Bloomberg Buys BusinessWeek
Bloomberg is now reporting that Bloomberg, the media company founded by a man with the last name Bloomberg, has reached a deal to buy BusinessWeek from McGraw-Hill. "BusinessWeek, with its extraordinary context and perspective on the economy and companies, presents a giant opportunity for Bloomberg News to reach decision makers in the most important industries," said Bloomberg's editor-in-chief Matthew Winkler. Added bonus? Although terms of the deal weren't disclosed, it probably wasn't all that expensive either. [Bloomberg]