Categories: OLD Media Moves

Another Chinese company eyes stake in Forbes

Another Chinese company is said to be preparing to take a minority stake in Forbes Media, which is already 95 percent owned by Asian investors via Hong Kong-based Integrated Whale Media.

Keith Kelly of the New York Post reports, “The Forbes family has only a 5 percent stake in the company, and Steve Forbes is the only family member still active in the company.

“Yinji Entertainment & Media is said to be eyeing the new stake, according to a report in Caixin, an English-language publication that reports on Chinese businesses.

“Yinji has set up a $256 million investment fund that is buying FBS Entertainment and Leisure, which in turn will be used to buy the Forbes stake — which comes with rights to the Forbes brand in the ‘Greater China’ region.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.