ROLLING STONE SEEKS A NEW OWNER
After 50 years of chronicling music and pop culture, Jann Wenner is selling Rolling Stone.
The New York Times reports that Wenner is putting Wenner Media’s controlling stake of the publication up for sale, partly owing to some recent errors that have taken a financial toll.
Last year, Wenner and his son Gus sold a 49% stake in Rolling Stone to BandLab Technologies, a Singapore tech company. They recently sold the company’s other two magazines, Us Weekly and Men’s Journal.
Bankers are just beginning to explore a sale, and no buyers have been identified.
The move comes at the end of a week that has seen four major magazines lose top editors: Graydon Carter at Vanity Fair; Nancy Gibbs at Time; Cindi Leive at Glamour and Robbie Myers at Elle.
“I love my job, I enjoy it, I’ve enjoyed it for a long time,” Jann told the Times. Letting go was “just the smart thing to do.”
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)
