Forbes responds to Fortune article
Peter Kafka of All Things Digital has the internal correspondence at Forbes Thursday morning about the article in the latest issue of Fortune about the business magazine’s finances.
CEO Steve Forbes wrote that “though the intention is to harm our business, it will not adversely impact Forbes because it highlights a very difficult time in the past when all the media industry was going through unprecedented upheaval.”
He added, “Forbes has the finest team – you – in the media world today. Forbes is profitable and is successfully navigating these extraordinarily turbulent seas. The company continues to grow and thrive with powerful new strategies and talent.”
Monie Bagley Feurey, the senior vice president of corporate communications, will release a statement to the media later today that states, “Since 2010, the company has pursued its strategy of putting journalism at the center of social media. This strategy is at the cutting edge of media today, which is why it is garnering support from audiences and advertisers alike.
“Elevation Partners are enthusiastic supporters of the direction of the company and have been full participants as these strategies have been developed.”
Read more here.