Top Story


Home >> Media – Print >> Article

Forbes Media on the lookout for a buyer

Font Size   16
Forbes Media on the lookout for a buyer

Another old print bastion is on the verge of a sellout. According to various media reports, Forbes Media, which publishes the Forbes magazine, is seeking a buyer. The company is expecting $400 million from the sale.

Founded in 1917 by BC Forbes, Forbes magazine is among the most powerful names in business journalism and is best known for its annual billionaire and power lists.

As per media reports, in a mail to the Forbes staff, Michael Perlis, CEO, Forbes Media had stated that the company has received “more than a few ‘over the transom’ indications of interest to buy Forbes Media”. Incidentally, Perlis is the first non-member to run the Forbes family-owned 96-year-old business magazine.

According to a Bloomberg report, Forbes has hired Deutsche Bank to represent the company in the sale and expects interest from “numerous suitors”.

A New York Times report quoted a person familiar with the sale process stating that Forbes Media is expected to generate at least $400 million from the sale.

Meanwhile, Time Inc is being touted as among the potential buyers for Forbes after Forbes Media executives were seen at the Time headquarters. 


Chitresh Sinha, CEO, Chlorophyll Innovation Lab and Vivek Singh, Joint MD, Procam International speak exclusively with exchange4media on the upcoming #BeBetter Campaign for the TATA Mumbai Marathon

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Software and Technology, Consulting, Healthcare seem to be increasingly using Webinars to engage with their clients and employees

Latestly focuses on all latest and breaking events across the globe, providing information on trend related stories across genres

As part of this re-imagined approach Star India will broadcast live matches in six different languages with an aim to target 700 million viewers across TV and Digital.

Rahul Johri, CEO, Board of Control for Cricket in India (BCCI), spoke about the upcoming season of IPL and with Star India’s re-imagine approach, he made assured that this year will be a kickass seas...