Sale of Business Week could fetch one dollar.

The Financial Times reports that "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."

Boutique investment bank Evercore is tasked with exploring the possibilities for a sale. The "predominantly print" magazine reported a circulation of 936,000. (Thanks, Richard Metzger)

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Xeni Jardin

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