New York • The president and CEO of Forbes Media says the family owned magazine publisher has put itself up for sale.
In a Friday letter to employees, Mike Perlis said that Forbes Media has received "more than a few" indications of interest from potential buyers.
"The frequency and serious nature of these overtures have brought us to a decision point," Perlis said in his letter. "We're organizing a process to test the waters regarding a sale of Forbes Media."
As a result, the company has hired Deutsche Bank to represent it and help it explore its options. Perlis said the company expects "numerous suitors."