Reginal Thomas
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Forbes Magazine Is Up For Sale


The Forbes Media LLC empire is up for sale! The publishing company which is still owned by the family that found it 96 years ago is exploring a sale after potential buyers have shown interest in buying the company. The publisher of Forbes magazine and Forbes.com is working with Deutsche Bank AG on the sale, according to a company wide memo send from Chief Executive Officer Mike Perlis. They are expecting at least $400 million in the sale, which is a bit ambitious if you ask me, and some analyst think the company will fetch more closer to $200 million. More and more publishers are selling their brands as advertising revenue circulation continue to sink from competition from the internet.