Forbes Magazine Philippines to launch in 2015

Forbes Media LLC will begin publishing a Philippine edition of Forbes Magazine starting next year via a partnership with Summit Media.Local reports say that the initial circulation of Forbes Philippines will be 10,000 per month. A local editorial team will be set up to create local content about of country's top entrepreneurs, executives, business owners, celebrities and philanthropists on top of stories from Forbes globally.Summit Media made the partnership public today via a post on twitter.“The Philippines is one of ASEAN's most dynamic economies and Forbes Philippines will serve the country's growing community of tycoons, CEOs, investors and aspiring entrepreneurs," William Adamopoulos, CEO/Asia of Forbes Media LLC, said in a statement.Founded in 1995, Summit Media has an extensive portfolio of over 20 publications both on print and online. This includes other popular global magazine titles Elle Decoration Philippines, Entrepreneur Philippines, Esquire Philippines,FHM Philippines and Men's Health Philippines,“We believe the power of the Forbes brand resonates very well with our readers, which includes top investors, entrepreneurs and C-suite executives. With our passion and knowledge of the Philippines market, Forbes Philippines will be a great success," Lisa Gokongwei-Cheng, president of Summit Media said.