Just two days after parent company McGraw-Hill Cos. revealed that it had cut 270 jobs during the third quarter, BusinessWeek said late last week that it is pulling the plug on BusinessWeekTV at the end of the year. The nationally syndicated, personal-finance TV show launched in 2001. “As we compete for both readers and revenue, it is critical that we focus on our core assets that best serve and reach global business professionals,” said BusinessWeek President Keith Fox, in a memo sent to the staff last Friday. “As a result, we have decided to concentrate on developing digital-video content and will exit BusinessWeek TV at the end of the year.” Through Nov. 3, ad pages for the print edition of BusinessWeek fell 16.3%, according to Media Industry Newsletter (min).
