Keith Fox

BusinessWeek’s Future Is Cloudy, but Better Than It Could Have Been: The Grim Non-Bloomberg Scenario

Peter Kafka in Media on October 30, 2009 at 12:12 pm PT

BusinessWeek employees are waiting to hear if they’ll have jobs once Bloomberg takes over the publication, and I’m told that staffers expect to hear their fate shortly after Thanksgiving. That has to be unnerving, but I can at least offer a little bit of comfort in the worst-case scenario employees would be facing had they been purchased by private equity firm ZelnickMedia. The short version: Almost everybody gets fired.

Bloomberg Buys BusinessWeek for a Song, Plus Up to $5 Million

Peter Kafka in Media on October 13, 2009 at 2:35 pm PT

What’s one of the biggest names in magazine publishing worth? These days, maybe $5 million. That’s the high end of the range Bloomberg will be paying for BusinessWeek, reports BusinessWeek. Next question: How many of the magazine’s employees stay on once the deal closes later this year? BusinessWeek publisher Keith Fox can’t make any assurances. But he does call the deal “exciting.”