UPDATE 2-Mort Zuckerman bids for BusinessWeek -magazine

 * Zuckerman owns news magazine, New York Daily News

 * Bloomberg LP remains likely frontrunner
 (Adds background on Zuckerman's media interests)

 NEW YORK, Sept 30 (Reuters) - New York Daily News owner
Mort Zuckerman made a bid for BusinessWeek magazine on
Wednesday, a spokesman confirmed, joining a group of suitors
that includes likely frontrunner Bloomberg LP.

 BusinessWeek itself first reported the news on its website
earlier on Wednesday, citing a brief telephone interview with
Zuckerman.

 Zuckerman did not elaborate on the terms of his offer for
the money-losing business weekly, now owned by McGraw-Hill
Companies Inc MHP.N.

 He also did not say whether he plans to integrate
BusinessWeek with any of his other media holdings, which also
include national news magazine U.S. News & World Report,
BusinessWeek reported on its blog.

 Zuckerman is chairman and co-founder of Boston Properties
Inc BXP.N, a real estate investment trust. [ID:nWEN4146]. He
previously owned The Atlantic Monthly and Fast Company
magazines.

 His more recent attempts to buy media properties have made
little progress.

 In 2008, he bid for Newsday, the Long Island, New York,
daily paper that parent company Tribune TRBCQ.PK had put on
the block. The paper eventually went to Cablevision Systems
Corp CVC.N, which also is based on Long Island.

 The Financial Times reported earlier this year that Goldman
Sachs approached Zuckerman to gauge his interest in buying The
Boston Globe from The New York Times Co NYT.N.

 McGraw-Hill favors a combination with financial news and
data provider Bloomberg LP, which has also bid for
BusinessWeek, a source told Reuters on Wednesday.

 Investment firms OpenGate Capital and ZelnickMedia are
among other bidders for the magazine.

 McGraw-Hill put BusinessWeek, which was founded in 1929 and
draws about 5 million weekly visitors to its website, on the
block in July and hired investment bank Evercore Partners to
run the sale process, another source told Reuters earlier.

 The Daily News has said in the past that it has turned a
profit, but a spokesman declined to reveal the paper's
finances. Its main rival in the New York tabloid paper market,
News Corp's NWSA.O New York Post, has lost money for years,
according to multiple reports.
 (Reporting by Anupreeta Das in New York and Robert MacMillan
in Toronto; Editing Bernard Orr and Matthew Lewis)