Categories: OLD Media Moves

Forbes acquires 51% of political site

Forbes Media, the parent of Forbes magazine, announced Wednesday that it has acquired a 51 percent stake in RealClearPolitics.com for an undisclosed amount.

RealClearPolitics.com joins the family of Forbes Web sites, which also includes Forbes.com, ForbesTraveler.com, ForbesAutos.com and Investopedia.com.

In making the announcement, Forbes President and CEO Steve Forbes stated, “We are absolutely delighted to welcome RealClearPolitics.com to the Forbes Media family as we continue our pursuit of enhancing and growing the company. Republicans, Democrats, IndependentsÂ — anyone with an interest in politics and its impact on the economy — all find this sight indispensable for staying on top of criticalÂ news and analysis. It will be even more critical as the election season heats up.”

John McIntyre is the president and co-founder ofÂ www.realclearpolitics.com, which he started with fellow Princeton graduate Tom Bevan in the spring of 2000. The site has grown to become one of the premier political Web sites on the Internet, with nearly 1 millionÂ unique monthly visitors.

Read more here. Forbes also announced another deal 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.