BusinessWeek TV will be cancelled

BusinessWeek TV, a half hour program on local stations around the country, will be cancelled at the end of this year, according to Mediabistro's TVNewser.
The report includes an internal memo sent by BusinessWeek president Keith Fox. Here's a portion of Fox's comments:

"As we compete for both readers and ad revenue it is critical that we focus on our core assets that best serve and reach global business professionals. As a result, we have decided to concentrate on developing digital video content and will exit BusinessWeek TV at the end of the year. We believe this is the best approach to fulfill the needs of our highly-engaged, global audience."

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