http://mediamemo.allthingsd.com/20090915/businessweeks-pitch-to-investors-buy-us-then-fire-us/ by Peter Kafka Mon, 06 Feb 2012 16:52:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://mediamemo.allthingsd.com/20090915/businessweeks-pitch-to-investors-buy-us-then-fire-us/comment-page-1/#comment-11563 Bloomberg Buys BusinessWeek For A Song, Plus Up to $5 Million | Peter Kafka | MediaMemo | AllThingsD Tue, 13 Oct 2009 21:55:11 +0000 http://mediamemo.allthingsd.com/?p=10976#comment-11563 [...] most certainly will be cuts: McGraw Hill is selling the 80-year-old magazine because it’s a money pit that was long between $20 million and $40 million a year, depending on your accounting. And the [...] [...] most certainly will be cuts: McGraw Hill is selling the 80-year-old magazine because it’s a money pit that was long between $20 million and $40 million a year, depending on your accounting. And the [...]

]]> http://mediamemo.allthingsd.com/20090915/businessweeks-pitch-to-investors-buy-us-then-fire-us/comment-page-1/#comment-10895 Sam Harrison Thu, 01 Oct 2009 21:16:32 +0000 http://mediamemo.allthingsd.com/?p=10976#comment-10895 businessweek got what was coming to them after years of poor writing, shoddy research by its writers (i recall a story that the writer failed to check sources independently)...etc. The world doesn't need businessweek, the era of that kind of journalism is over businessweek got what was coming to them after years of poor writing, shoddy research by its writers (i recall a story that the writer failed to check sources independently)…etc. The world doesn’t need businessweek, the era of that kind of journalism is over

]]> http://mediamemo.allthingsd.com/20090915/businessweeks-pitch-to-investors-buy-us-then-fire-us/comment-page-1/#comment-10178 Stephen Baker Tue, 15 Sep 2009 21:55:51 +0000 http://mediamemo.allthingsd.com/?p=10976#comment-10178 Well, severance charges are certainly an issue. But in many cases like this, the seller promises to honor them if employees get laid off in first several months of the new regime. If that were the case, McGraw Hill would still get stuck with the tab, even if the buyer handled the dirty work. In fact, conceivably McGraw Hill could carry out the layoff on the buyer's behalf before the deal officially goes through. Well, severance charges are certainly an issue. But in many cases like this, the seller promises to honor them if employees get laid off in first several months of the new regime. If that were the case, McGraw Hill would still get stuck with the tab, even if the buyer handled the dirty work. In fact, conceivably McGraw Hill could carry out the layoff on the buyer’s behalf before the deal officially goes through.

]]> http://mediamemo.allthingsd.com/20090915/businessweeks-pitch-to-investors-buy-us-then-fire-us/comment-page-1/#comment-10170 Peter Kafka Tue, 15 Sep 2009 20:15:05 +0000 http://mediamemo.allthingsd.com/?p=10976#comment-10170 Thanks Stephen (and good luck!). Early reader consensus - via email and a commenter who wouldn't use their real name -- is that the main reason not do the cuts is because they're difficult and unpleasant, and it's better to offload that work -- as well as severance charges, etc -- onto someone else. Anyone else want to weigh in? Thanks Stephen (and good luck!). Early reader consensus – via email and a commenter who wouldn’t use their real name — is that the main reason not do the cuts is because they’re difficult and unpleasant, and it’s better to offload that work — as well as severance charges, etc — onto someone else. Anyone else want to weigh in?

]]> http://mediamemo.allthingsd.com/20090915/businessweeks-pitch-to-investors-buy-us-then-fire-us/comment-page-1/#comment-10163 Stephen Baker Tue, 15 Sep 2009 18:24:13 +0000 http://mediamemo.allthingsd.com/?p=10976#comment-10163 Look at the other side. If they do everything possible to put the magazine in order and nothing works, then prospective buyers might conclude that it's hopeless, or at the very least, extremely hard. By leaving the cuts to them, McGraw Hill gives them a glimmer of a turnaround on the horizon. What's more, the new owners might want to keep different people. Right now, it looks like Bloomberg and a couple private equity firms will be bidding. They probably have different visions for the franchise, and would be interested in different types of employees. Look at the other side. If they do everything possible to put the magazine in order and nothing works, then prospective buyers might conclude that it’s hopeless, or at the very least, extremely hard. By leaving the cuts to them, McGraw Hill gives them a glimmer of a turnaround on the horizon. What’s more, the new owners might want to keep different people. Right now, it looks like Bloomberg and a couple private equity firms will be bidding. They probably have different visions for the franchise, and would be interested in different types of employees.

]]> http://mediamemo.allthingsd.com/20090915/businessweeks-pitch-to-investors-buy-us-then-fire-us/comment-page-1/#comment-10159 BusinessWeek’s Pitch to Investors: Buy Us, Then Fire Us [MediaMemo] | UpOff.com Tue, 15 Sep 2009 17:10:03 +0000 http://mediamemo.allthingsd.com/?p=10976#comment-10159 [...] Article Share and Enjoy: [...] [...] Article Share and Enjoy: [...]

]]> http://mediamemo.allthingsd.com/20090915/businessweeks-pitch-to-investors-buy-us-then-fire-us/comment-page-1/#comment-10156 TechKive » Blog Archive » BusinessWeek’s Pitch to Investors: Buy Us, Then Fire Us [MediaMemo] Tue, 15 Sep 2009 16:41:01 +0000 http://mediamemo.allthingsd.com/?p=10976#comment-10156 [...] this article: BusinessWeek’s Pitch to Investors: Buy Us, Then Fire Us [MediaMemo] Share and [...] [...] this article: BusinessWeek’s Pitch to Investors: Buy Us, Then Fire Us [MediaMemo] Share and [...]

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