TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Forbes Media Explores Sale

Forbes Media has hired Deutsche Bank to represent it for a potential sale. According to Bloomberg News, the company wants at least $400 million for the 96 year old magazine and its site.

Mike Perlis, Forbes Media’s CEO, told staffers that the company had already received offers, and expects many more:

As a result of your tremendous work, we have received more than a few “over the transom” indications of interest to buy Forbes Media. The frequency and serious nature of these overtures have brought us to a decision point. We’re organizing a process to test the waters regarding a sale of Forbes Media. We have hired Deutsche Bank to represent us, and we expect interest from numerous suitors.

For the complete memo, click through to Ad Age.

Mediabistro Course

Overcoming Writer's Block

Overcoming Writer's BlockUse proven tools and exercises to get back to writing! Starting July 15, learn a process that will help you pinpoint your optimal writing conditions, structure your time and build a framework to increase your productivity. Register now!