13 Facts About Forbes


Forbes is an American business magazine owned by Integrated Whale Media Investments and the Forbes family.

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Forbes has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide.

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Forbes provided the money and the name and Drey provided the publishing expertise.

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Forbes became editor-in-chief, a post he held until his death in 1954.

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Bruce Forbes took over after his father's death, and his strengths lay in streamlining operations and developing marketing.

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In January 2010, Forbes reached an agreement to sell its headquarters building on Fifth Avenue in Manhattan to New York University; terms of the deal were not publicly reported, but Forbes was to continue to occupy the space under a five-year sale-leaseback arrangement.

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Forbes's headquarters moved to the Newport section of downtown Jersey City, New Jersey, in 2014.

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In July 2014, the Forbes family bought out Elevation and then Hong Kong-based investment group Integrated Whale Media Investments purchased a 51 percent majority of the company.

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On January 6, 2014, Forbes magazine announced that, in partnership with app creator Maz, it was launching a social networking app called "Stream".

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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.

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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.

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Forbes argues that this is done because customers using ad blocking software do not contribute to the site's revenue.

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In November 2019, Forbes launched its streaming platform Forbes8, an on-demand video network debuting a slate of original content aimed at entrepreneurs.

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