Forbes' digital strategy effects big shifts
Magazine's co-editor exits; co. plans to unload InvestopediaMore change is coming to Forbes Media, where Paul Maidment announced his departure as co-editor of Forbes magazine while the company looks to unload Investopedia, its financial education website, as part of a larger shift in digital strategy.
Both developments follow Forbes' purchase last month of blog-based news site True/Slant and hiring of its founder/owner (and Forbes alum) Lewis Dvorkin to oversee the editorial strategy.
Before Dvorkin was installed as his boss, Maidment, along with Bill Baldwin, had overseen editorial and reported to Forbes Media Chairman and CEO Steve Forbes and his brother Tim Forbes, president and CEO. Maidment previously was editor of the magazine's website.
Forbes bought Investopedia in 2007 as part of an effort to create a network of sites that were editorially compatible to its own. Media investment bank the Jordan, Edmiston Group is handling the Investopedia sale.
Other sites remaining in Forbes Media' stable include RealClearPolitics.com; RealClearMarkets.com; and the Forbes.com Business and Finance Blog Network.