Misplaced Pages

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36-519: Its name, The Lindner Family Tennis Center, pays tribute to the family of a former tournament sponsor, the late Cincinnati financier, Carl Lindner, Jr. Browning Day of Indianapolis has been the architectural firm of record for the Center since its conception. The location became home to the Cincinnati Open in 1979 when tournament organizers grew weary of perennial Ohio River flooding at its venue of

72-634: A buyer, Forbes suspended publication of these two magazines as of May 17, 2007. Both magazines were purchased by the American Heritage Publishing Company and resumed publication as of the spring of 2008. Forbes has published the Forbes Travel Guide since 2009. In 2013, Forbes licensed its brand to Ashford University , and assisted with the launch of the Forbes School of Business & Technology . CEO Mike Federle justified

108-583: A deal valuing the company at $ 800   million. His majority ownership was to include the remaining portion of the company owned by the Forbes family which was not previously sold to Integrated Whale Media. The transaction attracted scrutiny by the Committee on Foreign Investment in the United States . Russell denied reports that Russian businessman Magomed Musaev was involved in the transaction. In November 2023,

144-549: A financial columnist for the Hearst papers, and his partner Walter Drey, the general manager of the Magazine of Wall Street , founded Forbes magazine on September 15, 1917. Forbes provided the money and the name and Drey provided the publishing expertise. The original name of the magazine was Forbes: Devoted to Doers and Doings . Drey became vice-president of the B.C. Forbes Publishing Company, while B.C. Forbes became editor-in-chief,

180-476: A part. A 2009 New York Times report said: "40 percent of the enterprise was sold... for a reported $ 300 million, setting the value of the enterprise at $ 750 million." Three years later, Mark M. Edmiston of AdMedia Partners observed, "It's probably not worth half of that now." It was later revealed that the price had been US$ 264 million. In 2021, Forbes Media reported a return to profit, with revenue increasing by 34 percent to $ 165 million. Much of

216-551: A post he held until his death in 1954. B.C. Forbes was assisted in his later years by his two eldest sons, Bruce Charles Forbes (1916–1964) and Malcolm Forbes (1919–1990). Bruce Forbes took over after his father's death, and his strengths lay in streamlining operations and developing marketing. During his tenure, from 1954 to 1964, the magazine's circulation nearly doubled. On Bruce's death, his brother Malcolm Forbes became president and chief executive officer of Forbes, and editor-in-chief of Forbes magazine. Between 1961 and 1999

252-407: A wide network of freelancers ("contributors") writes and publishes articles directly on the website. Contributors are paid based on traffic to their respective Forbes.com pages; the site has received contributions from over 2,500 individuals, and some contributors have earned over US$ 100,000, according to the company. The contributor system has been criticized for enabling "pay-to-play journalism" and

288-649: Is Steve Forbes , and its CEO is Mike Federle . It is based in Jersey City, New Jersey . Competitors in the national business magazine category include Fortune and Bloomberg Businessweek . Published eight times a year, Forbes features articles on finance, industry, investing, and marketing topics. It also reports on related subjects such as technology, communications, science, politics, and law. It has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine

324-415: Is a stub . You can help Misplaced Pages by expanding it . This article about a United States businessperson is a stub . You can help Misplaced Pages by expanding it . Forbes Forbes ( / f ɔːr b z / ) is an American business magazine founded by B. C. Forbes in 1917 and owned by Hong Kong –based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief

360-508: Is a family that has been prominent in the Cincinnati metropolitan area since the mid-20th century. They are known for their work in the insurance and investments business. As of 2015, Forbes ranks them as the 129th richest family in the United States. They are also known for their involvement in professional sports; Carl Jr. was a part owner and CEO of the Cincinnati Reds , Carl III

396-572: Is known for its lists and rankings, including of the richest Americans (the Forbes 400 ), lists of 30 notable young people under the age of 30 ( Forbes 30 Under 30 ), America's Wealthiest Celebrities, the world's top companies (the Forbes Global 2000 ), Forbes list of the World's Most Powerful People , and The World's Billionaires . The motto of Forbes magazine is "Change the World". B. C. Forbes ,

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432-577: Is the majority owner and CEO of FC Cincinnati , and the family's contributions to the Cincinnati Open led to its venue being titled the Lindner Family Tennis Center . The Lindner family's rise to prominence began with Carl Lindner Sr. opening a dairy processing plant in Norwood , Ohio in 1940. The business, United Dairy Farmers , had expanded to thirty stores by 1960, and the family bought

468-624: The American Financial Group with their savings. By the mid-1960s, Carl Sr.'s sons were running the family's businesses: Carl Jr. was running American Financial Group, Robert was running United Dairy Farmers, and Richard was running the Thriftway Food Drug grocery chain, which later joined with Winn-Dixie . In 1975, Cincinnati-based American Financial Group, one of billionaire Carl Lindner, Jr.'s companies, bought into United Fruit Company . In August 1984, Lindner took control of

504-525: The Asia Society , wrote in The Washington Post that "Since that purchase, there have been several instances of editorial meddling on stories involving China that raise questions about Forbes magazine's commitment to editorial independence." On August 26, 2021, Forbes announced plans to go public via a merger with a special-purpose acquisition company called Magnum Opus Acquisition, and to trade on

540-916: The Cincinnati AVP Pro Beach Volleyball Championship Series . Since the 2015–2016 school year, the Ohio High School Athletic Association state championship tournament has been held at the Lindner Family Tennis Center. The tournament was previously held at Ohio State University and the Elysium Tennis Center. From Club Court to Center Court by Phillip S. Smith, pages 33 & 43 (2008 Edition; ISBN   978-0-9712445-7-3 ). 39°20′56″N 84°16′38″W  /  39.348934°N 84.27711°W  / 39.348934; -84.27711 Lindner family The Lindner family

576-643: The 2009 Times report: "Steve Forbes recently returned from opening up a Forbes magazine in India , bringing the number of foreign editions to 10." In addition, that year the company began publishing ForbesWoman , a quarterly magazine published by Steve Forbes's daughter, Moira Forbes , with a companion Web site. The company formerly published American Legacy magazine as a joint venture, although that magazine separated from Forbes on May 14, 2007. The company also formerly published American Heritage and Invention & Technology magazines. After failing to find

612-428: The 36-year patriarch of the tournament. The new 52,000 square feet (4,800 m) Player Center added space not only for players, but for media and fans as well. It is approximately twice as high as the previous West Building, rising 85 feet (26 m) above ground level and 97 feet (30 m) above the court level. A canopy extends over the west stands providing more covered seating. Total Center Court seating capacity

648-685: The New York Stock Exchange as FRBS. In February 2022, it was announced that Cryptocurrency exchange Binance would acquire a $ 200 million stake in Forbes as a result of the SPAC flotation. In June 2022, the company terminated its SPAC merger citing unfavorable market conditions. In August 2022, the company announced that it was exploring a sale of its business. In May 2023, it was announced that billionaire Austin Russell , founder of Luminar Technologies , agreed to acquire an 82   percent stake in

684-543: The app. David Churbuck founded Forbes ' s web site in 1996. The site uncovered Stephen Glass 's journalistic fraud in The New Republic in 1998, an article that drew attention to internet journalism . At the peak of media coverage of alleged Toyota sudden unintended acceleration in 2010, it exposed the California "runaway Prius" as a hoax, as well as running five other articles by Michael Fumento challenging

720-569: The company and renamed it Chiquita Brands International . In 1989, the Lindner family founded and funded the Cincinnati Hills Christian Academy . In 1999, Carl Jr. bought controlling ownership in the Cincinnati Reds , which he held until selling to Robert Castellini in 2005. In 2015, Carl III became majority owner and chief executive owner of the newly formed soccer club FC Cincinnati . This article about an Ohioan

756-619: The company published 100 articles each day produced by 3,000 outside contributors who were paid little or nothing. This business model, in place since 2010, "changed their reputation from being a respectable business publication to a content farm", according to Damon Kiesow, the Knight Chair in digital editing and producing at the University of Missouri School of Journalism. Similarly, Harvard University's Nieman Lab deemed Forbes "a platform for scams, grift, and bad journalism" as of 2022. In 2017

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792-494: The deal collapsed, as Russell was unable to put together the necessary funds. Apart from Forbes and its lifestyle supplement, Forbes Life , the magazine has 42 international editions covering 69 countries: Chairman / Editor-in-chief Steve Forbes and his magazine's writers offer investment advice on the weekly Fox TV show Forbes on Fox and on Forbes on Radio . Other company groups include Forbes Conference Group, Forbes Investment Advisory Group and Forbes Custom Media. From

828-406: The entire media premise of Toyota's cars gone bad. The website (like the magazine) publishes lists focusing on billionaires and their possessions, especially real estate. Forbes.com is part of Forbes Digital, a division of Forbes Media LLC. Forbes's holdings include a portion of RealClearPolitics . Together these sites reach more than 27 million unique visitors each month. Forbes.com employs

864-743: The facility tennis courts. In 2012, the tournament expanded the food court and exhibit areas and also enhanced the northern entrance. The venue also hosts the Atlantic 10 Conference Tennis Championships and the Ohio Athletic Conference Tennis Championships, and has hosted the Association of Volleyball Professionals Cincinnati professional sand volleyball tournament, special events such as concerts and Hospice of Cincinnati's annual fundraising event, and numerous national and regional high school tennis tournaments. It has also hosted

900-549: The licensing in 2018, stating that "Our licensing business is almost a pure- profit business , because it's an annual annuity ." Forbes would launch limited promotions for the school in limited issues. Forbes has never formally endorsed the school. On January 6, 2014, Forbes magazine announced that, in partnership with app creator Maz, it was launching a social networking app called "Stream". Stream allows Forbes readers to save and share visual content with other readers and discover content from Forbes magazine and Forbes.com within

936-465: The magazine was edited by James Michaels . In 1993, under Michaels, Forbes was a finalist for the National Magazine Award . In 2006, an investment group Elevation Partners that includes rock star Bono bought a minority interest in the company with a reorganization, through a new company, Forbes Media LLC, in which Forbes Magazine and Forbes.com, along with other media properties, is now

972-403: The new location, and the bleachers used at Coney Island were shipped up I-71 and placed around one of them to form Center Court. Two years later, those bleachers were removed and the first phase of construction on that court began. Enhancements to seating and amenities on Center Court have been made nearly every year since. One of the biggest expansions came in 1987 when the original West Building

1008-450: The publisher's 2012 earnings before interest, taxes, depreciation, and amortization was US$ 15 million. Forbes reportedly sought a price of US$ 400 million. In July 2014, the Forbes family bought out Elevation and then Hong Kong-based investment group Integrated Whale Media Investments purchased a 51 percent majority of the company. In 2017, Isaac Stone Fish, a senior fellow of

1044-433: The repackaging of public relations material as news. Forbes currently allows advertisers to publish blog posts on its website alongside regular editorial content through a program called BrandVoice, which accounts for more than 10 percent of its digital revenue. In July 2018 Forbes deleted an article by a contributor who argued that libraries should be closed, and Amazon should open bookstores in their place. As of 2019

1080-465: The revenue growth was attributed to Forbes’ consumer business, which was up 83 percent year-over-year. CEO Mike Federle says that Forbes is built on an audience and business scale with 150 million consumers. In January 2010, Forbes reached an agreement to sell its headquarters building on Fifth Avenue in Manhattan to New York University ; terms of the deal were not publicly reported, but Forbes

1116-413: The slogan "Home Page for the World's Business Leaders" and claimed, in 2006, to be the world's most widely visited business web site. The 2009 Times report said that, while "one of the top five financial sites by traffic [throwing] off an estimated $ 70 million to $ 80 million a year in revenue, [it] never yielded the hoped-for public offering ". Forbes.com uses a contributor network in which

Lindner Family Tennis Center - Misplaced Pages Continue

1152-766: The time, the Coney Island amusement park. One of the tournament sponsors, Taft Broadcasting , owned the Kings Island Amusement Park in Mason, as well as the Golf Center at Kings Island , which was located on land directly across Interstate 71 from the park. When the chairman of Taft Broadcasting, Charles Mechem, suggested the tournament move to land at the Golf Center, tournament organizers, led by Paul M. Flory, agreed. Four courts of DecoTurf II were initially installed at

1188-491: The website blocked internet users using ad blocking software from accessing articles, demanding that the website be put on the ad blocking software's whitelist before access was granted. Forbes argued that this is done because customers using ad blocking software do not contribute to the site's revenue. Malware attacks have been noted to occur from the Forbes site. Forbes won the 2020 Webby People's Voice Award for Business Blog/Website . In November 2019, Forbes launched

1224-469: Was added, creating working space for players and media and luxury suites for fans. An expansion in 1990 added more suites and increased capacity on Center Court to 10,000. Construction in 1998 added two additional courts, bringing the total number of courts at the Tennis Center to 10. In 2010, the Tennis Center was enhanced with a new "West Building," now known as The Paul M. Flory Player Center in honor of

1260-416: Was raised from 10,500 to 11,400 after the renovation. In 2011 the grounds were expanded by more than 40% and six courts were added (increasing the total number of courts from 10 to 16), including Court 3 which serves as the third television court for the tournament. The expansion also included a new front entrance, entry plaza and ticket office. Harry Ewers & Sons, Inc. was chosen to construct and maintain

1296-456: Was to continue to occupy the space under a five-year sale-leaseback arrangement. The company's headquarters moved to the Newport section of downtown Jersey City , New Jersey, in 2014. In November 2013, Forbes Media, which publishes Forbes magazine, was put up for sale. This was encouraged by minority shareholders Elevation Partners . Sale documents prepared by Deutsche Bank revealed that

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