Wenner Media, the company founded by publisher Jann Wenner, is selling its controlling stake in the iconic music and culture magazine Rolling Stone, citing a desire “to best position the brand for future growth.”
The news comes one year after Wenner Media sold 49 percent of Rolling Stone to BandLab Technologies, a digital music company based in Singapore.
“Rolling Stone is a uniquely powerful brand with enormous opportunities to succeed in today’s environment,” said Gus Wenner, president and chief operating officer of Wenner Media and Jann Wenner’s son.
He said in a statement that the company has “made great strides transforming Rolling Stone into a multi-platform company.” – READ MORE
[contentcards url=”http://www.npr.org/sections/thetwo-way/2017/09/18/551760994/rolling-stone-magazine-is-put-up-for-sale” target=”_blank”]