Forbes helicopters are gone

Keith Kelly of The New York Post writes Wednesday that Forbes magazine has sold its two helicopters.

Kelly wrote, “Sources say that Elevation Partners, an investment firm that includes U2 frontman Bono and Roger McNamee, is looking for rapid growth and a big Internet play, and like most investors, wants to see results sooner rather than later. As such, the pressure is on.

“The family-run empire is led by Chairman Steve Forbes and his brother Timothy, the chief operating officer, with other family members, including Christopher “Kip” Forbes and Robert Forbes as stockholders and working executives.

“At the same time, the company, now in its third generation of family ownership, also has some fourth-generation involvement. Moira Forbes, the eldest daughter of Steve Forbes, is among the most active.

“She’s the publisher of the company’s newest titles, ForbesLife Executive Women, which is aimed at professional women and appears to be one of the few areas where the company is spending money. Its first issue hits this month.”

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.