Forbes hires former Fortune publisher as COO
Forbes Media has picked up a new chief operating officer, Mike Federle, a former publisher and president of rival Fortune, reports Keith Kelly of the New York Post. Kelly writes, “The internal announcement said that Federle was going to be working on business development partnerships, new business models and operating departments, including circulation and manufacturing. […]
Fortune plans to expand its editorial franchises
Lucia Moses of Adweek writes that Fortune magazine wants to double down on editorial franchises in 2012 as it tries to build on the popularity of its Fortune 500 list to appeal to readers and advertisers. Moses writes, “Starting in 2012, Fortunewill have editorial features for all 18 of its issues. The new ones will […]
Bloomberg Businessweek outperforms other biz glossies in third quarter
TALKING BIZ NEWS EXCLUSIVE Bloomberg Businessweek reported a 49.5 percent increase in advertising revenue and a 39 percent rise in ad pages during the third quarter, continuing its rebound after a lackluster performance in 2008 and 2009. The magazine, acquired by Bloomberg in late 2009, reported ad revenue of $49.7 million and ad pages of […]
Forbes leader defends Advoice program
Lewis Dvorkin, the chief product officer at Forbes, defends the magazine’s Advoice program, which gives companies an opportunity to post content on the business magazine’s website. Dvorkin writes, “Now we’re taking dead aim at the disruptive forces before us by reconceptualizing how to fulfill the needs of our readers and advertisers alike. “Our AdVoice program […]
What Forbes taught a biz journalist
Leigh Gallagher, an assistant managing editor at Fortune, writes about her time at rival Forbes from 1998 to 2004 in the wake of the publication of former managing editor Stewart Pinkerton‘s book “The Fall of the House of Forbes.” Gallagher writes, “Pinkerton, who left in 2009 under, well, not-so-happy circumstances, also delivers one of the […]
Fortune names Barnett new ME for website
TALKING BIZ NEWS EXCLUSIVE Fortune managing editor Andy Serwer sent out the following message to the staff on Thursday: I am very pleased to announce two noteworthy personnel moves. First Megan Barnett will now be the managing of editor of Fortune.com. Megan of course has been the acting head of Fortune.com and doing a great […]
A blast from the past
TALKING BIZ NEWS EXCLUSIVE Talking Biz News is operating this week from Syracuse University, where it is perusing the papers of former Wall Street Journal editor Vermont Royster, a two-time Pulitzer winner. We’ve run across a curious document in box eight — a clipping from the Charlotte Observer newspaper dated April 19, 1970. The byline […]
WSJ names new banking editor
Colin Barr of Fortune magazine will start Monday as the new banking editor of The Wall Street Journal. He replaces Jared Sandberg, who left the Journal in late May to become editor of Bloomberg.com. Barr tells Talking Biz News via e-mail that he will work for the Money & Investing section. Thursday was his last […]
Forbes responds to Fortune article
Peter Kafka of All Things Digital has the internal correspondence at Forbes Thursday morning about the article in the latest issue of Fortune about the business magazine’s finances. CEO Steve Forbes wrote that “though the intention is to harm our business, it will not adversely impact Forbes because it highlights a very difficult time in […]
Financial strain at Forbes
Katie Benner of Fortune writes that competing business magazine Forbes had recently violated covenants of a loan and parts of the debt are being sold at less than face value. The company went through a restructuring with the help of a firm that works with distressed businesses to get back into the good graces of […]
