Forbes Elevates New Media Plans

  • August 7, 2006
Citing the impact technology is having on print media businesses, private equity firm Elevation Partners has acquired a minority stake in Forbes Media LLC, publisher of Forbes magazine, Forbes.com and various other media properties. Forbes President-CEO Steve Forbes said the deal would allow the company to accelerate "a number of very exciting opportunities for growth." Terms of the deal were not disclosed. -- Joe Mandese
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