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Posts Tagged ‘Forbes’

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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Forbes Blogger Causes International Incident

Just how big a deal in Ireland is the July 23 sexual orientation mix-up for which both Forbes magazine and item author David Monagan have solemnly apologized? Well, it’s not every day that a correction leads to a separate informational page in the recipient country’s leading newspaper, to educate readers about the culpable publication and journalist.

James O’Shea, a staff writer at New York-based website irishcentral.com, speculates that Monagan must have blanked while making incidental mention in his post of Irish president Michael D. Higgins, thinking instead of another since-defeated political candidate:

Forbes likely mixed up Higgins with another presidential candidate, David Norris, who is gay and has written and talked extensively about it.

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Forbes Names Mark Howard Chief Revenue Officer

Forbes has promoted Mark Howard from senior VP of digital advertising strategy to chief revenue officer. Howard is succeeding Meredith Kopit Levien, who left to become the new executive VP of advertising for The New York Times.

“Meredith and Mark have been close partners in driving our revenue strategy and seizing opportunities in the two hottest trends in advertising — programmatic buying and native advertising,” said Mike Perlis, president and CEO of Forbes Media, in a statement. “Mark is one of the most knowledgeable people in the marketplace on native ads and, during his more than ten years at Forbes, has become well versed in what our brand stands for, selling print and digital, and the power of our content model and publishing platform.  We look forward to his continued leadership.”

Howard has been with Forbes since 2002. Prior to joining Forbes, he held sales roles at Inc. and Fast Company.

Mike Smith Leaves Forbes for Hearst Magazines

Mike Smith is joining Hearst Magazines Digital Media — a division of Hearst Magazines — as vice president, revenue platforms and operations, a new role at the company.

Smith joins Hearst from Forbes, where he had been since 2000. Smith most recently served as president of Forbes.com and chief digital officer of Forbes Media.

In related news, Mike Dushane — most recently VP of product development for CarandDriver.com — has been promoted to VP, product development at Hearst Magazines Digital Media.

“These are enormously talented digital veterans who will reshape how we work,” said Troy Young, president of the Hearst division, in a statement. “We’re redefining the way we look at technology, content development and operations and adopting a more collaborative approach.”

Land $2 Per Word and Up at Inc.

incmagazine.jpgInc., a monthly publication targeting the entrepreneurial community, is currently accepting pitches for all sections. ”We are a magazine about people who are incredibly passionate and have the will to start a business from scratch,” managing editor Alexandra Brez told Mediabistro.

And, before you fire off a pitch with a generic business angle, keep in mind that the pub goes to great lengths to set itself apart from competitors such as Fast Company or Forbes. ”We are different because of our sophistication, as well as our connection to and interest in our community of entrepreneurs,” Brez said. “We are a very likable brand. People are proud to be featured by us.”

Get more details on pitching guidelines, plus contact info for all editors in  How to Pitch: Inc. [Mediabistro AvantGuild subscription required]

– Nicholas Braun

ag_logo_medium.gifThe full version of this article is exclusively available to Mediabistro AvantGuild subscribers. If you’re not a member yet, register now for as little as $55 a year for access to hundreds of articles like this one, discounts on Mediabistro seminars and workshops, and all sorts of other bonuses.

Land $2 Per Word and Up at Inc.

incmagazine.jpgInc., a monthly publication targeting the entrepreneurial community, is currently accepting pitches for all sections. ”We are a magazine about people who are incredibly passionate and have the will to start a business from scratch,” managing editor Alexandra Brez told Mediabistro.

And, before you fire off a pitch with a generic business angle, keep in mind that the pub goes to great lengths to set itself apart from competitors such as Fast Company or Forbes. ”We are different because of our sophistication, as well as our connection to and interest in our community of entrepreneurs,” Brez said. “We are a very likable brand. People are proud to be featured by us.”

Get more details on pitching guidelines, plus contact info for all editors in  How to Pitch: Inc. [Mediabistro AvantGuild subscription required]

– Nicholas Braun

ag_logo_medium.gifThe full version of this article is exclusively available to Mediabistro AvantGuild subscribers. If you’re not a member yet, register now for as little as $55 a year for access to hundreds of articles like this one, discounts on Mediabistro seminars and workshops, and all sorts of other bonuses.

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