Forbes chairman Steve Forbes bumped into Media Ink Thursday morning after finishing up an appearance on the Fox Business Network, so naturally we inquired as to how the sale of Forbes Media was proceeding.
The executive said he expected to hear news “in the next several weeks.”
Asked if he was happy with the price, since Ink had heard that it might be having a hard time fetching top dollar, Forbes responded rather cryptically, “Price? I like the price. I’m Scottish, so I like the price.”
Then he was gone.
Up to 50 members of the extended Forbes family may participate in dividing up the profits from the company started by Steve’s grandfather B.C. (Bertie Charles) Forbes.
The founding Forbes immigrated to the US from Scotland in 1904 and, after holding a variety of financial journalism jobs, started the magazine in 1917. He held the Editor-in-Chief job until his death in 1954 — when it was turned over to son Malcolm Forbes, Steve’s dad.
The Forbes family always kept tuned into its Scottish roots.