Huffpost Media

BusinessWeek: What Might Have Happened Without Bloomberg

Posted: Updated:
Print

BusinessWeek employees are waiting to hear if they'll have jobs once Bloomberg takes over the publication, and I'm told that staffers expect to hear their fate shortly after Thanksgiving. "Either you'll get an offer or you won't," is the conventional wisdom among the 400 staffers, an employee tells me.

That has to be unnerving, but I can at least offer a little bit of comfort: The worst-case scenario the employees would be facing had they been purchased by private equity firm ZelnickMedia, which was also bidding for the publication.

The short version: Almost everybody gets fired.

Read the whole story at AllThingsD