Forbes

===Sale to Integrated Whale Media (51% stake)===
In November 2013, Forbes Media, which publishes ''Forbes'' magazine, was put up for sale.<ref name=20131115nytimes>{{cite news | url=https://www.nytimes.com/2013/11/16/business/media/forbes-says-it-is-for-sale.html | title=Forbes Says It Is for Sale|work=The New York Times|date=November 15, 2013|access-date=November 25, 2013|first1= Christine |last1=Haughney |first2=David |last2=Gelles |archive-date=November 16, 2013 |archive-url=https://web.archive.org/web/20131116085241/https://www.nytimes.com/2013/11/16/business/media/forbes-says-it-is-for-sale.html |url-status=live |url-access=subscription}}</ref> This was encouraged by minority shareholders [[Elevation Partners]]. Sale documents prepared by [[Deutsche Bank]] revealed that the publisher's 2012 [[earnings before interest, taxes, depreciation, and amortization]] was US$15&nbsp;million.<ref name=niemanlab>{{cite web |url= http://www.niemanlab.org/2014/01/the-newsonomics-of-forbes-real-performance-and-price-potential/ |title=The Newsonomics of Forbes' real performance and price potential |publisher=Nieman Lab|first=Ken |last=Doctor|access-date=|date = January 16, 2014}}</ref> ''Forbes'' reportedly sought a price of US$400&nbsp;million.<ref name= niemanlab/> In July 2014, the [[Forbes family (publishers)|Forbes family]] bought out Elevation and then Hong Kong-based investment group Integrated Whale Media Investments purchased a 51 percent majority of the company.<ref name=forbes2014>{{cite press release|url=https://www.forbes.com/sites/forbespr/2014/07/18/forbes-media-agrees-to-sell-majority-stake-to-a-group-of-international-investors-to-accelerate-the-companys-global-growth/ |title=Forbes Media Agrees To Sell Majority Stake to a Group of International Investors To Accelerate The Company's Global Growth|work=Forbes|date=July 18, 2014|access-date=July 24, 2015}}</ref><ref name=recode11628980>{{cite web|url=http://www.recode.net/2014/7/18/11628980/forbes-sells-to-hong-kong-investment-group |title=Forbes Sells to Hong Kong Investment Group|work=Recode|access-date=August 27, 2018|date=July 18, 2014|archive-url=https://web.archive.org/web/20170124211943/https://www.recode.net/2014/7/18/11628980/forbes-sells-to-hong-kong-investment-group|archive-date=January 24, 2017|url-status=dead}}</ref><ref name = "Marketwatch" />

In 2017, Isaac Stone Fish, a senior fellow of the [[Asia Society]], wrote in ''[[The Washington Post]]'' that "Since that purchase, there have been several instances of editorial meddling on stories involving China that raise questions about Forbes magazine's commitment to editorial independence."<ref name=WashingtonPost>{{cite news |url=https://www.washingtonpost.com/news/democracy-post/wp/2017/12/14/chinese-ownership-is-raising-questions-about-the-editorial-independence-of-a-major-u-s-magazine/ |title=Chinese ownership is raising questions about the editorial independence of a major U.S. magazine |last=Fish |first=Isaac Stone |date=December 14, 2017 |newspaper=[[The Washington Post]] |access-date=November 22, 2020 |archive-url=https://archive.today/20171215035245/https://www.washingtonpost.com/news/democracy-post/wp/2017/12/14/chinese-ownership-is-raising-questions-about-the-editorial-independence-of-a-major-u-s-magazine/ |archive-date=December 15, 2017 |quote=When a Chinese company buys a major American magazine, does the publication censor its coverage of China? There is only one example so far, and the results are discouraging. In 2014, a Hong Kong-based investment group called Integrated Whale Media purchased a majority stake in Forbes Media, one of the United States’ best-known media companies. It’s hard to demonstrate causality in such cases. But since that purchase, there have been several instances of editorial meddling on stories involving China that raise questions about Forbes magazine’s commitment to editorial independence.}}</ref>