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BusinessWeek is put up for sale

BusinessWeek, the McGraw-Hill magazine, was yesterday put up for sale. The magazine, founded in 1929, lost 30 per cent of its advertising revenue in the second quarter, despite claiming it had around 4.8m readers in 140 countries. McGraw Hill has appointed boutique investment bank Evercore Partners to find a buyer and could accept an offer as low as $1.<br />