Forbes: No more cuts

Forbes CEO Steve Forbes sent out a memo to the staff on Friday after the departure of Elevation Partners co-founder Roger McNamee from the board, noting that it does not portend more cuts at the business magazine publisher. Peter Kafka of All Things Digital has the memo. It reads, in part: “Let us also remember […]

Bet on Forbes doesn't pay off

Keith Kelly of the New York Post writes Friday about how Roger McNamee, one of the co-founders behind the investment firm Elevation Partners, has resigned from the Forbes board after its investment bet in the magazine company has filed to produce results. Kelly writes, “The resignation is the clearest sign yet that Elevation’s bet that […]

Forbes stories should make you richer or smarter

PRWeek interviewed Forbes editor Paul Maidment about the business magazine and what sets it apart from its competition. Here is an excerpt: What sets you apart? The quality of our journalism and our unique voice. People take business and investment decisions on the basis of what we write and say, so we place the highest […]

The end of biz mags as we know it?

Douglas McIntyre of 24/7 Wall Street writes about how the big three business magazines — Fortune, Forbes and BusinessWeek — will have to dramatically change to survive in the future. McIntyre says that all three lost money in the first quarter. He writes, “BusinessWeek is doing so badly that its parent has a small number […]

Other business magazines will fail

Jon Friedman, the media columnist at Marketwatch, predicts that the closing of business magazine Conde Nast Portfolio on Monday won’t be the last of the biz glossies to shutter. Friedman writes, “The business model no longer can be sustained in a digital age. In a bear market where people prefer to sit on the sidelines, […]

Incredibly bad first quarter for biz magazines in ad revenue, pages

TALKING BIZ NEWS EXCLUSIVE Every single business magazine reported a decrease in first-quarter advertising revenue and advertising pages, according to data released Wednesday by the Publishers Information Bureau. Among the largest declines was Wired magazine, which saw a 50.4 percent drop in ad revenue to $10.2 million and a 57.2 percent drop in ad pages […]

Examining the ForbesWoman brand

Robert MacMillan of Reuters takes a look Monday at the launch of ForbesWoman. MacMillan writes, “There comes a time when you launch a magazine, but you don’t call it a magazine. Forbes, publisher of its namesake business magazine and luxury business title ForbesLife — and fresh off layoffs that are bruising most of the U.S. […]

Forbes and females

Moira Forbes, the publisher of ForbesWoman, a new quarterly publication, writes about the long connection that Forbes magazine has had in covering women in the business world. Forbes writes, “A focus on women is not new at Forbes, I am proud to say. On the cover of the debut issue in 1917 (price: 15 cents), […]

Forbes begins pay cuts, week-long furloughs, stops 401(k) contributions

Peter Kafka of All Things Digital has a memo from Forbes CEO Steve Forbes in which he announced a 10 percent pay cut for those at the business magazine making more than $100,000 and a week-long furlough. In the memo, Forbes states, “A number of our colleagues were laid off over the last two days […]

Forbes lays off another 50

Peter Kafka of All Things Digital writes Tuesday that Forbes magazine is laying off another 50 employees in its editorial and business operations. Kafka writes, “The cuts are roughly proportional to the ones the business publication made in November and January when it consolidated its Web and magazine operations. “During the last round of cuts, […]