He's a partner in the media-focused firm of DeSilva and Phillips. The seminar, which drew together five media specialists, was entitled "Buying and Selling Media Assets in the New Economy."
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