Via WSJ. One of our nation’s oldest source for “reliable business news and financial information,” can’t pay its rent. Forbes, who is making a go at it online, is well known for their lists–the richest Americans, highest-paid stars under 30, and its list of billionaires–but they can’t be happy about the financial news their company is making this week. Word has it a unit of the publisher is behind on rent, and hasn’t been up to date for at least three months. Not a good sign for company that still resides at the iconic Fifth Avenue building.
Another bad sign, a recent deal with real-estate investor Jamsestown looks iffy, and the investor might turn down the deal. Forbes has been in the process of removing staff members from the building for a while now but a portion of the building is leased till 2020. A spokeswoman for Forbes, Mia Carbonell wouldn’t confirm the missed rent payments, saying instead the company “is on solid financial footing, and the company is profitable.”
Maybe they should have sold those fabergé eggs for a little more money.