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.
McGraw-Hill, which owns the Standard & Poor's rating agency and a large educational publisher, would only say it was “exploring strategic options” for Business Week. Evercore did not return calls.
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