BusinessWeek Just Not Eight-Figure Material
In your manly Monday media column: BusinessWeek's actual sale price revealed, America's most fucked newspapers revealed, Gene Weingarten revealed to still be (reasonably) funny, and a job revealed at Conde Nast! Oh, too late.
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Peter Kafka pulls out the actual sale price of BusinessWeek: $9.3 million, before taxes. That's more than earlier reports of $2-5 million, but less than what McGraw-Hill would have liked to get for the magazine ($999 million).
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The entire newspaper industry did terribly in the latest circulation report, but who did the worst? Well, the SF Chronicle's circulation dropped 26%; the Miami Herald dropped 23%; and the Newark Star-Ledger dropped 22%. Coincidentally, those are the same three papers that lead the "Papers that are toast" list. [Oh and look at this!]
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Gene Weingarten cracks jokes about his newspaper's stupid pundit contest. Most of you probably think you're "too cool" to admit that old Gene Weingarten, plain old newspaper "humor columnist," is a funny writer, don't you? Well you're not. Just admit it.
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Conde Nast has hired Julie Raimondi as the new editor in chief of Brides.com, one of the few jobs that still exists over there, at Conde Nast.