While based in London as the Journal's Deputy Bureau Chief, Forman was a member of the 1991 Persian Gulf War reporting team which later became a finalist for the Pulitzer Prize.

As a vice president of worldwide development at Time Inc. New Media, Forman managed the internet businesses of Fortune and Money magazines while also serving as CEO of Thrive, a joint venture with AOL.

He was executive chairman at mobile app advertising network Appia Inc.[12] and an investor and board member at several other startups in telecom, technology, and media.

Forman was also executive chairman and a member of the board of directors of Where.com, a leading location-based mobile commerce company that was acquired by EBay Inc. in April 2011.

Since 2012, Forman has been on the board of directors and served as the governance and nominating committee chair of Montreal-based local advertising company Yellow Pages Limited.