Forbes vows to keep stake in company
Forbes Media Chairman Steve Forbes has told employees he will definitely keep a minority stake in the company after it is sold, reports Keith Kelly of the New York Post. Kelly writes, “He made the announcement at a quarterly company-wide town hall meeting on March 13. “One insider said the impression he gave is that […]
Bloomberg hires Melby from Forbes to cover executive comp
Caleb Melby, who has been covering the wealthy for Forbes, has been hired by Bloomberg News to work on its billionaires team. Melby is known for writing Forbes’ first graphic novel, “The Zen of Steve Jobs.” He will work out of New York and cover executive compensation. Bloomberg and Forbes have been competing on the […]
Forbes Ukraine publisher loses his license
The media holding of former billionaire Serhiy Kurchenko, who is now facing criminal investigations into his finances and freezes on his assets, has lost its license to publish the Ukrainian version of Forbes magazine. Ivan Verstyuk of the Kyiv Post writes, “Forbes Media, which controls the iconic global media brand, revoked the licensing agreement, citing […]
Forbes to launch Central America edition
Forbes will launch a Central America edition in March featuring the wealthiest people in the region, reports Oscar Lopez of Latin Times. Lopez writes, “The information was confirmed by Max Linares, CEO of Forbes Mexico, who commented that the magazine will have an monthly distribution of 50,000, of which 30,000 will be distributed equally across […]
What makes for a top post on Forbes.com
Lewis Dvorkin, the chief product officer at Forbes, writes about the stories on its website that get the most reads. Here are some of his conclusions: 1) Reporting Matters: Staff reporter Parmy Olson’s exclusive rags-to-riches story of WhatsApp founder Jan Koum hit the Top 15 four times — a full week after it was first published. […]
The value of licensed editions at Forbes
Lewis Dvorkin, the chief product officer at Forbes, writes about what the international licensed editions mean for the business magazine. Dvorkin writes, “Sometimes my focus involves our licensed editions, as it did when the Internet convulsed over the demise of Flappy Bird, a wildly popular app from a mysterious 29-year-old Vietnamese developer. I asked one […]
The value of the Forbes brand
David Carr of The New York Times writes about the Forbes brand as it prepares to sell itself. Carr writes, “The entire category of business magazines has been punished, but Businessweek and Fortune have the benefit of being part of larger, more diversified enterprises, while Forbes has had to go it alone. The magazine doubled […]
Forbes nears deal with China company
China-based Fosun International is now said to be in final negotiations to land Forbes Media and its related digital properties, reports Keith Kelly of the New York Post. Kelly writes, “One source said the deal could be announced as early as this week — or early next week. “Fosun is a diversified, closely-held conglomerate that […]
Price that Forbes sells for will tell us a lot
Michael Wolff of USA Today writes about the pending sale of Forbes magazine and what that will tell us about its operation. Wolff writes, “Forbes in print form was once worth several billion dollars. Now its magazine has, at best, nostalgic value. So reports that the new Forbes was hopefully looking at a $400 million […]
Fosun closes in on Forbes deal for less than $250 million
When business magazine and website Forbes Media LLC is sold, likely to Fosun International Ltd., the Chinese conglomerate with the front-runner position in the company’s auction, sources said, it will be for a much lower price than private equity minority stakeholder Elevation Partners LP was hoping to receive, reports Jonathan Marino of The Deal. Marino […]
