MEDIA
03/28/2008 02:45 am ET | Updated May 25, 2011

Bono, Forbes Family Eye Selling Company Or Offering IPO

It's been a year since rocker Bono and the gang from Elevation Partners bought into the Forbes family media empire in a deal that stunned the industry and grabbed page one headlines from Wall Street to Dublin.

Now, 12 months later, with the Forbes family selling its longtime headquarters building in Greenwich Village and its helicopters and pulling the plug on unprofitable titles, there are growing whispers around New York City and media circles from coast to coast about what is up inside the Forbes family empire.

The answer, it appears, is that the deal with Bono and company will result in the Forbes media dynasty ending with the sale of the company - or an initial public offering of at least a sizable stake in the company.

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