Bloomberg Markets: European Close - Netflix

Bloomberg Markets: European Close is co-hosted by Mark Barton and Betty Liu who analyze market-moving stories in Europe.

Bloomberg Markets: European Close - Netflix

Type: News

Languages: English

Status: Running

Runtime: 60 minutes

Premier: 2015-11-09

Bloomberg Markets: European Close - Bloomberg Businessweek - Netflix

Bloomberg Businessweek is an American weekly business magazine published by Bloomberg L.P. Businessweek was founded in 1929. The magazine was created to provide information and interpretation about what was happening in the business world. It is headquartered in New York City. Megan Murphy was appointed editor of the magazine in November 2016. She stepped down from the role in January 2017. Joel Weber was appointed in her place. The magazine is published 47 times a year.

Bloomberg Markets: European Close - Bloomberg L.P. acquisition - Netflix

Businessweek suffered a decline during the late-2000s recession as advertising revenues fell one-third by the start of 2009 and the magazine's circulation fell to 936,000. In July 2009, it was reported that McGraw-Hill was trying to sell Businessweek and had hired Evercore Partners to conduct the sale. Because of the magazine's liabilities, it was suggested that it might change hands for the nominal price of $1 to an investor who was willing to incur losses turning the magazine around. In late 2009, Bloomberg L.P. bought the magazine—reportedly for between $2 million to $5 million plus assumption of liabilities—and renamed it Bloomberg BusinessWeek. It is now believed McGraw-Hill received the high end of the speculated price, at $5 million, along with the assumption of debt. Currently, the magazine still loses $30 million per year, about half of the $60 million it was reported losing in 2009. Adler resigned as editor-in-chief and was replaced by Josh Tyrangiel, who had been deputy managing editor of Time magazine. In early 2010, the magazine title was restyled Bloomberg Businessweek (with a lowercase “w”) as part of a redesign.

Bloomberg Markets: European Close - References - Netflix