Fortune: Forbes is in Trouble

There are three things media companies really enjoy: 1) Breaking a big story, 2) Making money and 3) Getting dirt on other media companies. According to Fortune, it has a good amount of number three. To make it even sweeter, the dirt they have is about their biggest rival – Forbes.

In a piece in the August 15 issue of Fortune, Katie Benner says that documents exclusive to Fortune have revealed Forbes Media is in a lot of financial trouble:

Forbes Media violated covenants on a revolving credit line that it took out in 2006, according to a letter sent to the company by J.P.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in