Forbes magazine seems to be bucking the downward trend for print magazines, with the near-century-old publication hitting its highest readership level ever in the U.S. after an increase of more than a million readers in the past year, according to one media research company. In doing so, it remains the most read business magazine in the U.S., besting its nearest competitor, Fortune, by 2.5 million readers. “This is still a golden era for magazines — if done right,” Randall Lane, editor of Forbes magazine explained to TheWrap. Forbes Media spokesperson Mia Carbonell told TheWrap: “The sale process is active and ongoing, and we continue to remain excited and enthusiastic about the outcome.”According to the Alliance of Audited Media, Forbes Magazine’s circulation has remained more or less stable in recent years at 932,884. Germany’s Axel Springer SE, which publishes the Russian edition of the magazine, said in April it was no longer interested in bidding for the magazine.

Source: Forbes September 17, 2022 03:16 UTC