Financial Times FT.com

Business Week could sell for $1

By Andrew Edgecliffe-Johnson in New York

Published: July 14 2009 03:00 | Last updated: July 14 2009 03:00

McGraw-Hill could reap just $1 from a sale of Business Week, according to people familiar with the 80-year-old financial magazine's losses.

The publisher has appointed Evercore, the boutique investment bank, to sell the business after concluding it was non-core, two people familiar with the decision said.

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