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Forbes is an American business magazine run by the Forbes family since its founding in 1917.
Forbes has been known as a financially conservative, pro-business publication geared toward higher-end business professionals. The magazine is part of Forbes Media, a company that includes Forbes.com, the freelance publishing site True/Slant, the investing reference site Investopedia, and a majority stake in the aggregation sites RealClearPolitics, RealClearMarkets, and RealClearSports. Forbes Media was reported in 2013 to be for sale.
Over the past several years, Forbes’ circulation has been steady at about 900,000, though its ad pages have dropped significantly. The magazine laid off about 100 employees in 2008 and 2009. In late 2008, Forbes merged its print and online operations.
In 2010, Forbes.com hired True/Slant’s Lewis Dvorkin as chief product officer and shortly thereafter after acquired (and shuttered) True/Slant. Dvorkin would go on to integrate much of True/Slant’s technology and ethos into Forbes’ online presence, including some veteran True/Slant writers. One of the hallmarks of this strategy was strong “brands” associated with each individual author, more than 1,000 of whom had written for the site by early 2012. The site’s audience doubled from 2011 to 2012, reaching 30 million monthly unique visitors, though its revenue increased more slowly because of its heavy dependence on online ads. Its model has been held up as a prototype for online news media and also criticized as a home of user-generated puff pieces, rather than serious journalism.
In 2013, Forbes launched SafeSource, a system based on Tor designed to allow people to leak information securely.
In April 2010, it attempted to hire unpaid media bloggers.
Reuters is an international financial information provider and news wire service. Reuters is the media division of the Canadian information company Thomson Reuters. Reuters was founded in 1851 and owned by the Reuters Company until its 2008 sale to Thomson. Reuters is headquartered in London, though Thomson Reuters has headquarters in New York City. Reuters…