Fortune seeks manager of member services for live media
Fortune is looking for a sharp, organized, and ambitious person to take on the role of managing membership content for Fortune’s CEO Initiative, a membership organization of top CEOs, and annual meeting of the CEOs of companies committed to addressing major social issues as part of their core business strategies. You will: Coordinate, communicate and […]
Fortune, Money and Time could fetch $100 million
A prospective buyer of Fortune, Money and Time magazines should expect to pay more than $100 million for the titles, reports Keith Kelly of the New York Post. Kelly writes, “Houlihan Lokey is handling the sale of SI while Citigroup is in charge of the sale of the other three titles — signaling that Meredith […]
Fortune’s Huddleston joins CNBC’s Make It
Thomas Huddleston has been hired at CNBC Make It as an entrepreneurs writer, reporting to Leah Ginsberg. Prior to CNBC, Huddleston was a reporter at Fortune, where he focused on daily business news and market happenings for Fortune.com and Fortune magazine. He had been there since May 2014. He began his journalism career at The […]
Murray’s wings get clipped at Time
Time Inc. chief executive officer Alan Murray — the former editor of Fortune and a former editor at The Wall Street Journal — has had his responsibilities diminished now that it’s owned by Meredith Corp., writes Keith Kelly of the New York Post. Kelly reports, “At a Friday meeting, Murray was informed he gets to keep his title for […]
Bloomberg is not interested in acquiring Fortune
Bloomberg, which owns Bloomberg Businessweek and Bloomberg Markets, is not interested in acquiring Fortune magazine, reports Greg Dool of Folio. Dool writes, “A source with knowledge of the situation tells Folio: that Bloomberg is not interested in making an offer for the 88 year-old business magazine, and no such deal is imminent. “Fortune is one of four magazines […]
Meredith’s statement on decision to sell Fortune, Money
Here is the statement that Meredith Corp. put out on Monday regarding its decision to sell Fortune and Money magazines, among other titles: “We have made significant progress executing on these initiatives since we closed on the acquisition just six weeks ago,” said Meredith President and CEO Tom Harty. “For example, today we are announcing we have completed […]
Fortune draws interest from buyers, primarily wealthy individuals
Dan Primack of Axios has the following breakdown of Meredith Corp. CEO Tom Harty’s meeting with the staff of Fortune, where he used to work. Primack writes, “Notes from the 2:30pm meeting with Fortune staffers, which took place in New York City despite many being absent due to the snowstorm: There is a lot of inbound […]
Bloomberg may buy Fortune magazine
Bloomberg LP is among the potential acquirers who have examined buying Fortune magazine, reports Alexandra Steigrad of the New York Post. Steigard reports, “A Bloomberg spokesman declined to comment. Meredith said: ‘It is our policy not to comment on market rumors or speculation.’ “Despite the buzz about Bloomberg, insiders wondered how Fortune would fit into Bloomberg’s print portfolio, […]
Meredith hires advisers to explore Fortune, Money sale
U.S. media company Meredith Corp. has hired advisers to explore a sale of Fortune and Money magazines following its $1.84 billion acquisition of Time Inc. in January, reports Jessica Toonkel and Liana B. Baker of Reuters. Toonkel and Baker report, “It was not clear how much the magazines could be worth. Fortune and Money generated more than $20 million in […]
Ex-Time CEO mulls purchase of Fortune, Money
The former chief executive officer of Time Inc. is interested in purchasing Fortune and Money magazines, as well as the Fortune conference business, from new owner Meredith Corp., reports Keith Kelly of the New York Post. Kelly reports that Joe “Ripp was the CEO who steered Time Inc. through its spinoff from Time Warner in […]
