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Posts Tagged ‘Forbes’

Bill Gates is (Once Again) Forbes’ Richest Person in America

unnamedForbes has released its annual Richest Americans list, and for the 21st straight time, Bill Gates claims the number one spot with a net worth of $81 billion. Gates is followed by a bunch of other obscenely wealthy old white dudes (Warren Buffett, $67 billion; Larry Ellison, $50 billion; David and Charles Koch, $42 billion each).

There are some women on the Forbes 400 list — 47, to be exact. That’s down from 48 last year. The youngest woman on the list is Elizabeth Holmes (#110), founder of the medical technology company Theranos. The youngest male is Mark Zuckerberg (#11).

If you’re in the mood to applaud the .03 percent, check out the entire list.

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NewsWhip Compiles Some Impressive Harvard Business Review Stats

Check out the following graph, one of many highlighted in a post today by NewsWhip. From September 1-24, the site sliced, diced and analyzed the social media metrics of seven leading business news sites.

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In terms of overall Facebook engagement, Business Insider is the winner. But as you can see above, when it comes to the social network’s rough equivalent to a per-capita metric, The Harvard Busines Review (HBR) is way ahead.

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Morning Media Newsfeed: Baquet Changes NYT Masthead | Comcast Responds to Merger Critics

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Big Changes to NYT Masthead (FishbowlNY)
Dean Baquet, the New York Times’ executive editor, has officially revamped the paper’s masthead. Gone is the “managing editor” title; it’s being replaced by four “deputy executive editors,” who “have already proven they can run stories that take on big institutions, who have covered a world of war and proven they can lead with humanity.” NYT They are Susan Chira, Janet Elder, Matthew Purdy and Ian Fisher. A fifth editor, Tom Bodkin, will be given the title of creative director, a position equal to the four deputy executive editors. Politico / Dylan Byers on Media Through these changes Baquet hopes to make the relationship between the Times’ digital and print sides more fluid. “I anticipate people moving on and off the masthead as our needs evolve,” he wrote in a memo to staff Wednesday, “and it is important that these moves not be seen as measures of who is up and who is down, but rather as appointments aimed at keeping our journalism and our entire operation as vibrant as possible.” Capital New York The appointments reflect a push for better coordination and cooperation between departments as the Times works on pushing out its journalism to digital readers more effectively. Other recent appointments along these lines include Arthur Gregg Sulzberger as senior editor for strategy, Alex MacCallum as assistant managing editor for audience development and Sam Dolnick as senior editor for mobile. HuffPost Wednesday’s masthead changes are the biggest since Baquet took the reins, but there have been several other moves internally in recent months. Baquet announced the addition of several deputy-level editors in the newsroom in July.

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Canned Forbes Contributor Stands By Column

In an email to iMediaEthics managing editor Sydney Smith, Bill Frezza admits that his quickly deleted Forbes blog post was not a good fit for the site and used a photo that was in poor taste.

BillFrezzaHeadline

But otherwise, he is not apologizing:

“I stand by every word I wrote and it appears that I have kicked off a national conversation on this [college drinking] subject, which was my goal. Most people have no idea what is going on on college campuses these days due to the ill-advised raising of the drinking age from 18 to 21, forcing so much of it to go underground… Unless and until we begin holding individuals accountable for their own behavior, and not institutions, my headline says it all.”

Frezza was quickly axed from the Forbes contributors roster; online reaction to his final column has been swift and, in some cases, questionable. For example, The Frisky headlined him a “Frat Douche.” (Frezza is president of The Beta Foundation, house corporation for MIT’s Chi Phi fraternity.)

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Dr. Dre Tops Forbes’ Highest Paid Hip-Hop Acts List

What does it say about hip-hop when its highest paid act hasn’t released an album since 1999? Whatever it is, Dr. Dre likely doesn’t care, because he’s too busy swimming in a giant pool of money.

Forbes has named Dre 2014′s highest paid hip-hop act because he raked in an astonishing $620 million. That was more than the combined earnings of every other act on Forbes’ list combined.

Two other legends of the game — Jay Z and Diddy — tied for second place, pulling in a measly $60 million each. Drake was next with $33 million, followed by purveyors of annoying rap Macklemore and Ryan Lewis, who earned $32 million. Kanye West was ranked number six with $30 million and yes, he’s mad about that.

You can see the complete list of Forbes’ highest paid hip-hop acts here.

[Image: s_bukley/Shutterstock.com]

Forbes Deal Finalized

forbes_logo_mainForbes Media officially has a lot less Forbes involved in it. In late July, a deal was struck with Hong Kong-based Asset Management (the number being thrown around was $475 million) and now it is done.

Asset Management now owns a majority of the company, officially pushing the Forbes family aside for the first time since the publisher was founded in 1917. The Forbes family still owns a minority stake that some are placing at around 20 percent.

For now, Forbes staffers can breathe easy, as no changes are planned. Until October 8, at least. The New York Post reports that’s when Forbes CEO Mike Perlis will hold a meeting with everyone to discuss what — if any — alterations are coming. Perlis is now in Hong Kong meeting with Forbes’ new owners.

Elevation Partners, which previously held about 44 percent stake in Forbes Media, has been bought out.

This NFL Owner Was a ‘Reporter’s Dream’

DonVanNattaJrTwitterProfilePicDon Van Natta Jr.‘s latest long-read is another winner. Cleverly Texas-titled “Jerry Football,” the ESPN magazine feature article goes deep in an effort to understand what makes Dallas Cowboys owner Jerry Jones tick.

Forbes blogger Eric Jackson has followed up with Van Natta Jr. (pictured) to get some insight about the Jerry Jones reporting process. The senior ESPN writer told Jackson one aspect of the mission made it easy:

“When you ask Jerry Jones a question, you get a gusher of words (and sometimes emotions) delivered in an unfiltered way,” says Van Natta Jr. “In that respect, he’s a reporter’s dream.”

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Media Scandalized by Non-Scandal

In his take today on the hacking of naked celebrity cloud photo materials by perpetrator or perpetrators unknown, Forbes contributor Scott Mendelson makes an astute observation.

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From his blog post:

Outlets as mainstream as People and CNN are referring to the photo leak as a “scandal.” All due respect, it’s not a scandal. The actresses and musicians involved did nothing immoral or legally wrong by choosing to take nude pictures of themselves and put them on their personal cell phones.

You may argue, without any intended malice, that it may be unwise in this day-and-age to put nude pictures of yourself on a cell phone which can be hacked and/or stolen. But without discounting that statement, the issue is that these women have the absolute right and privilege to put whatever they want on their cell phones with the expectation that said contents will remain private or exclusive to whomever is permitted to see them just like their male peers. The burden of moral guilt is on the people who stole said property and on those who chose to consume said stolen property for titillation and/or gratification.

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Morning Media Newsfeed: Forbes Sells Majority Stake | Kindle Unlimited Unveiled

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Forbes Media Sells Majority Stake to Hong Kong Investor Group (FishbowlNY)
In the past six years, Forbes has expanded its international publishing reach from nine licensed local editions to 36. Content is now consumed in 63 countries, in 21 different languages. Friday, the company solidified its international reach with the announcement that a majority stake has been sold to a group of Asian investors. NYT / DealBook The terms were not disclosed, but the transaction values Forbes Media at $475 million, said a person close to the deal. Forbes’ new controlling shareholders will be Integrated Whale Media Investments, a group that includes the Hong Kong investor Tak Cheung Yam and Wayne Hsieh, the Singaporean co-founder of AsusTek Computer. Forbes The Forbes family will retain a significant ownership stake, will stay actively involved in Forbes Media and will work with the investor group to further increase market share of the existing Forbes Media product lines in media, digital, technology, as well as brand extensions. Upon closing, Elevation Partners will fully exit its investment in Forbes Media. Mashable In a statement, the family and its new majority owners framed the deal as a way to ensure Forbes‘ brand and journalistic operations continue to expand. “Our partners respect our brand and values, and support our longstanding mission of championing entrepreneurship and free market capitalism through quality, independent business journalism,” Steve Forbes said in a statement. Capital New York Forbes Media will remain headquartered in the U.S., and there will be no change at the top — Steve Forbes will continue as chairman and editor-in-chief, and Mike Perlis will remain CEO. The company reported that it made a profit in 2013; the company projected a revenue of $144.6 million for the year, according to a report.

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Steve Forbes, John Kerry Call Attention to Journalist’s Unsolved Murder

Will the July 9, 2004 murder in Moscow of rising Forbes Russia editor Paul Klebnikov ever be solved? It’s hard to say.

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On Wednesday, Forbes Media CEO and editor-in-chief Steve Forbes sent out several tweets marking the tenth anniversary of the crime, including the message above. And from Washington D.C., Secretary of State John Kerry issued a powerful statement, which began as follows:

Ten years ago today, an American journalist was shot and killed as he left his Moscow office. Paul Klebnikov did more than write about politics and business in Russia. He was a voice of conscience in the fight against corruption.

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