Forbes Media Sells RealClearPolitics Stake
Deal with Crest Media realigns the Internet powerhouse with Middle Eastern news hub Al-Monitor.
Two years after Washington D.C.-based Middle Eastern news portal Al-Monitor was launched in 2012, the site won the International Press Institute’s prestigious Free Media Pioneer Award. Now comes a bold strategic step.
Crest Media, Al-Monitor’s parent, together with RealClearPolitics original investors, has bought back from Forbes Media a majority equity stake held in the U.S. politics website since 2007. The purchase price is not being disclosed. From this morning’s announcement:
“We’re thrilled to have Crest Media as a partner” said RealClearPolitics co-founder Tom Bevan.
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