on November 18, 2013 in World News
Forbes up for sale, expects $400mn
Pressured press: Forbes up for sale, expects $400mn Forbes Media says the 96 year old family-owned magazine is up for sale. The deal follows a broader trend of publishers selling struggling print media brands that have failed to stay afloat in the ‘digital era’. President and CEO Mike Perlis sent out an internal company letter on Sunday saying “we’re organizing a process to test the waters regarding a sale of Forbes Media.” The note also said the media outlet has hired Deutsche Bank to broker the sale and … View Article
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