I can’t believe that BusinessWeek magazine just sold for $ 2 to $ 3 million in cash. That is what we pay some of our forwards on our hockey team!
BW is one of the most respected publications of our era. It is considered one of the bibles of business. It was one of the first publications I subscribed to as a young college grad.
I knew the long time CEO of McGraw Hill. In fact, he has a home and is a neighbor of mine down in Vero Beach, Florida.
My head is spinning, $2 to $5 million? What does this say about the print magazine business? An Icon like BW sells for what we pay Alex Semin. Wow.
