Articles about "Forbes"


Bloomberg: Forbes Media exploring sale

Bloomberg Forbes Media has drawn interest from potential buyers and is up for sale, Bloomberg reports. The $400 million reportedly sought for Forbes magazine and Forbes.com would exceed the $250 million purchase price of the Washington Post and the $70 million price of the Boston Globe combined. Lewis Dvorkin, Forbes' chief product officer, has called Forbes.com a "social media operating system" that goes beyond a simple news website. Forbes magazine was founded in 1917. Naturally, Business Insider CEO Henry Blodget has already weighed in: https://twitter.com/hblodget/status/401380255027720192
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Why news orgs should make it easier for readers to distinguish staffers from contributors

When Maury Brown read a story on Forbes this week with the declarative headline “2013 Houston Astros: Baseball’s Worst Team Is The Most Profitable In History,” he knew he had to write a reply.

Yesterday Brown, founder and

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Writer who called Irish president an ‘acknowledged homosexual’ resigns from Forbes

Irish Independent
David Monagan writes that he's resigned from Forbes after calling Irish President Michael D. Higgins an "acknowledged homosexual." Higgins is not gay.

"The mistake was a whopper, and the fault was mine," writes Monogan, who blogged about Ireland for the site. He intended that sobriquet for David Norris, Higgins' onetime political rival.

Monagan then turns his fire on Forbes, not for making the mistake but for creating the conditions under which such an error could grow and spread.

"The fact is that Forbes, as a corporate communication enterprise, is now consumed by a mathematical game of just generating 'hits,' he writes. His base pay of $200 month worked out to less than $3 an hour for the 40 hours he spent on writing his agreed-upon four posts, Monagan says. (more...)
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Morning corrections: Irish president not gay, Kentucky exists

Michael D. Higgins is not an "acknowledged homosexual": Forbes published those words about the president of Ireland Wednesday, and they "would have come as something of a shock for Mr Higgins, who has been happily married to his actress wife Sabina since 1974," Andrew McCorkell writes in the Independent.

"Forbes will be issuing an apology to President Higgins in a separate correspondence," an editor's note reads. “I have written millions of words about Ireland and this is the worst mistake I have ever made," David Monagan, who made the original error, tells McCorkell.

Kentucky also lies to the west of Virginia: "A map with an article on Tuesday about the discovery of a 16th-century fort last month near Morganton, N.C., labeled incorrectly a state that borders Virginia to the west," a correction in The New York Times Thursday reads. "It is Kentucky, not West Virginia."
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What the Forbes model of contributed content means for journalism

Two years ago, Forbes.com was a news website like most others.

Today, it is less website, more operating system — an underlying layer of technology that hundreds of contributors use to publish independently.

Lewis DVorkin, who kickstarted the … Read more

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Forbes.com contributor deletes post about Sheryl Sandberg after people call it sexist

On Wednesday, Forbes.com contributor Eric Jackson wrote a controversial post comparing the media attention that Facebook COO Sheryl Sandberg gets to that of former Marimba CEO Kim Polese 15 years ago. By Thursday morning, Jackson had deleted the post and written an apology.

The incident raises important questions about transparency and Forbes.com's publishing process, in which freelance contributors can publish and delete posts without input from editors.

In his story, Jackson wrote that Polese "didn’t deserve" to be on Time’s list of the 25 most influential people back then and that she was clearly “in the right place at the right time.” It helped, he added, that she was “young, pretty, and a good speaker.” He noted the similarities between Polese and Sandberg — “they both like(d) magazine covers and editorial spreads” — and shared this advice for Sandberg: “Maybe you should tone down the public appearances for a while and just keep your head down at Facebook.”

Readers accused Jackson of sexism, saying his post was “dreadful,” “ridiculous” and ignored all that Sandberg has achieved. Rachel Sklar tweeted: “Here's your post, summed up: ‘Don't get too big for your britches, honey.’ Here's mine: Watch us.” (more...)
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DVorkin: Forbes.com is more than a news site, it’s a ‘social media operating system’

Forbes
Don't call Forbes.com just another news website, writes Chief Product Officer Lewis DVorkin. It is "a full-fledged platform" for 1,000 expert contributors and Forbes staff alike, and "a social media operating system" to engage 30 million monthly unique visitors. Among the soon-coming social features to power that "operating system":
  • Device-optimized home pages "for desktop, mobile and tablet users that integrate key social elements."
  • The Follow Bar, "a new navigational feature... It will make it easier for our growing audience to follow and find all our staffers and subject experts."
  • Anointing superusers: “Our goal is to measure desired user behaviors — the number of times you visit, the number of staffers and contributors you follow, and much more. Those who score high will have different kinds of rights and privileges.”
Earlier: Forbes contributor makes "OK money working part-time" (Poynter)
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Forbes.com contributor says publishing platform ‘allows me to make OK money working part time’

Forbes.com
Lewis Dvorkin writes that Forbes.com's contributor system, in which people with expertise in particular fields blog for Forbes.com (and some get paid), is a "disruptive model," with 850 contributors who have helped increase traffic by 50 percent to 25 million unique monthly visitors. Ken Rapoza says in a testimonial: "It keeps me in journalism working for a major, well-read brand. I average over 240,000 visitors a month. I probably have more people reading me here than I did at Dow Jones and the Journal. ... It allows me to make okay money working part time." Forbes.com pays certain contributors a fee every month, with bonuses for making visitor targets, and requires that contributors write a certain number of posts each month and interact with the audience in comments.
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Murdoch, Abramson make Forbes’ list of ‘most powerful people’

Forbes
News Corp. CEO Rupert Murdoch is No. 24 on Forbes' new list of the 70 most powerful people in the world. New York Times Executive Editor Jill Abramson is No. 64.  The blurb for Abramson reads, "Bloggers come, bloggers go, but the Gray Lady, run for the first time by a lady, still sets the terms of the global debate." The overall prestige of news leaders seems to be falling, though. Last year's list had Murdoch at No. 13 and then-NYT editor Bill Keller at No. 50. Murdoch and Abramson are the only news media figures on the list, otherwise dominated by many world political leaders and corporate CEOs. || Earlier: In August, Forbes placed Abramson at No. 12 on its list of most powerful women, just behind Lady Gaga.
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Randall Lane returns to Forbes as editor

Romenesko Misc.
Randall Lane, 43, worked at Forbes in a variety of positions from 1991 to 1997. As editor, he'll be responsible for editorial content development and "will also be charged with developing fresh ideas and recruiting new voices and writing talent," says a release. He'll report to chief product officer Lewis D’Vorkin. Bill Baldwin stepped down as editor in July 2010. (more...)
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