The Business could be turned into a magazine

The Business could be turning into a magazine, the weekly newspaper's managing director has confirmed.

Paul Woolfenden said that the change from broadsheet newspaper to a magazine was "a possibility". Woolfenden said: "There's a business plan being put together and we're just waiting for it to be finalised."

Woolfenden would not reveal a time-scale for the plans yet. The paper, formerly known as The Sunday Business, had a circulation of 136,620 in June according to ABC, of this figure – 118,327 were bulk give-aways.

The Business is part of Press Holdings, a company owned by the Barclay brothers, who also own Telegraph Group.

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