Forbes Israel Magazine Moves to New Publisher

NEW YORK--(Business Wire)--
Forbes announced today the change of its publishing partner in Israel for its
local-language edition, Forbes Israel. Mirkaei Tikshoret LTD, one of the largest
media groups and publishers of newspapers in Israel, has signed an exclusive
licensing agreement with Forbes to continue publishing the leading business
magazine in Israel beginning with the May 2009 issue. A new editorial team will
produce the magazine, which has a circulation of 25,000.

Eyal Golan, managing director of Mirkaei Tikshoret Ltd, said: "This partnership
marks an incredible milestone in Israel`s media, with the world-leading Forbes
making its renowned publication more widely available to Israel`s business
leaders and the wider public."

Forbes Television and Licensing President Miguel Forbes stated: "We are
delighted to continue in Israel with Mirkaei Tikshorshoret LTD publisher of the
Jerusalem Post among many other highly respected titles in the region."

Mirkaei Tikshoret LTD:

Mirkaei Tikshoret LTD is one of the largest media groups and publishers of
newspapers in Israel. Its holdings, among other things, include: The Jerusalem
Post, the most widely read English language daily newspaper in Israel; The
International Jerusalem Post, a weekly paper distributed worldwide; The
Jerusalem Report, a bi-weekly newsmagazine on the Middle East and The Jewish
World; The Jerusalem Post Youth Magazines; The Jerusalem Post French Edition,
The Jerusalem Post Christian Edition; daily newspapers in Russian; weekly and
monthly magazines in Hebrew; and radio stations and broadcasting rights.

Forbes Media:

Forbes Media encompasses Forbesand Forbes.com, the #1 business site on the Web
that reaches 18.6 million people monthly. The company publishes Forbes and
Forbes Asia, which together reach a worldwide audience of more than 5.4 million
readers. It also publishes ForbesLife and ForbesWoman magazines, in addition to
local-language licensee editions in China, Croatia, Israel, Japan, Korea,
Poland, Romania, Russia, Turkey and the United Arab Emirates. Other Forbes Media
Web sites are: ForbesTraveler.com; Investopedia.com; RealClearPolitics.com;
RealClearMarkets.com; RealClearSports.com; and the Forbes.com Business and
Finance Blog Network. Together with Forbes.com, these sites reach nearly 40
million business decision makers each month.

Forbes
Debbie Weathers, 212-366-8848
dweathers@forbes.net

Copyright Business Wire 2009