media industry

Forbes Media is reaching outside the family ranks for the first time to name a new CEO, the company announced Tuesday. Veteran venture capitalist and media executive Mike Perlis will assume his new post Dec. 1, replacing longtime CEO and former presidential candidate Steve Forbes.

U.S. advertising will increase about 3% this year and will rise about 35% over the next nine years, though the increase will be mostly in new media and not in newspapers and other older forms of advertising, according to a report released today.