One of the tougher assignments for a business reporter is staying ahead of a bidding war involving a well-known property. Case in point is the saga behind the McGraw-Hill's sale of Business Week. Here is the Reuters top:

McGraw-Hill Cos Inc (MHP.N) is leaning toward selling its money-losing BusinessWeek magazine to Bloomberg LP, although another bidder could still make a higher offer, a person familiar with the matter said. A deal still could take weeks, or could fall apart because of depressed magazine advertising and uncertainty in the financing market; but BusinessWeek executives think that Bloomberg would be the best fit, the source said on Tuesday.