How Forbes reacted to the hacking of its website
Lewis Dvorkin, the chief product officer at Forbes, writes about how the business magazine reacted when it discovered its website had been hacked last week by the Syrian Electronic Army. Dvorkin writes, “We took quick action on Thursday to lock down the platform, limiting our ability to publish. We made what we thought were corrective […]
Forbes website hacked by Syrian Electronic Army
The Syrian Electronic Army has claimed it hacked the Forbes.com website, posting an image of what appears to be a WordPress administrator panel for multiple Forbes websites, reports David Gilbert of the International Business Times. Gilbert writes, “While Forbes.com now appears to be back to normal, screenshots grabbed by Softpeida show the hackers defaced a number […]
Forbes website gets hacked
Forbes has posted the following message on its Facebook page: Forbes.com was targeted in a digital attack and our publishing platform was compromised. Users’ email addresses may have been exposed. The passwords were encrypted, but as a precaution, we strongly encourage Forbes readers and contributors to change their passwords on our system, and encourage them […]
Forbes employees believe it will be bought by Asian company
Forbes insiders believe that the business magazine’s operations are about to be sold to an Asian buyer, reports Keith Kelly of the New York Post. Kelly writes, “CEO Mike Perlis, on that day, was moderating a forum at the Interactive Advertising Bureau in Palm Desert, Calif. “According to several attendees, he boasted of transforming Forbes […]
Covering the sale of a business magazine
Bidders have been circling Forbes as the iconic business brand put itself up for sale. The value is now in the name since the company has been losing money. Bloomberg had this story about potential bidders by Stefania Bianchi, George Smith Alexander and Zijing Wu: Forbes Media LLC is drawing interest from acquirers including China’s Fosun International […]
Sale of Forbes is close
Final offers to acquire Forbes Media, the parent of the business magazine Forbes, were due on Sunday, report Stefania Bianchi, George Smith Alexander and Zijing Wu of Bloomberg News. They write, “The sale of Forbes, famous for tracking the wealth of billionaires across the globe, follows years of dwindling profits as the rise of digital […]
Forbes to launch edition in Finland
Forbes announced Wednesday plans to launch its latest international edition, Forbes Finland, in partnership with SK Media Group. The launch will be held in Helsinki, Finland, with the first issue to be published at the beginning of summer 2014. Forbes Finland will have an initial circulation of 50,000. The content of Forbes Finland will consist […]
Forbes leads biz media among digital audience
Lewis Dvorkin, the chief product officer at Forbes Media, writes about how business news media are attempting to increase their digital audience. Dvorkin writes,”I saw the numbers in the chart below (November 2013) for the first time a few weeks ago when comScore came in to tell us about its multi-platform reporting capabilities. The light […]
Forbes could maintain stake in company
Forbes chairman and editor-in-chief Steve Forbes is apparently willing to take a 20 percent stake in the company after a sale to new owners, a well-placed source tells Keith Kelly of the New York Post. Kelly writes, “That could have the effect of lowering the out-of-pocket costs to potential suitors. “According to the Financial Times, […]
Why a $400M price tag for Forbes is too high
Ken Doctor writes for the Nieman Journalism Lab about why the $400 million asking price is too much for Forbes Media, the parent of Forbes magazine, and he examines its growth projections for the next five years. Doctor writes, “Let’s now look at the projected (2013-2018) numbers. Most striking is the earnings (or EBITDA line). […]
