The World: New York - BusinessWeek is put up for sale by McGraw Hill

McGraw Hill, the publisher of BusinessWeek, has put the magazine up for sale.

It is believed that it has hired Evercore Partners, the investment bank, to handle the sale. Circulation at the magazine has been steady recently but ad revenues have been declining for the past seven or eight years.

The company has not yet confirmed that it is looking for a buyer but did announce last week that it is "exploring strategic options" for the title.