Whoops, Forgot One: Buisness Week Owners Cut 270 of Staff
Another one (could) bite the dust
 


When we gave our listicle earlier today about the top five (or six) magazines that probably won't be making it past the fourth quarter, what with the economy and the way the world is going, we left out the prize product of McGraw-Hill.

MH released a memo that they will have cut 270 jobs from their workforce due to a 14% drop in profit this quarter. McGraw-Hill is the owner of Business Week, whose ad pages this quarter also dropped 14%. Coincidence?

But Business Week might tough it out yet. Despite the poor ad sales, subscriptions have gone up, and improving their renewal rate. If they can just tough it out until the next bubble hits and we all invest in pork barrells or computer microwaves or something, they should be fine.

Oct 29, 2008 · 3 views (beta) · Link · Respond
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