Staffers told Fortune will explore premium model, have 12 issues next year
Fortune magazine will continue to have 12 print issues next year but will also explore a premium model, staffers were told on Monday during a meeting to discuss its new owner. Meredith Corp., which acquired Fortune from Time Inc. earlier this year, has agreed to sell the business magazine to Thai businessman Chatchaval Jiaravanon for $150 […]
New Fortune owner attracted to its overseas operation
Joe Pompeo of Vanity Fair writes that the new owner of Fortune magazine, Chatchaval Jiaravanon, was attracted to purchasing the publication because of its Asian operation. Pompeo writes, “But Jiaravanon swooped in with strong unsolicited interest at the eleventh hour. He was introduced to Murray last month by a mutual acquaintance, and before long, intermediaries had flown […]
Who is Fortune’s new Thai owner?
Linh Nguyen of Forbes writes about Chatchaval Jiaravanon, who bought Fortune magazine from Meredith Corp. for $150 million. Nugyen writes, “While he may not be a household name yet, his uncle Dhanin Chearavanont is one of the wealthiest and most influential business leaders in Southeast Asia. Jiaravanon’s father is also a billionaire and his extended family, worth at least […]
Fortune being sold to businessman for $150 million
Meredith Corp. is selling Fortune magazine to Thai businessman Chatchaval Jiaravanon for $150 million in cash, a sale that gives the storied business publication a new owner for the second time this year, reports Jeffrey A. Trachtenberg of The Wall Street Journal. Trachtenberg writes, “The 88-year-old magazine, which first published months after the 1929 stock-market crash, continues to carry […]
Fortune hires two new staffers
Clifton Leaf, the editor in chief at Fortune, sent out the following announcement on Tuesday: Dear Fellow Fortune-ites: I’m happy to announce that we have TWO new wonderful colleagues joining us. Alison “Ali” Klooster has joined FORTUNE as senior manager of brand communications, and will focus on making sure the rest of the media world […]
British investor seeking to purchase Fortune
Ian Osborne, a British consultant and investor, is working with a group of investors that wants to buy the business magazine Fortune, reports Peter Kafka of Recode. Kafka writes, “Time Inc. employees are murmuring hopeful things about a deal with Osborne’s group, but I don’t know how advanced Osborne’s conversations with Meredith are. Alan Murray, the […]
Investment group in talks to buy Fortune, Money
An investment group that includes billionaire Dan Gilbert is in talks with Meredith Corp. to acquire Fortune and Money magazines, reports Keith Kelly of the New York Post. Kelly writes, “The group is being assembled by Josh Pollack, from Los Angeles-based Velocity Entertainment, who had briefly worked as a developer on the nascent Sports Illustrated […]
Fortune now gets less than 50% of its revenue from magazine
Yale Insights interviewed Time Inc. chief content officer Alan Murray about the changing world of journalism, including how some of Time’s publications have adapted. Here is an excerpt: Q: What is the business model? Right now, the economics don’t work. With most of the brands, the print magazines still bring in the majority of the […]
Fortune seeks a tech reporter in San Francisco
The technology industry has perhaps never been more important or more hotly debated than it is right now. Fortune is looking for a sharp, organized, and ambitious journalist in San Francisco to creatively and fearlessly cover the industry. You will: —Have enthusiasm for digging out the stories behind the successes, missteps, and failures of technologists, […]
Fortune seeks an associate editor in New York
Fortune is looking for a sharp, organized, and ambitious journalist to take on the role of associate editor in New York. The ideal candidate has a general business background, with a particular interest in covering issues of gender and diversity in the corporate world. You will: Pitch and write smart stories about female leaders and […]
