Forbes Media LLC is drawing interest from acquirers including China’s Fosun International Ltd. and Singapore’s Spice Global Investments Pvt, with final offers for the magazine publisher due today, people with knowledge of the matter said.
Billionaire sports team owner and financier John Henry, who helped the Boston Red Sox capture the World Series in 2004 and 2007 after an 86-year drought, will attempt another comeback with Boston’s hometown newspaper.
Rupert Murdoch’s choice of Wall Street Journal editor Robert Thomson to lead his publishing spinoff would put the company in the hands of a close lieutenant while underscoring the Journal’s role in setting strategy.
News Corp., moving ahead with a plan to split into two companies, appointed Wall Street Journal editor Robert Thomson as head of the new publishing entity and said it would call the entertainment-focused business Fox Group.
Ted Weschler’s first job after college was at chemical maker W.R. Grace & Co. In 2007, six years after the company filed for bankruptcy, his hedge fund held 15 percent of the shares. That’s when he called Joe Rice.
News Corp.’s Rupert Murdoch has spent years clashing with unions, rivals and governments. Now the scandal at one of his London newspapers is threatening to become the biggest crisis of the 80-year-old’s career.