Forbes Cuts Helicopters, Yachts from Budget
Here’s some news every publisher in America can relate to:
[Forbes,] the family controlled publishing company that last year sold a big minority stake – reputed to be as much as 40 percent for $300 million – has now sold off its two corporate helicopters. The flying machines include a Bell JetRanger, a nifty little four-seater that used to be perched atop the Forbes yacht the Highlander, and a larger Apache-type chopper used for long-range commuting by the corporate brass and guests.
"Forbes did sell the two 20-year-old aircraft," a spokeswoman confirmed. "We are planning on buying a new Bell JetRanger for the Highlander as soon as the boat heads south this winter."
This news comes on the heels of last week’s devastating revelation that the annual twilight cruise for media and Forbes staffers around New York harbor aboard the family’s yacht would be cut from this year’s budget.