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McGraw: ‘BusinessWeek’ has 93 potential suitors

Published on .

New York—McGraw-Hill Cos. Chairman and President-CEO Terry McGraw said Tuesday in an interview with Bloomberg Television that 93 potential suitors have expressed interest in buying BusinessWeek.

McGraw said a variety of companies, including private equity players, hedge funds and strategic buyers are interested. McGraw-Hill hired Goldman Sachs earlier this summer to explore the potential sale of BusinessWeek, the company’s 80-year-old flagship publication.

BusinessWeek’s ad pages declined 36.8% in the first half compared with the same period last year, according to Publishers Information Bureau figures. Between 2000 and 2008, the magazine’s ad pages declined about 69%.

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