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.
Dean Baquet is a veteran of the turf battles between editorial and business departments. As the new executive editor of the New York Times Co., he’ll have to navigate that terrain at a moment when the lines between newsgathering and moneymaking are blurring as never before.
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.
Forbes Media LLC’s effort to find a buyer is running into trouble, with one potential bidder officially out of the running and two others no longer in active talks, people with knowledge of the matter said.