OLD Media Moves

Forbes boss expects sales news in a few weeks

January 10, 2014

Posted by Chris Roush

Keith Kelly of the New York Post reports that Forbes chairman Steve Forbes expects an announcement about its potential sale within a few weeks.

Kelly writes, “The executive said he expected to hear news ‘in the next several weeks.’

Asked if he was happy with the price, since Ink had heard that it might be having a hard time fetching top dollar, Forbes responded rather cryptically, ‘Price? I like the price. I’m Scottish, so I like the price.’

“Then he was gone.

“Up to 50 members of the extended Forbes family may participate in dividing up the profits from the company started by Steve’s grandfather B.C. (Bertie Charles) Forbes.

“The founding Forbes immigrated to the US from Scotland in 1904 and, after holding a variety of financial journalism jobs, started the magazine in 1917. He held the Editor-in-Chief job until his death in 1954 — when it was turned over to son Malcolm Forbes, Steve’s dad.”

Read more here. Although Scottish, Bertie Forbes actually moved to the United States from South Africa

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