Monday, January 18, 2021

Another Chinese tentacle

I admit to having been taken a little aback by Forbes magazine's shocking editorial essentially advocating blacklisting Trump administration employees, and also by the decision to delete an article written by a frequent contributor which was highly critical of Twitter (details can be found here). Is this just the typical globalist/corporate anti-Trumpism and Big Tech advocacy favored by the ruling class, I wondered?

Well, it might well have been that, too, but a few minutes nosing around on the internet revealed something else that may be at work: majority control of Forbes magazine was sold to an Asian investor outfit known as Integrated Whale Media in 2014, which in turn is owned primarily by Hong Kong-based Integrated Asset Management (according to the New York Post). Concerns about Chinese influence on the editorial independence of Forbes have been so prevalent that even the Washington Post commented on the situation.

Steve Forbes disagreed with the editorial, but, although he's still Editor-in-Chief of the magazine, the Forbes family's ownership percentage is now negligible and we are left to speculate as to whether his position is "real", or merely ceremonial.

3 comments:

Steve Skubinna said...

Steve Forbes can disagree all he likes, but the editor that announced the blacklist is still in his position, and presumably still implementing his blacklist. So I'm attributing his protest as providing cover for their pending purge.

Paco said...

Yes, Forbes supplied some pious argle-bargle about the editorial representing a commitment by the magazine to diversity of opinion, even though he disagreed with it, so I guess he considers his role as Editor-in-Chief to consist mainly in looking for typos. We'll see how he reacts when some contributor calls for gunning down the idle rich in the streets (if his masters permit him to react at all).

bruce said...

'resistance is futile'