• Bloomberg, Tuesday, September 8, 2009 9:44 PM

BusinessWeek has generated interest from 93 potential buyers, says McGraw-Hill CEO Terry McGraw, whose New York-based company owns the magazine. He says interested parties include private equity investors, hedge funds and strategic buyers. No specific suitors were named.

McGraw-Hill previously said it is exploring options for the magazine after overhauling its education division and the Standard & Poor's credit-ratings unit. BusinessWeek's ad sales fell 33% in the first half from a year earlier, to $77.8 million, per PIB. That compares with a 21% drop industrywide.

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