MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, August 5, 2009 Mansueto Flips Through the Pages of BusinessWeek Is Joe Mansueto about to fish a dollar from his pocket and buy BusinessWeek? Morningstar's founder and CEO has his eye on the pub, according to a report by -- who else? -- BusinessWeek.
Mansueto told BusinessWeek columnist Jon Fine that he had "no comment regarding the potential BusinessWeek sale." Other interested buyers for BusinessWeek reportedly include Bruce Wasserstein, Platinum Equity, Warburg Pincus and Open Gate Capital. According to media reports, BusinessWeek -- which lost more than $45 million last year and lost $16.6 million in the first quarter of this year -- could fetch just one dollar. If Mansueto gets his hands on the magazine, BusinessWeek would join Inc. and Fast Company, which Mansueto bought in 2005 from Gruner & Jahr for about $35 million in cash. BusinessWeek is owned by McGraw-Hill Companies. Printed from: MFWire.com/story.asp?s=22255 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |
