BusinessWeek layoffs

Not a lot - just 12 - but among them are notables, such as national editor Anthony Bianco and photo editor Larry Lippman. Silicon Alley Insider's Peter Kafka hears that ad pages are way down (though Web stuff is up), and the stock of parent company McGraw-Hill is in the tank. BW head Steve Adler calls the changes a reorganization that involves the integration of print and online. “It’s exceedingly difficult to part with valued co-workers, and decisions to eliminate positions aren’t made lightly,” Adler writes in the memo.