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Forbes magazine was founded by B. C. Forbes and Walter Drey in 1917, originally named 'Forbes: Devoted to Doers and Doings'.
Answer: True
The publication was indeed established in 1917 by B. C. Forbes and Walter Drey, initially under the title 'Forbes: Devoted to Doers and Doings'.
B. C. Forbes served as the editor-in-chief of the magazine until his death in 1954.
Answer: True
B. C. Forbes held the position of editor-in-chief until his passing in 1954.
Steve Forbes currently holds the position of CEO of Forbes Media.
Answer: False
Steve Forbes serves as the Chairman and Editor-in-chief of Forbes Media, not the CEO.
Bruce Forbes, the younger son of B. C. Forbes, took over leadership after his father's death.
Answer: False
Bruce Forbes was the elder son of B. C. Forbes. He succeeded his father upon his death.
Under Bruce Forbes' leadership from 1954 to 1964, the magazine's circulation nearly doubled.
Answer: True
During Bruce Forbes' tenure as leader from 1954 to 1964, the magazine experienced a significant growth in circulation, nearly doubling.
Malcolm Forbes, Bruce Forbes' younger brother, succeeded him as president, CEO, and editor-in-chief.
Answer: True
Malcolm Forbes, the brother of Bruce Forbes, assumed the leadership roles of president, CEO, and editor-in-chief following Bruce's tenure.
James Michaels edited Forbes magazine continuously from 1961 until 1999.
Answer: True
James Michaels served as the editor of Forbes magazine for an extended period, from 1961 through 1999.
Malcolm S. Forbes published the book 'Fact & Comment' in 1973, compiling his columns.
Answer: True
Malcolm S. Forbes authored the book 'Fact & Comment', published in 1973, which collected his columns from the magazine.
Who took over leadership of Forbes after B. C. Forbes passed away in 1954?
Answer: Bruce Forbes
Bruce Forbes, the elder son of B. C. Forbes, assumed leadership of the company following his father's death in 1954.
What was a key contribution of Bruce Forbes during his leadership?
Answer: Streamlining operations and developing marketing strategies
Bruce Forbes' leadership was marked by efforts to streamline operations and enhance marketing strategies for the magazine.
Who succeeded Bruce Forbes as president, CEO, and editor-in-chief?
Answer: Malcolm Forbes
Malcolm Forbes, brother to Bruce Forbes, assumed the roles of president, CEO, and editor-in-chief after Bruce's tenure.
What book did Malcolm S. Forbes publish in 1973?
Answer: Fact & Comment
In 1973, Malcolm S. Forbes published the book titled 'Fact & Comment', which compiled his columns.
Forbes Media's current headquarters are located in Manhattan, New York City.
Answer: False
Forbes Media's current headquarters are situated in Jersey City, New Jersey, not Manhattan.
Elevation Partners, including the musician Bono, acquired a majority stake in Forbes in 2006.
Answer: False
Elevation Partners acquired a minority interest in Forbes in 2006, not a majority stake.
Forbes Media LLC was formed in 2006 to encompass Forbes Magazine and Forbes.com.
Answer: True
Forbes Media LLC was established in 2006, consolidating Forbes Magazine, Forbes.com, and other media properties under one entity.
In 2009, The New York Times reported the Forbes enterprise was valued at $750 million.
Answer: True
According to a report in The New York Times in 2009, the Forbes enterprise was valued at approximately $750 million.
Elevation Partners paid US$264 million for a 40 percent stake in Forbes Media.
Answer: True
Elevation Partners invested US$264 million to acquire a 40 percent stake in Forbes Media.
In 2021, Forbes Media reported a decrease in revenue and a return to loss.
Answer: False
In 2021, Forbes Media reported a return to profit, with revenue increasing by 34 percent.
The Forbes consumer business saw an 83 percent year-over-year increase in revenue in 2021.
Answer: True
The Forbes consumer business experienced a significant 83 percent year-over-year revenue increase in 2021.
Forbes agreed to sell its Manhattan headquarters building to New York University in January 2010.
Answer: True
In January 2010, Forbes entered into an agreement to sell its Manhattan headquarters building to New York University, with a subsequent leaseback arrangement.
Forbes Media was put up for sale in November 2013, seeking a price of approximately $400 million.
Answer: True
Forbes Media was indeed placed on the market in November 2013, with an asking price reported to be around $400 million.
Integrated Whale Media Investments, based in China, purchased a majority stake in Forbes Media in July 2014.
Answer: False
The source specifies that Integrated Whale Media Investments is based in Hong Kong, not mainland China. They acquired a majority stake in July 2014.
Forbes announced plans to go public via a merger with a SPAC called Forbes Growth Partners in August 2021.
Answer: False
The special-purpose acquisition company (SPAC) involved in the August 2021 announcement was Magnum Opus Acquisition, not Forbes Growth Partners.
Binance, a cryptocurrency exchange, planned to invest $200 million in Forbes as part of a SPAC flotation in February 2022.
Answer: True
In February 2022, it was reported that Binance intended to invest $200 million in Forbes as part of its SPAC transaction.
Forbes terminated its SPAC merger plans in June 2022 due to favorable market conditions.
Answer: False
The SPAC merger plans were terminated in June 2022 due to unfavorable market conditions, not favorable ones.
The deal for Austin Russell to acquire a stake in Forbes collapsed because he secured sufficient funds.
Answer: False
The proposed acquisition by Austin Russell failed because he was unable to secure the necessary funding, not because he had secured it.
Where was Forbes' former headquarters located?
Answer: Fifth Avenue in Manhattan
Forbes' previous headquarters were situated on Fifth Avenue in Manhattan.
When did Forbes move its headquarters to Jersey City?
Answer: 2014
The relocation of Forbes' headquarters to Jersey City, New Jersey, occurred in 2014.
Which investment group, including Bono, acquired a minority interest in Forbes in 2006?
Answer: Elevation Partners
Elevation Partners, an investment firm that includes Bono among its members, acquired a minority interest in Forbes in 2006.
What was Forbes Media's reported EBITDA in 2012?
Answer: $15 million
According to sale documents, Forbes Media reported an EBITDA of US$15 million in 2012.
How much did Elevation Partners pay for their 40 percent stake in Forbes Media?
Answer: $264 million
Elevation Partners invested US$264 million for their 40 percent ownership stake in Forbes Media.
What was Forbes Media's financial performance in 2021?
Answer: Revenue increased by 34 percent, returning to profit.
In 2021, Forbes Media achieved a return to profitability, marked by a 34 percent increase in revenue, reaching $165 million.
Which segment of Forbes' business experienced significant revenue growth in 2021?
Answer: The Forbes consumer business
The Forbes consumer business demonstrated substantial growth, with an 83 percent year-over-year revenue increase in 2021.
What agreement was made in January 2010 regarding Forbes' Manhattan headquarters?
Answer: It was leased back to Forbes by New York University.
In January 2010, Forbes agreed to sell its Manhattan headquarters building to New York University, retaining occupancy through a five-year sale-leaseback agreement.
When was Forbes Media put up for sale?
Answer: November 2013
Forbes Media was placed on the market for sale in November 2013.
Which investment group purchased a majority stake (51%) in Forbes Media in July 2014?
Answer: Integrated Whale Media Investments
Integrated Whale Media Investments, a Hong Kong-based entity, acquired a 51 percent majority stake in Forbes Media in July 2014.
What was the initial plan announced in August 2021 for Forbes to go public?
Answer: A merger with a special-purpose acquisition company (SPAC) called Magnum Opus Acquisition.
In August 2021, Forbes announced its intention to become a publicly traded entity through a merger with the special-purpose acquisition company (SPAC) named Magnum Opus Acquisition.
Why did Forbes terminate its SPAC merger plans in June 2022?
Answer: Due to unfavorable market conditions.
The termination of Forbes' SPAC merger plans in June 2022 was attributed to prevailing unfavorable market conditions.
What was the outcome of Austin Russell's proposed acquisition of Forbes in November 2023?
Answer: The deal collapsed because Russell couldn't secure the necessary funds.
The proposed acquisition of Forbes by Austin Russell in November 2023 ultimately failed due to his inability to secure the required funding.
Forbes magazine is published on a monthly basis.
Answer: False
Forbes magazine is published twice quarterly, not monthly.
Forbes is known for its lists and rankings, including the Forbes 400 and 30 Under 30.
Answer: True
The magazine is widely recognized for its prominent lists and rankings, such as the Forbes 400 and the 30 Under 30 series.
The motto of Forbes magazine is 'Business as Usual'.
Answer: False
The official motto of Forbes magazine is 'Change the World'.
In 1993, Forbes magazine was a finalist for the Pulitzer Prize for Feature Writing.
Answer: False
In 1993, Forbes magazine was a finalist for the National Magazine Award, not the Pulitzer Prize.
In 2017, Isaac Stone Fish raised concerns about editorial meddling on stories involving China in Forbes magazine.
Answer: True
Isaac Stone Fish reported in 2017 instances of editorial interference concerning articles related to China, prompting concerns about the magazine's editorial independence.
Forbes publishes 42 international editions covering 69 countries and regions worldwide.
Answer: True
The magazine maintains a global presence with 42 international editions that collectively cover 69 countries and regions.
Forbes editions have ceased publication in countries including China, India, and Brazil.
Answer: False
While Forbes editions have ceased in some regions, Brazil is not listed among the countries where publication has been discontinued according to the provided information.
Forbes launched its streaming platform, Forbes8, in November 2019, focusing on highlighting entrepreneurs.
Answer: True
Forbes8, a streaming platform, was launched in November 2019 with the objective of showcasing entrepreneurs and sharing business insights.
How often is Forbes magazine published?
Answer: Twice quarterly
Forbes magazine is published on a twice-quarterly schedule.
Which of the following is NOT among the main subject areas covered by Forbes magazine?
Answer: Culinary Arts
Forbes magazine primarily focuses on finance, industry, investing, marketing, technology, communications, science, politics, and law. Culinary arts is not a main subject area.
Which of these is a well-known list published by Forbes?
Answer: The Forbes 400
The Forbes 400, which ranks the wealthiest Americans, is one of Forbes magazine's most recognized lists.
What is the motto of Forbes magazine?
Answer: Change the World
The established motto of Forbes magazine is 'Change the World'.
What concerns were raised in 2017 regarding Forbes' editorial independence related to China?
Answer: Isaac Stone Fish reported instances of editorial meddling on China-related stories.
In 2017, journalist Isaac Stone Fish documented instances of editorial interference concerning stories about China, raising questions about Forbes' editorial integrity.
How many international editions of Forbes magazine are published worldwide?
Answer: 42
Forbes publishes a total of 42 international editions globally.
Which of the following is NOT listed as a country where Forbes editions have ceased publication?
Answer: Brazil
According to the provided information, Brazil is not listed among the countries where Forbes editions have ceased publication.
Forbes' website, Forbes.com, was founded in 1996 by David Churbuck.
Answer: True
Forbes.com was established in 1996 by David Churbuck.
In 1998, Forbes.com exposed Stephen Glass's journalistic fraud within The Washington Post.
Answer: False
Forbes.com uncovered Stephen Glass's fraud within 'The New Republic', not 'The Washington Post'.
Forbes.com exposed the California 'runaway Prius' incident as a hoax during the 2010 Toyota acceleration media coverage.
Answer: True
During the period of intense media scrutiny regarding Toyota's acceleration issues in 2010, Forbes.com revealed the California 'runaway Prius' incident to be a fabrication.
Forbes.com uses a business model where a large number of freelancers publish articles directly on the website.
Answer: True
Forbes.com operates with a contributor network model, enabling numerous freelancers to publish content directly on the platform.
Contributors to Forbes.com are paid a fixed monthly salary regardless of article traffic.
Answer: False
Contributors to Forbes.com are compensated based on the volume of traffic their published articles generate, not a fixed salary.
The BrandVoice program allows advertisers to publish content on Forbes.com and accounts for over 10 percent of Forbes' digital revenue.
Answer: True
The BrandVoice program facilitates the publication of advertiser-generated content on Forbes.com and contributes more than 10 percent to the company's digital revenue.
In July 2018, Forbes deleted a contributor's article that advocated for closing libraries.
Answer: True
Forbes removed an article in July 2018 written by a contributor that proposed the closure of libraries.
As of 2019, Forbes published around 100 articles daily, written by its internal editorial staff.
Answer: False
By 2019, Forbes published approximately 100 articles daily, but these were authored by a large network of outside contributors, not solely its internal staff.
Harvard University's Nieman Lab characterized Forbes.com in 2022 as a platform for scams and bad journalism.
Answer: True
In 2022, Harvard University's Nieman Lab described Forbes.com as a platform characterized by 'scams, grift, and bad journalism'.
Forbes.com began blocking users with ad blockers in 2017, requiring them to whitelist the site.
Answer: True
In 2017, Forbes.com implemented a policy to block users employing ad blockers, requesting they whitelist the site.
Forbes Media holds a significant stake in RealClearPolitics.
Answer: True
Forbes Media maintains a notable investment in RealClearPolitics.
What is the business model Forbes.com uses for content creation?
Answer: A contributor network with freelancers publishing directly.
Forbes.com employs a contributor network model, allowing a large number of freelance writers to publish their articles directly on the website.
How are contributors to Forbes.com compensated?
Answer: Based on the traffic their articles generate.
Contributors to Forbes.com receive compensation determined by the traffic their published articles attract.
What criticism has been directed at Forbes.com's contributor network?
Answer: It enables 'pay-to-play journalism' and PR material as news.
The contributor network model used by Forbes.com has faced criticism for potentially facilitating 'pay-to-play journalism' and allowing promotional content to be presented as news.
What program allows advertisers to publish content on Forbes.com?
Answer: BrandVoice
The BrandVoice program is utilized by Forbes to enable advertisers to publish their content directly on Forbes.com.
What did Harvard University's Nieman Lab describe Forbes.com as in 2022?
Answer: A platform for scams, grift, and bad journalism.
In 2022, the Nieman Journalism Lab at Harvard University characterized Forbes.com as a platform associated with 'scams, grift, and bad journalism'.
Why did Forbes.com begin blocking users employing ad blockers in 2017?
Answer: Because users with ad blockers do not contribute to the site's revenue.
Forbes.com implemented the blocking of users with ad blockers in 2017, citing that such users do not contribute to the site's revenue stream.
What award did Forbes win in 2020 for its online presence?
Answer: Webby People's Voice Award for Business Blog/Website
In 2020, Forbes received the Webby People's Voice Award in recognition of its business blog/website.
What is the purpose of the Forbes8 streaming platform launched in November 2019?
Answer: To highlight notable entrepreneurs and share business tips.
Launched in November 2019, Forbes8 serves as a streaming platform dedicated to showcasing entrepreneurs and disseminating business advice.