Lead investor in bid to purchase Forbes is dropped
The consortium of investors looking to acquire Forbes has removed Sun Group as lead investor in the bid over concerns with the Indian investor group’s ties to Russia, reports Sara Fischer of Axios. Fischer reports, “Sun Group’s deep connections with Russia have raised concerns about the deal’s ability to clear U.S. regulatory review. Forbes hoped to close the $800 […]
The problem with the Forbes 30 under 30 list
Arwa Mahdawi of The Guardian writes about the Forbes 30 under 30 lists and why a number of the participants get arrested and in trouble with the law. Mahdawi writes, “‘The Forbes 30 Under 30 have collectively raised $5.3B in funding,’ the tech entrepreneur Chris Bakke tweeted on Tuesday. ‘The Forbes 30 Under 30 have […]
Forbes hires Bohannon for breaking news desk
Forbes has hired Molly Bohannon as a reporter on its breaking news desk. She will start later this month. Bohannon is currently a watchdog reporter at the Fort Collins Coloradoan, where she cover the City of Fort Collins and Colorado State University. Prior to the city beat, she covered K-12 education and Colorado Sate University, which included […]
How Forbes is consolidating revenue streams
Kayleigh Barber of Digiday writes about how Forbes is consolidating some of its revenue streams to create a high value audience. Barber writes, “Forbes began its internal restructuring process at the end of 2022, when several revenue teams were moved under the leadership of chief product officer Nina Gould. “Now overseeing everything from product development and […]
Forbes hires CoStar’s Hamilton as a reporter
CoStar Group reporter Katherine Hamilton has joined Forbes as a reporter. She had been covering real estate news in Washington. She previously was a reporter for the Worcester Business Journal in Massachusetts covering the real estate and health care industries. Hamilton was also a writer at RepresentUs. During her time there, she earned her master’s degree in community development […]
Forbes hires Taran as a senior travel writer
Astrid Taran has joined Forbes as a senior travel writer to cover hotels, destinations, cruises, tours and gear. Recently, Taran was at Dotdash Meredith, where she worked for seven years, where she was senior editor of TripSavvy. She also served as a social media editor, senior social media editor and special projects editor for TripSavvy. […]
Forbes seeks a news desk reporter
Forbes is growing its News Desk. The ideal candidate should be a news obsessive with a passion for thinking quickly and creatively off breaking news and emerging news trends and topic areas. The challenge for the desk is to quickly distill big news events down to their essence, in crystal-clear prose and and with […]
Smith departs FT for Forbes
Sophia Smith, a newsletter editor at the Financial Times, has left and joined Forbes as a product manager for newsletters. Previously, Smith was at Medium, where she worked as an associate editor, assistant editor and editorial producer. She interned at and served as an assistant editor and then managing editor at Maker Media. Smith graduated […]
Foreign ownership concerns hurting Forbes deal
Fear of U.S. government scrutiny is holding up a deal to sell Forbes to a foreign buyer, leaving the company scrambling to find U.S. investors, report Ben Smith and Liz Hoffman of Semafor. Smith and Hoffman report, “Shiv Khemka, an Indian billionaire whose fortune was amassed over decades living in Russia, has been leading the purchase of the iconic, […]
Pitch values Forbes at $800M with $285M in revenue
A pitch deck from India-based Sun Group is trying to lure tech billionaires and Hollywood types to join its bid for Forbes, which values the firm at $800 million, reports Sara Fischer of Axios. Fischer reports, “In the deck described to Axios by sources pitched on the opportunity, the investor group argues that Forbes — […]
