Information Center of USA, the financial news agency “Bloomberg” bought the magazine “Business Week” belonging to the publishing group “McGraw Hill”. According to the information of “The Guild of Periodical Press Publishers”, first of all “Bloomberg” committed to pay cash 5 million dollars and also above 10 million dollars in case of staff reduction of the magazine.

The total value of the transaction is not mentioned in the information. The officials of “Bloomberg” don’t give information about any changes in the magazine, but they have already announced about their investment on the magazine and Internet resource.

The President of the company Dan Doctoroff told that the company bought the magazine not for doing any complications in the magazine but only to develop it. The magazine will give privilege to the users who benefit from the production and service of the company. May be, the name of the magazine will be changed into “Bloomberg Business Week”.

AFSF