Forbes Media Acquires Fifty-One Percent Stake in RealClearPolitics.com
Premier Political Site Enhances Interactive Offerings
NEW YORK--(BUSINESS WIRE)--Forbes Media, corporate parent of Forbes.com (www.forbes.com), announced today that it had acquired a 51% stake in RealClearPolitics.com, a premier political Web site. The founders will remain owners and management.
“We’re very pleased to be joining the Forbes Media organization at this exciting juncture in their history.”
RealClearPolitics.com joins the growing family of Forbes Web sites, which also includes Forbes.com, ForbesTraveler.com, ForbesAutos.com and Investopedia.com.
In making the announcement, Forbes President and CEO Steve Forbes stated, “We are absolutely delighted to welcome RealClearPolitics.com to the Forbes Media family as we continue our pursuit of enhancing and growing the company. Republicans, Democrats, Independents – anyone with an interest in politics and its impact on the economy—all find this sight indispensable for staying on top of critical news and analysis. It will be even more critical as the election season heats up.”
John McIntyre is the President and co-founder of RealClearPolitics.com (www.realclearpolitics.com), which he started with fellow Princeton graduate Tom Bevan in the spring of 2000. The site has grown to become one of the premier political Web sites on the Internet, with nearly 1,000,000 unique monthly visitors.
“Just as Forbes.com has become the top site for senior business decision makers, RealClearPolitics.com has become a trusted site for anyone interested in politics and policy,” said John McIntyre. “We’re very pleased to be joining the Forbes Media organization at this exciting juncture in their history.”
RealClearPolitics.com selects and publishes the best commentary, news, polling data, and links to important resources from all points of the political compass and covers all the important issues of the day. Its Poll Averages have become the standard in election polling and are used by numerous prominent media companies.
“With the addition of RealClearPolitics.com to the Forbes family of sites, we offer our affluent audience of top leaders and decision makers the unprecedented combination of business and financial news; luxury travel and automotive expertise; investing education and political savvy,” said Jim Spanfeller, President and CEO, Forbes.com.
Forbes Media, LLC was formed in August 2006 as a result of an investment in Forbes by Elevation Partners, in which the private equity firm became a minority shareholder in a newly formed company, encompassing Forbes magazine, Forbes.com and other media properties. Forbes.com reaches in excess of 20 million people monthly. Forbes is the publisher of Forbes, the nation’s leading business magazine, and its international edition, Forbes Asia, which together reach a worldwide audience of nearly five million readers. Forbes.com is the company’s Internet business, which is the homepage for the world’s business leaders and the #1 business site on the Web. The company also publishes ForbesLife, and ForbesLife Executive Woman. Forbes also publishes local language editions, including Forbes Nihonban, Forbes Korea, Forbes China, Forbes Russia, Forbes Arabia, Forbes Israel, Forbes Poland and Forbes Turkey.
Forbes.com (www.forbes.com), home page for the world’s business leaders and the No. 1 business news source in the world, is among the most trusted resources for senior business executives, providing them the real-time reporting, uncompromising commentary, concise analysis, relevant tools and community they need to succeed at work, profit from investing and have fun with the rewards of winning. Throughout the business day Forbes.com publishes more than 3,000 articles, delivering the best of Forbes journalism and that of its selected partners with all the immediacy, depth and interactivity that the Web allows.
Affiliated sites include: ForbesTraveler.com, ForbesAutos.com and Investopedia.com.
Founded in 2000 by John McIntyre and Tom Bevan, Chicago-based RealClearPolitics.com (RCP) has become one of America's premier independent political web sites. RCP selects and publishes the best commentary, news, polling data, and links to important resources from all points of the political compass and covering all the important issues of the day. By tapping into thousands of weblogs and hundreds of newspapers and magazines across the political spectrum every day, RCP has become a trusted site for anyone interested in politics.