Cover for December 20, 2010, featuring Julian Assange
|First issue||September 15, 1917|
|Company||Forbes Media, LLC. (51%: Integrated Whale Media Investments; 49%: Forbes family)|
|Based in||Jersey City, New Jersey, U.S.|
Forbes ( // ) is an American business magazine. Published bi-weekly, it features original articles on finance, industry, investing, and marketing topics. Forbes also reports on related subjects such as technology, communications, science, politics, and law. Its headquarters is located in Jersey City, New Jersey. Primary competitors in the national business magazine category include Fortune and Bloomberg Businessweek . The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the world's top companies (the Forbes Global 2000), and The World's Billionaires. The motto of Forbes magazine is "The Capitalist Tool". Its chair and editor-in-chief is Steve Forbes, and its CEO is Mike Federle. In 2014, it was sold to a Hong Kong-based investment group, Integrated Whale Media Investments.
Business is the activity of making one's living or making money by producing or buying and selling products. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors."
Jersey City is the second most populous city in the U.S. state of New Jersey, after Newark. It is the seat of Hudson County as well as the county's largest city. As of 2018, the Census Bureau's Population Estimates Program calculated that Jersey City's population was 265,549, with the largest population increase of any municipality in New Jersey since 2010, an increase of about 9.4% from the 2010 United States Census, when the city's population was at 247,597, ranking the city the 78th-most-populous in the nation.
Fortune is an American multinational business magazine headquartered in New York City, United States. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with Forbes and Bloomberg Businessweek in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the Fortune 500, a ranking of companies by revenue that it has published annually since 1955.
B. C. Forbes, a financial columnist for the Hearst papers, and his partner Walter Drey, the general manager of the Magazine of Wall Street,founded Forbes magazine on September 15, 1917. Forbes provided the money and the name and Drey provided the publishing expertise. The original name of the magazine was Forbes: Devoted to Doers and Doings. Drey became vice-president of the B.C. Forbes Publishing Company, while B.C. Forbes became editor-in-chief, a post he held until his death in 1954. B.C. Forbes was assisted in his later years by his two eldest sons, Bruce Charles Forbes (1916–1964) and Malcolm Stevenson Forbes (1917–1990).
Bertie Charles Forbes was a Scottish-born American financial journalist and author who founded Forbes magazine.
William Randolph Hearst Sr. was an American businessman, newspaper publisher, and politician known for developing the nation's largest newspaper chain and media company, Hearst Communications. His flamboyant methods of yellow journalism influenced the nation's popular media by emphasizing sensationalism and human interest stories. Hearst entered the publishing business in 1887 with Mitchell Trubitt after being given control of The San Francisco Examiner by his wealthy father.
Bruce Forbes took over on his father's death, and his strengths lay in streamlining operations and developing marketing.During his tenure, 1954–1964, the magazine's circulation nearly doubled.
On Bruce's death, his brother Malcolm Stevenson "Steve" Forbes Jr. (born 1919) became President and Chief executive of Forbes and Editor-in-Chief of Forbes magazine. million, setting the value of the enterprise at $750 million." Three years later, Mark M. Edmiston of AdMedia Partners observed, "It's probably not worth half of that now." It was later revealed that the price had been US$264 million.Between 1961 and 1999 the magazine was edited by James Michaels. In 1993, under Michaels, Forbes was a finalist for the National Magazine Award. In 2006, an investment group Elevation Partners that includes rock star Bono bought a minority interest in the company with a reorganization, through a new company, Forbes Media LLC, in which Forbes Magazine and Forbes.com, along with other media properties, is now a part. A 2009 New York Times report said: "40 percent of the enterprise was sold ... for a reported $300
Malcolm Stevenson "Steve" Forbes Jr. is an American publishing executive, who was twice a candidate for the nomination of the Republican Party for President of the United States. Forbes is the Editor-in-Chief of Forbes, a business magazine. Forbes was a Republican candidate in the 1996 and 2000 Presidential primaries. Forbes is the son of longtime Forbes publisher Malcolm Forbes, and the grandson of that publication's founder, B.C. Forbes. He is an adviser at the Forbes School of Business & Technology.
James Walker Michaels was an American journalist and magazine editor. Michaels served as the longtime editor of Forbes magazine from 1961 until his retirement in 1999.
Elevation Partners was an American private equity firm that invested in intellectual property and media and entertainment companies. The firm had $1.9 billion of assets under management. The firm was founded in 2004 and was headquartered in New York City and Menlo Park, California. In the years 2012-2015 their assets were acquired by other companies, with portfolio under the name Elevation Partners closing in 2015. Some members of the board formed a company called "NextEquity Partners", which invests in similar sites. Bono went on to co-found "The Rise Fund", dedicated to improving the United Nations' seven sectors of sustainable development.
In January 2010, Forbes reached an agreement to sell its headquarters building Fifth Avenue in Manhattan to New York University; terms of the deal were not publicly reported, but Forbes would continue to occupy the space under a sale-leaseback arrangement.The company's headquarters subsequently moved to the Newport section of downtown Jersey City, New Jersey, in 2014.
Fifth Avenue is a major thoroughfare in the borough of Manhattan in New York City. It stretches north from Washington Square Park in Greenwich Village to West 143rd Street in Harlem. It is considered one of the most expensive and elegant streets in the world.
Manhattan, often referred to locally as the City, is the most densely populated of the five boroughs of New York City and its economic and administrative center, cultural identifier, and historical birthplace. The borough is coextensive with New York County, one of the original counties of the U.S. state of New York. The borough consists mostly of Manhattan Island, bounded by the Hudson, East, and Harlem rivers; several small adjacent islands; and Marble Hill, a small neighborhood now on the U.S. mainland, physically connected to the Bronx and separated from the rest of Manhattan by the Harlem River. Manhattan Island is divided into three informally bounded components, each aligned with the borough's long axis: Lower, Midtown, and Upper Manhattan.
New York University (NYU) is a private research university originally founded in New York City but now with campuses and locations throughout the world. Founded in 1831, NYU's historical campus is in Greenwich Village, New York City. As a global university, students can graduate from its degree-granting campuses in NYU Abu Dhabi and NYU Shanghai, as well as study at its 12 academic centers in Accra, Berlin, Buenos Aires, Florence, London, Los Angeles, Madrid, Paris, Prague, Sydney, Tel Aviv, and Washington, D.C.
In November 2013, Forbes Media, which publishes Forbes magazine, was put up for sale. million. Forbes reportedly sought a price of US$400 million. In July 2014, the Forbes family bought out Elevation and then sold a 51 per cent majority of the company to Integrated Whale Media Investments.This was encouraged by minority shareholders Elevation Partners. Sale documents prepared by Deutsche Bank revealed that the publisher's 2012 EBITDA was US$15
A company's earnings before interest, taxes, depreciation, and amortization is an accounting measure calculated using a company's net earnings, before interest expenses, taxes, depreciation, and amortization are subtracted, as a proxy for a company's current operating profitability.
Apart from Forbes and its lifestyle supplement, Forbes Life, other titles include Forbes Asia and fifteen local language editions. Steve Forbes and his magazine's writers offer investment advice on the weekly Fox TV show Forbes on Fox and on Forbes on Radio. Other company groups include Forbes Conference Group, Forbes Investment Advisory Group and Forbes Custom Media. From the 2009 Times report: "Steve Forbes recently returned from opening up a Forbes magazine in India, bringing the number of foreign editions to 10." In addition, that year the company began publishing ForbesWoman, a quarterly magazine published by Steve Forbes's daughter, Moira Forbes, with a companion Web site.
The company formerly published American Legacy magazine as a joint venture, although that magazine separated from Forbes on May 14, 2007.
The company also formerly published American Heritage and Invention & Technology magazines. After failing to find a buyer, Forbes suspended publication of these two magazines as of May 17, 2007.Both magazines were purchased by the American Heritage Publishing Company and resumed publication as of the spring of 2008.
Forbes has published the Forbes Travel Guide since 2009.
In 2013, Forbes licensed its brand to Ashford University, and assisted the launch the Forbes School of Business & Technology.Forbes Media CEO Mike Federle justified the licensing in 2018, stating that “Our licensing business is almost a pure-profit business, because it’s an annual annuity." Forbes would launch limited promotions for the school in limited issues. Forbes would never formerly endorse the school.
On January 6, 2014, Forbes magazine announced that, in partnership with app creator Maz, it was launching a social networking app called "Stream". Stream allows Forbes readers to save and share visual content with other readers and discover content from Forbes magazine and Forbes.com within the app.
Forbes.com is part of Forbes Digital, a division of Forbes Media LLC. Forbes's holdings include a portion of RealClearPolitics. Together these sites reach more than 27 million unique visitors each month. Forbes.com employs the slogan "Home Page for the World's Business Leaders" and claimed, in 2006, to be the world's most widely visited business web site. million to $80 million a year in revenue, [it] never yielded the hoped-for public offering".The 2009 Times report said that, while "one of the top five financial sites by traffic [throwing] off an estimated $70
Forbes.com uses a "contributor model" in which a wide network of "contributors" writes and publishes articles directly on the website.Contributors are paid based on traffic to their respective Forbes.com pages; the site has received contributions from over 2,500 individuals, and some contributors have earned over US$100,000, according to the company. Forbes currently allows advertisers to publish blog posts on its website alongside regular editorial content through a program called BrandVoice, which accounts for more than 10 percent of its digital revenue. Forbes.com also publishes subscription investment newsletters, and an online guide to web sites, Best of the Web. In July, 2018 Forbes deleted an article by a contributor who argued that libraries should be closed, and Amazon should open bookstores in their place.
David Churbuck founded Forbes's web site in 1996. The site uncovered Stephen Glass's journalistic fraud in The New Republic in 1998, an article that drew attention to internet journalism. At the peak of media coverage of alleged Toyota sudden unintended acceleration in 2010, it exposed the California "runaway Prius" as a hoax, as well as running five other articles by Michael Fumento challenging the entire media premise of Toyota's cars gone bad. The site, like the magazine, publishes many lists focusing on billionaires and their possessions, especially expensive homes, a critical aspect of the website's popularity.
Currently, the website also blocks internet users using ad blocking software (such as Adblock Plus) from accessing articles, demanding that the website be put on the ad blocking software's whitelist before access is granted.Forbes argues that this is done because customers using ad blocking software do not contribute to the site's revenue. Malware attacks have been noted to occur from Forbes site.
Ziff Davis, LLC is an American publisher and Internet company. It was founded in 1927 in Chicago, Illinois, by William Bernard Ziff Sr. and Bernard George Davis.
Vice is a Canadian-American print magazine focused on arts, culture, and news topics. Founded in 1994 in Montreal, Quebec, Canada, the magazine's founders later launched Vice Media, which consists of divisions including the magazine as well as a website, broadcast news unit, a film production company, a record label, and a publishing imprint. As of February 2018, the magazine's editor-in-chief is Ellis Jones.
NBCNews.com, formerly known as msnbc.com, is a news website owned and operated by NBCUniversal as the online arm of NBC News. Along with original and wire reporting, it features content from NBC shows such as Today, NBC Nightly News and Dateline NBC, the MSNBC cable channel, and partners such as The New York Times.
Bloomberg Businessweek is an American weekly business magazine published since 2009 by Bloomberg L.P. Businessweek, founded in 1929, aimed to provide information and interpretation about events in the business world. The magazine is headquartered in New York City. Megan Murphy served as editor from November 2016; she stepped down from the role in January 2018 and Joel Weber was appointed by the editorial board in her place. The magazine is published 47 times a year.
Us Weekly is a weekly celebrity and entertainment magazine based in New York City. Us Weekly was founded in 1977 by The New York Times Company, who sold it in 1980. It was acquired by Wenner Media in 1986, and sold to American Media Inc. in 2017. Shortly afterward, former editor James Heidenry stepped down, and was replaced by Jennifer Peros. The Chief Content Officer of American Media, Dylan Howard, oversees the publication.
HuffPost is an American news and opinion website and blog, with localized and international editions. The magazine is edited from a liberal political perspective. It was founded in 2005 by Andrew Breitbart, Arianna Huffington, Kenneth Lerer and Jonah Peretti. The site offers news, satire, blogs, and original content and covers politics, business, entertainment, environment, technology, popular media, lifestyle, culture, comedy, healthy living, women's interests, and local news.
Complex is an American New York-based media platform for youth culture which was founded as a bi-monthly magazine by fashion designer Marc (Ecko) Milecofsky. Complex reports on trends in style, pop culture, music, sports and sneakers with a focus on streetwear, sneaker culture, hip hop, and graphic art. Complex reached over 90 million unique users per month in 2013, across its owned and operated and partner sites, socials and YouTube channels. The magazine ceased publication with the December 2016/January 2017 issue.
Gary Vaynerchuk is a Belarusian American entrepreneur, author, speaker and internet personality. First known as a wine critic who expanded his family's wine business, Vaynerchuk is best known for his work in digital marketing and social media as the chairman of New York-based communications company, VaynerX, and as CEO of VaynerX subsidiary, VaynerMedia.
Seeking Alpha is a crowd-sourced content service for financial markets. Articles and research covers a broad range of stocks, asset classes, ETFs and investment strategies. In contrast to other equity research platforms, insight is provided by contributor base of investors and industry experts rather than sell side. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson.
Business Insider is an American financial and business news website published by Insider Inc. It operates international editions in the UK, Australia, China, Germany, France, South Africa, India, Italy, Indonesia, Japan, Malaysia, Netherlands, Northern Europe, Poland, Spain and Singapore. Several International editions are published in local languages: Chinese, Dutch, French, Italian, German, Polish and Japanese. It is owned by the German publishing house, Axel Springer SE.
Patch is an independent U.S. local news and information platform, primarily owned by Hale Global. As of May 2014, Patch operated some 906 local and hyperlocal news websites in 50 U.S. states and Washington, D.C.. Patch Media Corporation is the operator of the service.
Joshua Kushner is an American businessman and investor. He is the founder and managing partner of the investment firm Thrive Capital, co-founder of Oscar Health, and the son of real estate magnate Charles Kushner. His brother is Jared Kushner, the son-in-law and senior advisor of U.S. President Donald Trump.
Vox Media, Inc. is an American digital media company based in Washington, D.C. and New York City. The company was founded in July 2005 as SportsBlogs Inc. by Jerome Armstrong, Tyler Bleszinski, and Markos Moulitsas, and was rebranded as Vox Media in 2011. The company operates additional offices in San Francisco, Chicago, Los Angeles, Austin, and London. In June 2010, the network featured over 300 sites with over 400 paid writers. In September 2018, Comscore ranked Vox Media as the 30th-most popular media company among users from the United States.
Marc Adam Bodnick is an American entrepreneur and venture capitalist, best known as a co-founder of Elevation Partners.
PureWow is an American digital media company that publishes women's lifestyle content. Acquired by serial entrepreneur Gary Vaynerchuk in 2017 as part of The Gallery, PureWow tailors lifestyle topics for Millennials and Generation X, including fashion, beauty, home decor, recipes, entertainment, travel, technology, literature, and money.
Mic is an American internet and media company based in New York City that caters to millennials. Originally known as PolicyMic, it rose to prominence after its on the ground coverage of the Tunisian Revolution. In April 2014, the company reached 19 million unique monthly visitors. On November 29, 2018, Mic laid off the majority of their staff—60 to 70 people—after Facebook canceled a deal to publish a news video series.
CardCash is an American company headquartered in Brick, New Jersey that operates an online gift card marketplace where users can buy and sell discounted gift cards. The company was co-founded in 2009 by its current CEO Elliot Bohm and COO Marc Ackerman. CardCash has been cited in several media like Forbes, Inc. ABC, and Orlando Sentinel.
Uproxx is an entertainment and popular culture news website. It was founded in 2008 by Jarret Myer and Brian Brater, and acquired by Woven Digital in 2014. The site's target audience is males aged 18–34. It was acquired by Warner Music Group in August 2018, but Myer and CEO Benjamin Blank will remain in control of the company's operations.
Schuyler (Sky) M. Moore is a partner in the corporate entertainment department of Greenberg Glusker LLP, practicing entertainment, corporate, and tax law. Mr. Moore has been practicing in the entertainment industry since 1981, and represents clients such as producers, sale agents, foreign distributors and financiers.
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