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Posts Tagged ‘Forbes.com’

As Business Magazines Stuggle, Fortune Revamps

fortune.pngYes, business magazines are in trouble. This week there’s been news of BusinessWeek going up for sale and Forbes.com‘s CEO stepping down.

Now, The New York Post‘s Keith Kelly says Time Inc. editor-in-chief John Huey has turned his attention towards Fortune. Kelly reports that Huey has put together “a high-level SWAT team of in-house and external experts,” to revamp the magazine, although it’s been a balancing act trying not to alienate managing editor Andy Serwer.

“I’m intimately involved in the process,” Serwer told Kelly. “Times are tough in the category, but this is a commitment to moving ahead into 2010.”

Update: A source with knowledge of the situation told FishbowlNY that Fortune is going through a refresh, but it’s something that every Time Inc. title goes through every now and then. In addition, Serwer has been in charge of the update since the beginning and his relationship with Huey remains strong, our source said.

And speaking of ways to save a business magazine, BusinessWeek‘s own Stephen Baker has some thoughts about the challenges that the new owners might face, and how they can start to make the finished product more attractive to readers.

Forbes.com Loses Its CEO

spanfeller.png Speculation began earlier tonight that Jim Spanfeller would be stepping down from his position as president and CEO of Forbes.com.

Then Steve Forbes sent an internal memo to all staffers announcing the decision.

“In the entrepreneurial spirit that Forbes has always championed, Jim will be setting up his own media management company,” Forbes said of Spanfeller’s future plans.

Spanfeller himself had a quote in the memo: “The world of media has changed rapidly in the past 10 years and the velocity of the change promises only to increase going forward. I’ve had a great run at Forbes and have been deeply involved in the breakthroughs and transformations between traditional and digital media. Now I see a huge opportunity to have my own media management business that will help other traditional media companies make the most of their enormous prospects in digital venues, taking all I have learned here in the past decade and applying on a wider horizon. Forbes.com has truly been a truly wonderful ride and I am deeply in debt to the Forbes family for letting me be a part of it.”

Spanfeller will stay on through the transition period of a new CEO, probably through Labor Day, the memo added. Forbes has been battered by the recession, and its gone through layoffs and imposed furloughs this year to compensate. Who can come on as CEO to save this (most likely) sinking ship?

Forbes.com Editor Joins Working Mother

jonsen.pngFormer Forbes.com senior editor Helen Jonsen has joined Bonnier Corp. as director of digital media at Working Mother Media division.

The experienced broadcast journalist and mother will oversee te growth of three main online properties of the Working Mother Media unit including www.workingmother.com and the Web site for the National Association for Female Executives (www.nafe.com).

“As a working mother, I am passionate about the culture change in America that Working Mother Media has championed for 30 years,” Jonsen said.

Jonsen previously worked as senior editor and executive producer at the Forbes.com Video Network, but she left the company earlier this year before lay-offs struck. She also worked for two decades in broadcasting and as a media consultant in New York, New England and Australia.

Full release after the jump

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More Cuts To Come At Forbes?

mcnamee.pngIt’s been a tough year at Forbes. The media company, which owns Forbes magazine, Forbes.com and a handful of other magazines like Forbes Woman, has already gone through two rounds of layoffs across the business and editorial staffs and more bad news might be on the way.

The New York Post‘s Keith Kelly reported today that Elevation Partners’ co-founder Roger McNamee has stepped down from Forbes’ board and will be replaced by Bre Pearlman, who has “a reputation as an aggressive cost-cutter.”

McNamee (left) was the main driver behind Elevation’s purchase of a 40 percent stake in the Forbes family-owned company two and half years ago but, as Kelly pointed out, his departure from the board may show that the company’s chance for growth is slim.

We’re hearing that the mood within the Forbes editorial offices — which recently completed a merger between the online and magazine staffs — is nervous, which former Forbes staffer Peter Kafka has also reported.

Update: A Forbes publicist sent us the memo that went out to staff today from Steve Forbes.

“We fully understand the concerns that the present difficult environment causes,” the memo said. “We want to thank everyone for their hard work. We profoundly believe that the steps being taken, not only short-term painful ones, but also new growth initiatives, will make Forbes stronger than ever when economic recovery comes.”

The full memo after the jump

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Forbes.com Ranks the Liberal Media Elite

large_fey_palin_01.jpgForbes.com has compiled a list of the 25 Most Influential Liberals in US Media, which depending on who you are includes most of the East Coast, or begins and ends with Arianna Huffington (who ranks second). A number of people on the list are bloggers: Ezra Klein, Josh Marshall, and our favorite addition, Andrew Sullivan, whose support of both Obama and Gay marriage has apparently forever excluded him from the GOP camp.

However the two entries we find most intriguing are the op-ed page editors of both the New York Times and the Washington Post. David Shipley of the Times comes in at nine, and Fred Hiatt of WaPo makes the top three. Says Forbes of Shipley: “Relatively unknown, compared with others on this list, he runs the most widely read op-ed page in America. The page is poised to challenge left-leaning shibboleths from within the fold while still remaining faithful to the Times’ core liberal values.” In case you’re wondering Paul Krugman occupies top spot. See the full list here.

Online Dispatches: EW, Forbes.com, Double X

megaphone.gifKeeping an eyes on some changes occurring online this week:

  • Will EW go online only? (On a side note we imagine this will be a recurring theme in 2009 media land). Gawker was speculating on rumors that the magazine, whose print circulation has plummeted this year, may move the whole operation online since their web traffic is strong. However! Turns out it was a false lead and the magazine is “full steam ahead for 2009.”
  • Forbes.com, which suffered some layoffs a few weeks back, is further embracing its online presence with a redesign of the story pages, its award-winning Video Network, stock quotes and executive tear sheets.
  • Double X, Slate‘s soon-to-be launched Web magazine for women, has tapped former Jezebel-er Jessica Grose to be their managing editor.

Layoffs at Forbes?

Lately we are no longer grateful for it being Friday since in recent weeks it arrives with news of the folding of some magazine(s). Today we’ve been hearing from a number of tipsters that there have been layoffs at Forbes.com and that Forbes Traveler may have folded. Email us at fishbowlny@mediabistro.com if you have details.

UPDATE: ForbesAuto.com Shuttered, ForbesTraveler.com to Continue

The Financial Crisis is Making Us Smarter

forbesadg.png

This financial crisis is doing for our financial knowledge what the primaries did for our civics knowledge (seriously, how many people out there knew the difference between a caucus and a primary twelve months ago?). It also means that we are traveling to new destinations on the Internet: regular readers know we often turn to Clusterstock, but today we also discovered Robert Lenzner‘s Street Talk at Forbes.com. To be sure, we are a long way from being able to explain what’s going on, or say, tell you exactly what a derivative is, but it’s a start. Also, we liked that Forbes.com included a quote along with the requisite ad page.

Forbes Re-Launches Opinion Channel With 16 New Columnists

tunkuvaradarajan.jpgForbes.com announced today that they have hired Tunku Varadarajan as the new Opinions Channel Editor. Varadarajan most recently served as a contributing editor at the Financial Times, prior to that, he was Assistant Managing Editor at The Wall Street Journal.

As part of his new role Varadarajan was responsible for today’s relaunch of Forbes.com Opinion Channel, which has been restructured to include four main topic categories: Business and Economics, Foreign Affairs and Defense, Culture and Society, and Politics. Sixteen new columnists have also been added. The full press release and a list of the new columnists after the jump.

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