Categories: OLD Media Moves

Forbes moving to New Jersey

Forbes magazine is moving its base of operations out of Manhattan to New Jersey, reports Keith Kelly of the New York Post.

Kelly writes, “CEO Mike Perlis gave the word but said the company is looking for ‘strategically located office space in Manhattan to serve as a New York office.’

“Perlils said the new HQ lease, arranged by the LeFrak Organization, is at 499 Washington Blvd. in Jersey City.

“‘The New Jersey venue will give us the opportunity to create a state-of-the-art media center,’ Perlis said his memo to staffers.

“The move out of its HQ is not a shock since the Forbes family had already sold Forbes Media’s headquarters — purchased in 1965 — to New York University in 2010 for $65 million. At the time it signed a five-year lease to stay in the building. That lease expires Dec. 31.

“Still, leaving the Big Apple for New Jersey is a shocker as Forbes has been based here for 97 years.”

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.