Forbes.com CEO Jim Spanfeller, who has run one of the Web’s biggest finance sites for the last nine years, is leaving the company at the end of the summer. No replacement has been named. Spanfeller’s departure comes amid a flurry of bad news for finance publications.
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.
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.”
Consumers hate Web ads because they’re boring and annoying. Publishers hate them because they get cheaper every day. A group of Yahoo vets, funded by Forbes, thinks they have a solution: Really nice-looking slideshows.
Barack Obama’s move into the White House meant different things for different people. For Elevation Partners head Roger McNamee, it meant he could get a haircut.
Palm used to own the smartphone market, but now it’s barely hanging on. Today the company unveils its long-awaited comeback plan: The Pre, which features an iPhone-like multi-touch screen but also boasts a keyboard. Will it be enough?
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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