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| Forbes Company Background |
| Forbes is a privately held publishing and new media company. Its flagship publication is Forbes, oldest of the nation's major business magazines, which celebrated its 90th Anniversary in 2007. In an industry increasingly dominated by public conglomerates, Forbes remains one of the largest and most successful family businesses of its kind. |
| In recent years the company has expanded to include Forbes.com, Forbes Conference Group, several new publications and eight international local-language editions. In August 2006, the private equity firm Elevation Partners became a minority shareholder in a newly formed company, Forbes Media LLC. Forbes Media acquired Investopedia.com, the Internet’s leading online portal for investor education, in April 2007. In November 2007, the company acquired and invested in two additional Websites: RealClearPolitics.com and Clipmarks.com. |
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| Publications |
| Forbes magazine was founded in 1917 by Scottish immigrant B. C. Forbes, who was the leading business columnist for the Hearst newspaper chain at that time. Published biweekly, every issue of Forbes contains more than 60 concise, original articles evaluating companies and the people who run them. Articles in Forbes cover a wide array of topics from the worlds of industry, finance, international business, marketing, law, taxes, science, technology, communications, investments and entrepreneurship. In 2001 the magazine's rate base was increased to 900,000. Steve Forbes is the magazine's Editor-in-Chief and contributes a column in each issue called "Fact and Comment." William Baldwin is Forbes' Editor, and Rich Karlgaard is Publisher. |
| James S. Berrien serves as President and Publisher, Forbes Magazine Group. He has operating responsibility for advertising sales, marketing and promotion for Forbes magazine and its supplements, as well as ForbesLife and ForbesLife Executive Woman magazines. He also oversees Forbes Conference Group, Forbes Custom Media and New Business Development. |
| ForbesLife is an irreverent lifestyle magazine chronicling "The Good Life™" that was launched in 1990 (as Forbes FYI). Currently published bimonthly and mailed with Forbes to subscribers, ForbesLife shows its readers how to get the most pleasure from every season with its Spring Fashion, Spring Travel, Summer Fun, Fall Fashion, Fall Travel and Winter Holiday issues. Robert Forbes is President of ForbesLife. |
| ForbesLife Executive Woman is the lifestyle publication that was launched in October 2007 with an initial circulation of 125,000 female Forbes subscribers, aimed at Forbes’ community of executive women readers. Created to provide executive women with luxury lifestyle content that they value and respect, it was inspired by the distinctive needs of professional women who enjoy tremendous career success and the lifestyle that their success affords them. The magazine is a savvy personal shopper and well-connected concierge rolled into one, designed to recognize and appreciate the successes, challenges and rich rewards unique to women at the top of their game. Moira Forbes is Publisher, and Catherine Sabino is Editor. |
| Forbes Asia was launched in September 2005, to expand and enhance the coverage of this very robust region. Forbes Asia is published in English on a biweekly schedule and has a circulation of 80,000. The publication is available across the Asia/Pacific region. William Adamopoulos serves as President and Publisher; Tim Ferguson is Editor. |
| Forbes, Forbes Asia, and the company's eight local-language editions together reach a worldwide audience of more than five million readers. |
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| Web Sites |
| Forbes.com, home page for the world’s business leaders and the No. 1 business news source in the world, is among the most trusted resources for senior business executives, providing them the real-time reporting, uncompromising commentary, concise analysis, relevant tools and community they need to succeed at work, profit from investing and have fun with the rewards of winning. Throughout the business day Forbes.com publishes more than 3,500 articles and original video, delivering the best of Forbes journalism and that of its selected partners with all the immediacy, depth and interactivity that the Web allows. Forbes.com is part of Forbes’ Interactive Properties, a division of Forbes Media LLC. Forbes.com and affiliated properties - ForbesAutos.com, ForbesTraveler.com, Investopedia.com, RealClearPolitics.com and Clipmarks.com - together reach more than 27 million business decision makers each month.
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| ForbesTraveler.com is designed exclusively for the affluent, discerning traveler. Launched in September 2006 by Forbes.com, ForbesTraveler is dedicated to inspiring, planning and booking the world’s most distinctive travel experiences. The site offers compelling luxury travel content, the active participation of leading travel experts, as well as tools including a travel booking engine, flight tracker, mileage manager and reviews on luxury properties. ForbesTraveler.com is part of Forbes’ Interactive Properties, a division of Forbes Media LLC. ForbesTraveler.com and affiliated properties - Forbes.com, ForbesAutos.com, Investopedia.com, RealClearPolitics.com and Clipmarks.com - together reach more than 27 million business decision makers each month.
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| ForbesAutos.com, launched in May 2005 by Forbes.com, is the first Web site designed specifically for luxury car buyers and enthusiasts. The site’s functionality, information and tools help guide consumers through the automotive purchase process. The rich editorial content is written specifically for affluent consumers, with an emphasis on objectivity, comprehensive analysis and intelligent insight. Content includes reviews, news, features and advice on choosing, locating, pricing, financing, buying and insuring a luxury vehicle. ForbesTraveler.com is part of Forbes’ Interactive Properties, a division of Forbes Media LLC. ForbesAutos.com and affiliated properties - Forbes.com, ForbesTraveler.com, Investopedia.com, RealClearPolitics.com and Clipmarks.com – together reach more than 27 million business decision makers each month.
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| Investopedia.com is the Internet’s leading online portal for investor education. The company was co-founded in 1999 by Cory Janssen and Cory Wagner, and it is based in Edmonton, Alberta, Canada. The Investopedia.com Website has more than 2,500,000 monthly users, and it employs a large network of financial experts and internal editing staff to produce a wide range of proprietary content. Other features include: an extensive financial dictionary with terms used in personal finance, banking, and accounting; in-depth articles by financial experts; a stock simulator; and tools for financial calculations and technical analysis. Investopedia is part of Forbes Media. (Affiliated sites include Forbes.com, ForbesAutos.com, ForbesTraveler.com, RealClearPolitics.com and Clipmarks.com.)
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| Founded in 2000 by John McIntyre and Tom Bevan, Chicago-based RealClearPolitics.com has become one of America's premier independent political web sites. RCP selects and publishes the best commentary, news, polling data, and links to important resources from all points of the political compass and covering all the important issues of the day. By tapping into thousands of weblogs and hundreds of newspapers and magazines across the political spectrum every day, RCP has become a trusted site for anyone interested in politics. (Affiliated sites include Forbes.com, ForbesAutos.com, ForbesTraveler.com, Investopedia.com and Clipmarks.com.)
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| Clipmarks, headquartered in New York City, is changing the way people capture and share information on the Web. By creating tools that overcome the traditional limitations of copy/paste and bookmarking entire pages, Clipmarks is determined to make discovering and sharing Web content more fun and efficient. Clipmarks is a recommended Firefox add-on and was recently named a Top 10 Future Classic Web Site by PC Magazine. (Affiliated sites include Forbes.com, ForbesAutos.com, ForbesTraveler.com, Investopedia.com and RealClearPolitics.com.)
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| Local-Language Licensees |
| Forbes Nihonban, published in Japanese by Gyosei, was started in 1992 in Japan. It offers thirty to forty percent direct translation of Forbes' U.S. editorial to complement its local stories and analysis. Its circulation is approximately 80,000, and its Editor is Mr. Wataru Matsui. |
| Forbes Korea was launched at the end of 2002 in affiliation with JoongAng Ilbo, a leading newspaper in Korea. The premiere issue was published in 2003 and its circulation is 52,000. The content is approximately forty percent editorial from Forbes magazines, along with sixty percent Korean business news, commentary and lifestyle features. Its Editor is Mr. Woo-jin Baek. |
| Forbes Russia was launched in April 2004 by agreement with publisher Axel Springer Russia. With a circulation of 100,000, it is distributed in Moscow, St. Petersburg and other major regional cities. It is produced in Russia by an independent editorial team, containing content based on Forbes' U.S. edition and local Russian business news and commentary. Its Editor is Mr. Maxim Kashulinsky. |
| The first issue of Forbes China was produced in March 2003, in partnership with M Media Group of Hong Kong. Published monthly, this edition contains seventy percent editorial content from Forbes magazines, combined with thirty percent local Chinese business stories and commentary. Its circulation is 125,000, and Lydia Chen is the Executive Editor. |
| Forbes Arabia was launched in May 2004 in Dubai, United Arab Emirates (UAE), through an agreement with Middle East publisher DIT Publishing. With a circulation of 18,500, the Arabic edition covers: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia and UAE. DIT has assembled a team of experts that contribute an extensive number of original editorial features written exclusively for the magazine's Arabic readership. Mr. Refaat Jaafar is Managing Editor. |
| In May 2004 the Hebrew-language edition Forbes Israel was launched with SBC Group. Distributed in Israel with a circulation of 25,000, the magazine's editorial content includes articles by local financial writers and analysts about the area business community. Also in the publication are Forbes' annual lists, along with regional surveys, including Israel's Best Big Companies and the ranking of the richest Israelis. Its Editor is Mr. Boaz Bin-Nun. |
| In December 2004 Forbes Poland was launched in an agreement with Axel Springer Polska, a unit of German publishing company Axel Springer Verlag AG. Forbes Poland has a circulation of 42,000. It is modeled on Forbes' U.S. edition, but focuses on Polish economic issues and features sections such as Strategies, Lifestyle and Columnists. Mr. Kazimierz Krupa is its Editor. |
| Forbes Turkey was launched in October 2005, in cooperation with Merkez Newspaper Magazine Printing and Publishing Industry in Turkey. It has a circulation of 14,000 and is distributed in the country's major regional cities. Forbes Turkey is produced by an independent editorial team. Its Editor is Ms. Burcak Guven. |
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| Groups |
| Forbes Conference Group was created in 1995 and has established itself as a premier producer of peer-driven forums for senior executives. It brings these executives together with prominent thought leaders and policy-makers to share insights on business, management and geopolitical issues that may impact the future of their companies and their effectiveness as leaders. Signature events include: Forbes CEO Forum; Forbes CFO Forum; Forbes Global CEO Conference; Forbes CEO Forum, Europe; Forbes CIO Forum; Forbes Executive Women's Forum; and The Gilder/Forbes Telecosm Conference. Kendall Crolius is VP/General Manager of the group. |
| Forbes Newsletter Group (FNG) publishes and edits the following newsletters: Forbes Special Situation Survey; Forbes Growth Investor; Gilder Technology Report; Forbes Wireless Stock Watch; Forbes/Lehmann Income Securities Investor; The Forbes Collector; Forbes/Slatin Real Estate Report, Forbes International Investment Report and The Prudent Speculator. FNG is also responsible for all of the editorial content found on the Investment Newsletter Channel of Forbes.com, www.forbes.com/newsletters, produces five weekly e-letters and maintains marketing, content and distribution relationships with more than 35 outside newsletters. Matthew Schifrin is Vice President/Editor. Linda Bentley is Director of Marketing. |
| Forbes Investors Advisory Institute (FIAI) is responsible for publishing the Forbes Special Situation Survey, the Forbes Growth Investor and the Forbes Stock Market Course. Forbes Special Situation Survey was first published in 1954. It comes out once a month and consists of a detailed research report on one publicly traded company. Forbes Growth Investor was founded in 2000 and is also published monthly. It maintains a recommended list of 50 stocks from eight major sectors. The Forbes Stock Market Course, first published in 1948, advises investors on how to build capital with stocks, bonds, mutual funds and other investment vehicles. Wallace Forbes is President of FIAI, and Vahan Janjigian is its Vice President/Executive Director. |
| Forbes Television: In May 2001 Forbes launched the co-branded "Forbes on Fox" with Fox News Channel, to expand the company's media platforms. A rotation of Forbes editors and writers give their unique, contrarian perspectives on breaking business news and markets. The show is cablecast every Saturday morning. |
| The Forbes Collection is open to the public at various locations, including: The Forbes Galleries in New York City; The Forbes Galleries in Burlingame, California; and the Musée des Ballons, adjacent to Forbes' Château de Balleroy in Normandy, France. Other portions of the collection, not open to the public, are housed at Forbes operations around the world, including Old Battersea House in London, England, and on board the Forbes yacht, The Highlander. The NYC Galleries opened to the public in February 1985 with 8,000 square feet of exhibition space, and showcase a collection of several thousand American Presidential manuscripts and related historical documents, toy boats, Monopoly® games, toy soldiers, trophies, and paintings. Margaret Kelly Trombly serves as Vice President, The Forbes Collections. |
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| Management |
| After the death of Founder B. C. Forbes in 1954, his son Bruce Forbes became President of Forbes. Son Malcolm S. Forbes became Editor-in-Chief and Publisher, becoming President upon Bruce's death in 1964. After Malcolm Forbes' death in 1990, his eldest son, Steve, was given the titles of President and Chief Executive Officer of Forbes, and Editor-in-Chief of Forbes magazine. He is now Chairman and CEO. Other officers of Forbes include his brothers, Timothy C. Forbes, now President and Chief Operating Officer; Robert L. Forbes, Vice President; and Christopher Forbes, Vice Chairman. In addition, James Berrien is President and Publisher, Forbes Magazine Group; and James Spanfeller is President and Chief Executive Officer of Forbes.com, also overseeing ForbesAutos.com, ForbesTraveler.com, Investopedia.com, RealClearPolitics.com and Clipmarks.com. |
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| Steve Forbes |
| Steve Forbes is Chairman and Chief Executive Officer of Forbes, and Editor-in-Chief of Forbes magazine. Since he became CEO in 1990, the company has undergone unprecedented growth. Forbes became the country's leading business magazine in advertising pages, and its parent company launched a variety of new ventures, including Forbes Asia and Forbes.com. In both 1996 and 2000, Mr. Forbes took a leave of absence to campaign for the Republican nomination for the Presidency. Now back at Forbes, he continues to write editorials for his "Fact and Comment" section, which appears in each issue of Forbes. |
| Robert L. Forbes |
| Robert Forbes is Vice President of Forbes and President of ForbesLife (formerly Forbes FYI), which he launched in 1990. This is Forbes magazine's dedicated lifestyle supplement, devoted to the pursuit of civilized pleasure and fulfillment. USA Today called it, "the magazine that GQ and Esquire want to be." Mr. Forbes has authored numerous articles on food and travel, in addition to producing documentary films for Forbes. In September 2007, his book, Beastly Feasts! A Mischievous Menagerie in Rhyme (Overlook Press), was published. An original new book of poems and rhymes for children and readers of all ages, it has illustrations by master cartoonist Ronald Searle. |
| Christopher Forbes |
| Christopher "Kip" Forbes is Vice Chairman of Forbes. He has also had a lifelong interest in art and collecting. Initially collaborating with his father, the late Malcolm Forbes, he directed the restorations of the Château de Balleroy in Normandy, France, and Old Battersea House in London, England, whose art collections and antiques were the inspiration for The Forbes Collection™ of home furnishings. While studying art history at Princeton University, he worked as a Curator of The Forbes Magazine Collection. Mr. Forbes has written numerous books and catalogues about art and collecting, including, "Fabergé: The Forbes Collection," co-authored with Robyn Tromeur, published by Hugh Lauter Levin. |
| Timothy C. Forbes |
| Timothy Forbes is President and Chief Operating Officer of Forbes. Mr. Forbes joined the company in 1986 after negotiating the acquisition of the American Heritage division. He is involved in the strategic planning and business development of the company, and he serves as Chairman of Forbes.com. Prior to joining Forbes, Tim Forbes was an independent producer and screenwriter; his documentaries on historical subjects and current affairs have been broadcast nationally on PBS. |
| James S. Berrien |
| Jim Berrien is President and Publisher, Forbes Magazine Group, with operating responsibility for advertising sales, marketing and promotion for Forbes magazine and its supplements, as well as ForbesLife and ForbesLife Executive Woman magazines. He also oversees Forbes Conference Group, Forbes Custom Media and New Business Development. Mr. Berrien joined Forbes in August 1999 as President of Forbes magazine, was named President of Forbes Magazine Group in December 2000, and was appointed Forbes Magazine Group Publisher in January 2003. |
| James J. Spanfeller |
| Jim Spanfeller is President and Chief Executive Officer of Forbes.com, home page for the world’s business leaders. Spanfeller also oversees the Company’s affiliated sites, ForbesAutos.com, ForbesTraveler.com, Investopedia.com, RealClearPolitics.com and Clipmarks.com. Spanfeller joined Forbes.com in 2000. In 2006, BtoB Media Business named Spanfeller “Top Innovator in Business Publishing,” and he was also inducted into min’s first-ever Digital Hall of Fame. |
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