MEDIA
11/15/2013 11:50 am ET

Forbes Media Exploring Sale: Bloomberg News

Forbes

Bloomberg News reported Friday that Forbes Media, the publisher of Forbes magazine, is exploring a sale.

Sources familiar with the matter said that Forbes Media is seeking at least $400 million in a possible sale of the company, which would include Forbes magazine and Forbes' website. The company said in a memo to staff that it is working with Deutsche Bank AG to look at its options.

Click over to Bloomberg for the full report from Jeffrey McCracken, Alex Sherman and Edmund Lee.

It is the latest report of a possible sale in the struggling print industry: in August, IAC sold Newsweek to IBT Media. Time Warner also announced plans to spin off Time Inc. as an independent company, after talks to sell the magazine division fell through.

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