Steve Forbes steps down as chief executive of Forbes Media

Steve Forbes has stepped down as chief executive of Forbes Media, publisher of business title Forbes magazine, and has been replaced by former Gentleman's Quarterly publisher Mike Perlis.

Steve Forbes: stepping down as CEO of Forbes Media
Steve Forbes: stepping down as CEO of Forbes Media
Forbes, a high-profile individual who made failed bids for the US presidency in 1996 and 2000, will remain chairman and editor-in-chief of the privately owned company.

The company has opted to bring in fresh blood to oversee a range of media assets, which includes its core Forbes magazine, off-shoot titles and the websites RealClearPolitics.com and RealClearSports.com.

Forbes Magazine was founded in 1917 by BC Forbes, setting up a company which has since been run by members of the Forbes family.

The fortnightly title has a circulation in excess of 900,000 copies.

As part of the structural changes, Tim Forbes, the brother of Steve, will stand down as chief operating officer.

He will, however, remain as chairman of Forbes Digital and will be a member of the company’s board.

Perlis was latterly a partner at SoftBank Capital, the investment vehicle, which invested in online news and information companies, including the Huffington Post.
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