Forbes Magazine is an independent magazine with a circulation of 900,000 that is released biweekly.http://www.forbesinc.com/company/ The magazine covers such topics as business, marketing, law, taxes, and more.http://www.forbesinc.com/company/ The magazine includes at least 60 original articles such as The Man Behind Oprah by Lacey Rose and Genome Hackers by Kashmir Hill.http://www.forbes.com/forbes/ The Editor-in-Chief of Forbes Magazine is Steve Forbes, the grandson of the original founder.http://www.forbes.com/fdc/bios/steveforbes.html He writes the column Fact and Comment for the magazine.http://www.forbes.com/fdc/bios/steveforbes.html The company is a family-run business and other officers include Timothy C. Forbes (COO), Robert L. Forbes (president of ForbesLife), and Christopher Forbes (vice chairman).http://www.forbes.com/2006/08/07/forbes-invest-update-cx_sr_0807elevation.html
The magazine ranked number four in ad pages when compared to all magazines as reported in 2006.http://www.forbes.com/2006/08/07/forbes-invest-update-cx_sr_0807elevation.html However, Forbes Magazine has come under financial difficulty as ad pages were 33% lower in 2009 when compared to the same issue in 2008.http://247wallst.com/2009/05/03/the-sun-sets-on-businessweek-forbes-and-fortune/
Background
B.C. Forbes founded Forbes Magazine in 1917.http://www.forbesinc.com/company/ For a number of years he worked as the leading business columnist of the Hearst newspaper chain.http://www.forbesinc.com/company/ B.C. Forbes ran the magazine until his death in 1954 and his son Bruce Forbes took over as president.http://www.forbes.com/2006/08/07/forbes-invest-update-cx_sr_0807elevation.html Another son, Malcom Forbes, took over as editor-in-chief and publisher until 1964 when Bruce Forbes died.http://www.forbes.com/2006/08/07/forbes-invest-update-cx_sr_0807elevation.html When Malcom Forbes died in 1990, his son Steve Forbes, took over as president and CEO of the Forbes company and editor-in-chief of the magazine. In these positions of authority, Steve Forbes has launched several other publications including Forbes FYI and Forbes Global.http://www.forbes.com/fdc/bios/steveforbes.html
Key Dates
1917: Founded.http://www.forbesinc.com/company/
1954: Bruce Forbes becomes president.http://www.forbes.com/2006/08/07/forbes-invest-update-cx_sr_0807elevation.html
1964: Malcom Forbes becomes president.http://www.forbes.com/2006/08/07/forbes-invest-update-cx_sr_0807elevation.html
1990: Steve Forbes becomes president and CEO.http://www.forbes.com/fdc/bios/steveforbes.html
1997: Launch of Forbes.comhttp://www.forbes.com/fdc/bios/steveforbes.html
2001: Rate base increased to 900,000.http://www.forbesinc.com/company/
2006: Elevation Partners invests in Forbes.http://www.forbes.com/2006/08/07/forbes-invest-update-cx_sr_0807elevation.html
Competitors
BusinessWeekhttp://247wallst.com/2009/05/03/the-sun-sets-on-businessweek-forbes-and-fortune/
Fortune Magazinehttp://247wallst.com/2009/05/03/the-sun-sets-on-businessweek-forbes-and-fortune/
The Wall Street Journalhttp://www.hoovers.com/company/Forbes_Inc/ccrshi-1.html
The Economist Group Limitedhttp://www.hoovers.com/company/Forbes_Inc/ccrshi-1.html
Products
Biweekly business magazinehttp://www.hoovers.com/company/Forbes_Inc/ccrshi-1.html
Rich Karlgaard Gives Advice To President Obama
In this 2:33 minute video, the publisher of Forbes.com, Rich Karlgaard, gives economic advice to President Obama. Karlgaard talks the goal of a healthy economy being productivity instead of job creation and advises taking the advice of Sam Palmisano, the CEO of Intel. This advice includes updating power grids and investing in medical technology.