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Posts Tagged ‘Forbes’

Chinese Tycoon’s Interest in New York Times Undone by Media Attention

ChenGuangbiaoHeadshotThe young new year’s strangest NYC media story has come to a predictable end. Chinese billionaire Chen Guangbiao is moving on from his briefly articulated aspirations to become a local newspaper baron.

What’s not so expected is the way this pie-in-the-Chinese-sky came crashing down. From a report by Forbes blogger Heng Shao:

In an interview with Forbes in New York on Tuesday, Chen said he had scheduled a meeting on January 5 with “a small shareholder” of the Times who was introduced to him by a Chinese-American friend and supposedly would help “coordinate the deal from the top.”

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Forbes Unveils ’30 Under 30 in Media’ List

forbes_logo_mainForbes has unveiled its annual 30 Under 30 in Media list, and it’s filled with people who you will publicly praise and then curse under your breath.

This year’s list might as well be subtitled Yo, Young People Own Companies, because of the 34 people included (Forbes treats co-founders as one entry), 22 of them are entrepreneurs.

Some of the more notable 30 Under 30 include Matt Galligan, CEO of Circa; Pete Cashmore, founder of Mashable; Kelly Evans, CNBC anchor; and Fernando Vila, VP of programming at Fusion.

For the full Forbes list, click through.

Morning Media Newsfeed: Stelter Gets Movie | Profane Anchor Fired | Time Drops Forbes Bid

Click here to receive Mediabistro’s Morning Media Newsfeed via email.

Brian Stelter’s Top of The Morning Being Developed as Lifetime Movie (TVNewser)
Brian Stelter‘s Top of The Morning, which chronicled the rise of Good Morning America and the fall of Today, will soon join the pantheon of Lifetime original movies including Deadly Honeymoon, Romeo Killer and, more recently, Bonnie & Clyde. Top of The Morning: Inside The Cutthroat World of Morning TV has been optioned by Lifetime for a made-for-TV movie, TVNewser has learned. Production company DiGA Vision had previously bought the rights to the book. Lifetime confirms it is in the early development stage for the film. THR / The Live Feed The buzz-worthy book was published in April 2013, and met with mixed reviews. As part of the reporting process, Stelter, who recently moved to CNN as host of Reliable Sources, spent much of his time consumed by morning news coverage, with a heavy focus on Ann Curry’s short-lived stint as co-host of Today and the high-profile rivalry between Today and now top-rated Good Morning America. NY Observer It seems like a logical fit. After all, Lifetime is a network that caters to women. And women love morning television (or so we hear). Variety Lifetime’s deal to adapt Top of The Morning is sure to raise some eyebrows as the cabler is 50 percent owned by Disney, parent company of ABC. The book is generally flattering to GMA and the ABC News executive team. TVNewser For the rest of the week, we’ll be asking you to cast the actors you want to portray the biggest names in TV morning news.

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Billionaire Joe Mansueto Interested in Buying Forbes

Joe Mansueto, the billionaire founder and CEO of investment research firm Morningstar, is eyeing Forbes. The New York Post reports that Mansueto, is considering purchasing Forbes Media, which went up for sale in mid November.

Mansueto seems like a likely candidate to purchase the company. His Mansueto Ventures already owns Inc. and Fast Company, so he’s clearly interested in the media world. Plus, though Forbes wants about $400 million for the company, experts told the Post it won’t get nearly that much.

Mansueto’s net worth is $2.1 billion according to, well, you know who.

New York Filmmaker Captures Walmart Mayhem

Brian Spain‘s return to North Carolina for the holidays has taken an unexpected, major-media turn. Thanks to having filmed and posted one of several videos showing the early Black Friday craziness at Walmart, he was on CNN this morning with Carol Costello and is also featured in this Forbes blog post.

Last month, Spain posted a tongue-in-cheek “Gay Barilla Ad,” but that take on another corporate PR disaster received nothing near the clicks of his brief chronicling of the tussling for TVs at a Walmart in Elkin, NC. Here’s part of what he told ForbesClare O’Connor:

“I saw the crazy full parking lot at Walmart, so I decided to go in and interview people… That’s when I saw the fight happen. I immediately had an employee – I assume the manager since he was the one that kicked me out – tell me that I had to turn my camera off and leave…”

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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.

Forbes Internship, or Forbes Torture?

We all have to start somewhere. But perhaps an extra level of steeliness will be required for the person who winds up settled into this NYC journalism opportunity:

The Forbes Wealth team seeks an inquisitive, investigative intern/reporter to help cover the world’s wealthiest people. That person will be an integral part of the team that compiles and produces one of our most popular issues, the World’s Billionaires. Responsibilities include extensive research on wealthy individuals and spreadsheet manipulation.

ForbesWealth

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Michael Solomon Named Editor of ForbesLife

Michael Solomon has been named editor of ForbesLife, the luxury lifestyle magazine from Forbes. Solomon most recently worked as executive editor of Byliner, the digital publisher. Previously he was features director at The Daily Beast and from 1989 through 1997, served as features editor for Esquire.

“ForbesLife is a unique product in the luxury space, with unmatched access into the lives and passions of the most successful people in the world,” said Forbes’ editor Randall Lane, in a statement. “Michael brings with him not only extensive editorial experience in the lifestyle arena, but also a mastery of both magazines and digital.”

Solomon starts immediately and reports to Lane.

Aviation Week Vet Lands at Forbes

It would be mighty nice to belong to the target audience addressed at the tail-end of today’s Forbes announcement.

ForbesBusinessAviationLogo

But last we checked, the FishbowlNY private jet was still at the approval stage:

“Whether your company is interested in buying aircraft, or exploring the many other options such as jet cards, fractional ownership or charter, Forbes will share the ins and outs and show how business aircraft can get you where you need to be, when you need to be there, for a true business advantage.”

To bolster its Forbes Business Aviation coverage, the publication has snagged a true subject matter superstar. For 23 years, Tony Velocci covered the beat for Aviation Week. He actually retired last year, but evidently, Forbes made him an offer he couldn’t refuse, and-or he decided retirement wasn’t quite the ticket.

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Forbes Chief Product Officer Shares a Spectacular Graph

Lewis Dvorkin has an intriguing follow-up to last week’s David Carr article about the increasing role being played on the Web by native advertising, for which he was interviewed. The Forbes chief product officer shares a bunch of Forbes Web stats, but it’s the graphic below that really caught FishbowlNY’s attention:

ForbesMagSalesGraph

Not only has Forbes‘ digital audience grown by leaps and bounds over the past few years with Dvorkin nurturing an ever-expanding blog network. More recently, per the Alliance for Audited Media (AAM) figures above, newsstand sales have increased 17.5% in the first half of 2013 as compared to the same period a year ago.

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