Baker Tilly successfully provided vendor due diligence services to Forbes Media LLC as part of the Company’s recapitalization process in 2012 to refinance existing debt and provide growth capital.
Forbes Media LLC, publisher of Forbes magazine and forbes.com, is an authoritative source of news and information on business, investing, technology, entrepreneurship, leadership, and affluent lifestyles.
Forbes.com, a leading business website, currently reaches 46 million monthly unique visitors, according to Omniture. Forbes magazine, Forbes Asia, and Forbes Europe attract a global audience of 5 million readers. The Forbes Magazine iPad app merges the power of print with social sharing and the web. The Company also publishes ForbesLife magazine, as well as 27 licensed local editions around the world.
Baker Tilly did an excellent job of providing a comprehensive report that highlighted the intricacies and dynamics of our business. The report allowed us to speed up the refinancing process in 2012 and, effectively, anticipate and address any key questions or matters surrounding our deal.Thomas J. Callahan, Chief Financial Officer, Forbes Media, LLC