Florida Publisher to Keep New York Offices

Bonnier CorporationPublisher Bonnier (PARENTING, FIELD & STREAM, SAVEUR) has signed a 10 year lease on 99,000 square-feet at 2 Park Avenue in New York City.

2 Park Avenue, NYCThe company acquired an existing sublease when the European Bonnier Magazine Group merged with the Florida-based World Publications.  The resultant company renamed itself Bonnier Corporation and located its headquarters in Winter Park, FL.  Recently, it moved BABYTALK, BABYTALK FIRST MONTHS and BABYTALK MOM-TO-BE FROM New York City to Florida.

Does this new lease mean that Bonnier will move its headquarters to New York?

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One More Magazine Goes Online-Only

Wealth Manager magazine coverWEALTH MANAGER from Summit Business Media will cease as a print publication after its July/August issue.

The monthly provides independent financial planners and registered investment advisers with planning and investment ideas.  It was founded in 1999 and has a circulation of 40,000.

Rumors Swirl as Forbes.com CEO Leaves

Jim SpanfellerFORBES made it three for three, when the last of the three major business magazines made its own gossip-producing announcement: Its website CEO Jim Spanfeller is leaving.

He is widely credited to have built the site into a powerhouse with 40 million unique visitors per month across Forbes.com, ForbesTraveler.com, Investopoedia.com, RealClearPolitics.com, RealClearMarkets.com, Real Clear Sports, Forbes Business and Finance Blog Network.

Forbes logoSpanfeller says he is leaving to form his own media management company, but pundits wonder if he wasn’t forced out by a new cost cutting boardmember from investor Elevation Partners, the private equity group that purchased a large minority stake in Forbes three years ago.  As proof, the fact that WSJ.com has almost caught up with forbes.com in unique viewers (according to compete.com) is offered.  True or not, the Forbes employees, like those at BusinessWeek and Fortune, are probably tossing and turning at night.