New York Times
Steve Forbes appears to have no interest in selling Forbes, or in giving up his controlling stake. "I am the controlling shareholder and as long as I am alive, that is the way it is going to be," he tells
Geraldine Fabrikant just days after selling over 40% of Forbes Media to Elevation Partners. He describes that deal as an attempt to expand the empire, and declines to say if any of the capital is going to family members. "I can tell you we are making major investments."
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An investment in a magazine company is a new tune for McNamee (NYT)
