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 […]
Fortune could become a high-end publication under new owner
Joe Pompeo of Vanity Fair writes that Fortune magazine, currently for sale by Meredith along with Money, could become a high-end publication once it changes hands. Pompeo writes, “Among media insiders, the Fortune sale in particular has provoked a rather tenacious piece of gossip: that Salesforce C.E.O. Marc Benioff either was, or still is, or had been but is no […]
Sale of Fortune and Money to happen soon
Meredith Corp., which acquired Fortune and Money magazines from Time Inc., expects to sell them soon, according to comments made Friday after it released its fourth-quarter earnings. During the company’s conference call, executive chairman Steve Lacy said: We have made significant progress and anticipate agreements to sell Time, Sports Illustrated, Fortune and Money, along with […]
