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.
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