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Posts Tagged ‘Forbes’

Forbes Names ’100 Most Powerful Women’

Forbes has published yet another list — this time detailing the “100 most powerful women” in the world. At number one, for the one millionth year in a row, is your mother. Now go clean your room.

Since we cover media, here’s a look at some of the women from our field of interest that made Forbes’ list:

9) Sheryl Sandberg – COO of Facebook

12) Susan Wojcicki – CEO of YouTube

14) Oprah Winfrey — Oprah f*cking Winfrey

18) Marissa Mayer – CEO of Yahoo

39) Anna Wintour — editor of Vogue, artistic director of Condé Nast

For the full list, click through.

No One Wants to Buy Forbes

No one, it seems, wants to buy Forbes. According to Bloomberg News, one potential frontrunner to purchase the company is officially out, and two other bidders are no longer engaged in active talks.

It has been about six months since Forbes started fetching offers, but nothing has moved beyond preliminary discussions. China’s Fosun International — publisher of Forbes China — was considered the leader to buy Forbes, but they’re out. Two other companies — Singapore’s Spice Global Investments and Germany’s Axel Springer — have also ended discussions.

We bet you can guess the reason interest has dried up. That’s right, money! The trio of companies considered Forbes’ $400 million asking price way too expensive, so they’re moving on.

Don’t these companies realize that if they owned Forbes they could continuously publish lists of rich people and somehow people will never grow tired of them? That must be worth something.

Crunching the Forbes Freelancer Numbers

In his latest dispatch, Forbes chief product officer Lewis DVorkin shares some specific and very interesting numbers about last-year earnings of forbes.com freelance contributors.

ForbesMostPopular_April1_2014

There are roughly 400 paid freelance contributors. Of that number, DVorkin explains, 15% were able last year through the outlet’s audience-based incentives program to surpass a critical yardstick:

Individually, 60 made as much or more in 2013 than the $45,250 a year the Bureau of Labor Statistics says is the nationwide average for a professional reporter or correspondent. Five or so have built loyal big enough loyal audiences (the model pays more for repeat visitors) to top $100,000. Many dozens more make between $10,000 and $25,000.

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Bill Gates Tops Forbes’ ‘Richest People on The Planet’ List

bill-gates-speaks-out-about-windows-8-video-bc90b4f0b8Bill Gates is back on top. Forbes has named the 58-year-old Microsoft founder the richest person on the planet, a spot he had lost to Carlos Slim for the past four years.

Gates is now worth $76 billion. He’s followed closely by Slim, worth $72 billion. Rounding out the top five Richest People on the Planet list are Amancio Ortega ($64 billion), Warren Buffett ($58 b) and Larry Ellison ($48 b).

Below are some other highlights from the Forbes list. Click here for the entire thing. But only do so if you enjoy being jealous.

  • 172 women made the list, the most ever
  • David Thomson, chairman of Reuters, is the richest media person. He’s worth $22 billion. Michael Bloomberg is ranked 16 overall, worth $33 billion. Rupert Murdoch is ranked 78 overall, worth $13 billion.
  • Mark Zuckerberg was the year’s biggest gainer. His net worth jumped from $15 billion to $28 billion.

Morning Media Newsfeed: Polk Awards Announced | Interview Upsets Skiier | Forbes.com Hacked

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Journalists Who Broke NSA Story Receive George Polk Awards (The Guardian)
The three journalists who broke the National Security Agency revelations from Edward Snowden in The Guardian are among the recipients of the prestigious 2013 George Polk Awards in Journalism. Glenn Greenwald, Ewen MacAskill and Laura Poitras will receive the award for national security reporting, along with Barton Gellman of The Washington Post. Janine Gibson, Guardian U.S. editor-in-chief, said: “We’re honored by the recognition from the Polk awards and delighted for Ewen, Glenn, Laura, Barton and their colleagues that their work has been recognized. NYT In all, 30 reporters representing 15 news organizations were recognized in 13 categories. Reporters from The New York Times won three of the awards, as did reporters from the Post. “In the tradition of George Polk, many of the journalists we have recognized did more than report news,” said John Darnton, the curator of the Polk Awards, referring to the CBS News correspondent who was killed while covering the civil war in Greece in 1948. FoxNews.com The award for political reporting will go to Rosalind Helderman, Laura Vozzella and Carol Leonnig of the Post for reporting on the relationship between former Virginia Gov. Bob McDonnell and a wealthy entrepreneur. Their stories spurred a federal investigation that resulted in a 14-count indictment of McDonnell and his wife, Maureen. Politico / AP Columnist, author and editor Pete Hamill will be honored with the George Polk Career Award, which is named in memory of Professor Robert D. Spector, chair of the George Polk Awards for 32 years until his death in 2009.

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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.”

‘Dumb Starbucks’ Makes Venti Media Waves

DumbStarbucksLogoWhatever the nature of the bizarre coffee shop that opened Friday at 1802 Hillhurst Avenue in Los Angeles’ Los Feliz district, it’s brewing up – two days later – some very impressive east coast coverage. Following an initial report by LA public radio station KPCC, the “Dumb Starbucks” has today been written up at Gawker, Forbes and The Wall Street Journal. With no doubt more such coverage to come before the java-jig is up.

From Luke O’Neil‘s Gawker dispatch:

The odds are that this is some sort of dumb viral marketing stunt or other, and the fact that Dan Harmon of Community and Rainn Wilson were among some of the first to post about it on social media suggests a dumb TV show angle. Further casting suspicion are the dumb store’s dumb disclaimers on their dumb FAQ, where they qualify themselves as a work of parody art in order to circumvent the very, very likely trademark infringement suit they could be subject to.

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Didn’t Like That Sexist Super Bowl Ad? There’s an App for That

NotBuyingItAppRemember last year’s Super Bowl hashtag #NotBuyingIt? Per Clare O’Connor‘s Forbes item, it was borne out of some public resentment towards – mostly – a 2013 GoDaddy spot.

A year later, there’s a free iPhone 5/iPad/iPod App with the same name, designed to make it easier for viewers of Super Bowl XLVIII to call personal fouls on Madison Avenue:

“We’re calling out brands using offensive, genedered, hyper-sexualized images in their advertising,” said Imran Siddiquee of The Representation Project, the non-profit behind acclaimed Sundance documentary Miss Representation and the brainchild of filmmaker Jennifer Siebel Newsom.

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Forbes Names Terrible, Awful, Dammit What The Hell are You Doing New York Knicks Most Valuable NBA Team [Updated]

According to Forbes, The New York Knickerbockers are the most valuable team in the NBA. The Knicks have lost their last four games in a row by an average of 19 points. They paid millions to Andrea Bargnani, a free agent no other team wanted, perhaps because he seems to think spinning like a top is the same thing as playing defense. The Knicks also employ a man named JR Smith. We lack the cognitive ability to comment sanely on Smith, so we’ll just move along.

Despite all this, James Dolan, owner of the Knicks, must be happy. Forbes claims that the Knicks are worth about $1.4 billion, making them number one in the league.

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Morning Media Newsfeed: Net Neutrality Invalid | Poynter Losing Money | Forbes Moves to NJ

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Court Strikes Down FCC’s Net Neutrality Rules, Agency May Appeal (GigaOM)
An appeals court in Washington on Tuesday ruled that the FCC’s “net neutrality” rules, which prevent companies like Verizon from favoring some types of Internet traffic over others, are invalid. The 81-page ruling, which was decided by a 2-1 vote with one judge dissenting in part, has big implications for content providers, consumers and the future of the Internet. Bloomberg U.S. Circuit Judge David Tatel, writing for a three-judge panel, said that while the FCC has the power to regulate Verizon and other broadband companies, it chose the wrong legal framework for its open-Internet regulations. “Given that the commission has chosen to classify broadband providers in a manner that exempts them from treatment as common carriers, the Communications Act expressly prohibits the commission from nonetheless regulating them as such,” Tatel wrote. NYT Internet service providers are free to make deals with services like Netflix or Amazon, allowing those companies to pay to stream their products to online viewers through a faster, express lane on the Web, the judges ruled. Federal regulators had tried to prevent those deals, saying they would give large, rich companies an unfair edge in reaching consumers. But since the Internet is not considered a utility under federal law, the court said, it is not subject to regulations banning the arrangements. BuzzFeed For years, the net neutrality nightmare scenario was as follows: Carriers, such as Comcast, could charge different amounts for access to different tiers of the Internet. The basic tier might include email and basic browsing; the next could include Facebook and Twitter; the final tier could include Netflix, YouTube or Spotify. These tiers would be divided not by bandwidth or speed requirements, but by content type. The Internet would become a club with various VIP sections, arbitrarily laid out to benefit providers. Wired / Threat Level If the decision stands, broadband providers are likely to implement pay-to-play plans like the one AT&T announced last week — plans that many said violated, at a minimum, the spirit of net neutrality.

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