Categories: OLD Media Moves

Forbes boss expects sales news in a few weeks

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

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.