Bret Pearlman

Steve Forbes: We’re Not Making More Cuts

Peter Kafka in Media on May 15, 2009 at 12:49 pm PT

Just because Roger McNamee of Elevation Partners is stepping down from the Forbes Media board, to be replaced by a cost-cutting expert, doesn’t mean more cuts are coming, says CEO Steve Forbes: “Various media outlets today noted that Roger McNamee of Elevation Partners has stepped off the Forbes Media board and that this portends an imminent round of additional cuts. It does not.” Here’s the complete internal memo.

Yet More Cost-Cutting Coming to Forbes?

Peter Kafka in Media on May 15, 2009 at 4:54 am PT

My former co-workers at Forbes are convinced that another round of cuts–it would be the third since November–is coming to the publisher. This won’t assuage their fears: High-profile investor Roger McNamee of Elevation Partners is stepping down from Forbes board and giving his seat to a member of his company’s “cost-cutting team.”