Ad agency execs express concerns about Forbes
Advertising agencies are expressing concern about doing business with Forbes after it was disclosed that it operated a subdomain for years, reports Kayleigh Barber of Digiday. Barber reports, “Early findings showed 20% of Ebiquity’s client budgets spent on Forbes inventory went to the subdomain, according to chief strategy officer Ruben Schreurs, but he added that he cannot […]
Company buys 40% stake in Forbes Africa
Emerald Group, through Media54 — its subsidiary focused on English-speaking African countries — has acquired a 40% equity stake in ABN Publishing, the publisher behind Forbes Africa. Emerald Group has previously launched Forbes Lusophone Africa, targeting Portuguese-speaking countries on the continent. “This investment is another stepping stone in our commitment and long-term strategy for Africa,” […]
Union says Forbes pay gap has worsened
Unionized journalists of color at Forbes magazine continue to be paid less than their white counterparts, and that divide has widened, according to a new study by Forbes Union and The NewsGuild of New York. In its second year analyzing newsroom worker data, the Forbes Union’s pay equity study looked at the earnings of 111 […]
Forbes had alternate website packed with ads
Forbes for years ran an alternate version of its website where it packed ads that were intended to run on Forbes.com, reports Patience Haggin of The Wall Street Journal. Haggin writes, “Ad-buyers said the ads on the alternate site weren’t worth what they paid because they reached a different audience and appeared on overcrowded pages. “When brands […]
Santillana moves to careers beat at Forbes
Forbes reporter Maria Gracia Santillana is moving to the careers beat. She has been a reporter on the Money team covering cryptocurrency, NFTs, blockchain technology. Santillana has also co-edited the 30 Under 30 Retail and E-commerce and Food & Drink lists. She has been at Forbes since June 2022. Santillana holds a bachelor’s degree from New York […]
Crypto company sues Forbes reporter Farivar
Cyrus Farivar, a tech reporter at Forbes, has been sued by the parent company behind a cryptocurrency called “Bitcoin Latinum” for an article he wrote about a lawsuit it filed, reports Mike Masnick of Techdirt.com. Masnick reports, “Given that the word ‘Latinum’ apparently comes from a currency in Star Trek, and one of the claims in […]
Forbes CEO Federle on layoffs: We need to shift resources
Forbes Media CEO Mike Federle sent out the following on Thursday afternoon: Hi everyone – Over the past few years, we’ve continued to find ways to diversify our business and revenue streams, and we’ve seen significant growth as a result. As we continue to position ourselves to fully align with our 2024 business strategy, we […]
Forbes union statement on layoffs
In an email to staff on Thursday, Forbes management announced plans to lay off less than 3 percent of the workforce. The Forbes Union and The NewsGuild of New York have not received notice as of Thursday that our members are affected. The union is in negotiations for a first contract with the company. Changes […]
Forbes staff begins three-day strike
Forbes employees are striking for the first time, protesting the lack of progress in collective bargaining more than two years since voting to join a union, reports Josh Eidelson of Bloomberg News. Eidelson reports, “Unionized employees, including reporters, editors, designers and videographers, plan to start a work stoppage at 9 a.m. New York time on Thursday, […]
Fortune hires Brady to run its events business
Fortune has hired Diane Brady as executive director of Fortune Live Media and editorial director of Fortune CEO Initiative. She will start Jan. 29. Brady will serve as a coordinating moderator of a growing events portfolio. She will also curate Fortune’s CEO Initiative, a global gathering of C-suite and executive leadership. Brady will help create […]
