Skip to comments.Second round of job cuts at BusinessWeek (Dinosaur Media DeathWatch™)
Posted on 03/11/2010 4:29:30 PM PST by abb
The ax-man rings twice!
The second round of cuts got underway at Bloomberg BusinessWeek this morning, with about 30 people being trimmed from the business news weeklys payroll.
Roughly 20 will be given their walking papers with the remainder being reassigned to the Bloomberg News operation, sources said.
Departments hit hard by the swinging ax include editorial, photo and art.
A BusinessWeek spokesman said: "As we prepare for the launch of Bloomberg BusinessWeek on April 23, we are more deeply integrating our editorial team with Bloombergs, one of the worlds largest news organizations. As a result, there are some job redundancies, as well as areas that we will be strengthening through new hires."
The sale from McGraw-Hill to Bloomberg, the company founded by Mayor Mike Bloomberg, was completed last year and about 130 people or one third of its workforce was laid off at that time.
Since Bloomberg L.P. bought the magazine for just over $9 million, it has continued to operate out of the McGraw-Hill Building. The cuts were expected to come before the move into the Bloomberg HQ this spring.
(Excerpt) Read more at nypost.com ...
Including the first round of cuts, 50% of the writers at the socialist business week rag are now history.
I say tax them into prosperity and at the same time hire more people by borrowing more money; running in the “red” shouldn’t matter!!!! They need to operate like our local and federal government!!!!
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As a long time subscriber, I can definitely say the quality of the articles has significantly increased under the Bloomberg management. The last issue has an extensive essay written about the $616,000 in healthcare bills run up by a man dying of cancer. He and the wife where definitely big libs but it was well documented and gave credit to the insurers.
My other subscription is to Wired Magazine. I love the look and the feel of that magazine in addition to the great articles. If they ever stop the print edition, I will cry!
Why would you want to subscribe to a publication that fundamentally disagrees with your values? Why provide these people with your financial support?
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I like reading about business, but was shocked at how each time I’d picked up an issue of BusinessWeek, four-fifths of it smacked of liberalism, with anti-Bush, anti-conservative being the main theme.
Glad to see it continue down this path. It was never as bad as Conde Nast crud, but it was invariably in the same vein.
I feel the same about the socialist-supporting magazine, The Economist, which, when I got a free year’s subscription to it, canceled it within two months. Remember, it was FREE.
Here’s hoping you cry. That is run, I believe, by the evil Conde Nast.
The NYT may not be sold or split, but it sure as heck can go under.
I’ll drink to that one.
Business Week was anti-business thirty-five years ago. I had subscribed to it for a time back when I was in college.