Forbes’ Future in Doubt After Sale Deal Falls Apart

Financial Times: Steve Forbes is not known for his passion. But in a heated private meeting in Hong Kong in October, he was incensed. A month earlier the Forbes family had sold its media business to Integrated Whale Media Investments, a group of Asian investors. By the time of the October meeting, however, the buyers had failed to make an interest payment of roughly $40,000. The messy legal dispute now clouds the future of Forbes magazine.