FishbowlDC TVNewser TVSpy LostRemote AgencySpy PRNewser GalleyCat SocialTimes

Forbes Media Buyer Might Come from Far East

The bids for Forbes Media — which has been up for sale since last November — are all in, and word is that the frontrunners are both from the far East. According to Bloomberg News, China’s Fosun International, which publishes Forbes China, and Singapore’s Spice Global Investments, a diversified company, are both leading the pack.

Other potential buyers include Joe Mansueto, the billionaire founder and CEO of investment research firm Morningstar, and Germany’s Axel Springer, which publishes Forbes Russia.

Forbes wants $400 million for the company, and at least one media analyst believes that if an international buyer pays that much, it would be well worth it.

“Forbes used to just be a magazine, now it’s a worldwide business brand,” Ken Doctor, from Outsell Inc., told Bloomberg News. “How many people in their twenties and thirties are in emerging business markets — Asia, Africa, Latin America? That’s my sense of the great growth potential of the Forbes brand.”

Mediabistro Course

Copy Editing: Intro

Copy Editing: IntroStarting January 6, learn basic copy editing skills using the AP Stylebook! In this course, you'll learn how to use dictionaries and online reference tools to edit work, ask the right questions to clarify convoluted copy, prepare for a copy editing test, and tailor your resume to find more work as a copy editor. Register now!