Money seeks a senior editor
Money seeks a senior editor to work on Money.com and for Money magazine. This person will have a strong background in editing and reporting, with a strong interest in telling data-based stories to illustrate the world of personal finance and how money shapes people’s lives. He or she will have experience in shaping stories from […]
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 […]
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 […]
Money deputy editor Lim departs for PR firm
Money magazine deputy editor Paul Lim has joined BackBay Communications as vice president and will lead its asset and wealth management group. Lim’s responsibilities include overseeing the group’s accounts and developing and implementing strategic communications plans on behalf of clients, including integrated content marketing campaigns and media relations. BackBay’s asset and wealth management clients include Adams […]
Loeb’s son interested in buying Money/Fortune
The son of Marshall Loeb, who edited both Money and Fortune magazines, is interested in buying them from Meredith, reports Keith Kelly of the New York Post. Kelly repots, “Michael Loeb, who co-founded the magazine marketing firm Synapse Group, which was sold to Time Inc. 12 years ago, is now an investment banker running Loeb & Co. “He […]
Money reporter Leonhardt leaving magazine
Money magazine reporter Megan Leonhardt is leaving the magazine after two years. Her last day is Thursday. “I’m really excited about the new opportunity, but today is about wishing all of my colleagues at Money well and thanking the team for the opportunity to contribute,” said Leonhardt in an email. Leonhardt has been at the […]
Bidding for Fortune/Money has been strong
The bidding to acquire Fortune and Money magazines from Meredith has been strong, reports Keith Kelly of the New York Post. Kelly writes, “Sources say that bidding for the three has been surprisingly strong with the Fortune/Money combo and Time drawing bids close to $200 million each. “First-round bids for all four titles landed May […]
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 […]
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 […]
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 […]
