Rolling Stone co-founder, editor and publisher Jann Wenner is looking to sell the iconic music magazine, which is celebrating its 50th anniversary this year.
Wenner Media, which also owns video game news site Glixel, has initiated a process "to explore strategic options" as a way to "best position the brand for future growth," the privately-held company said in a statement Monday.
Wenner and son Gus, president and chief operating officer of Wenner Media, said the company had hired bankers to explore a sale in an interview with The New York Times, which first reported the development.
Jann Wenner, 71, told the Times he hoped to sell the magazine to a buyer who has "lots of money" and understands Rolling Stone's mission. “I think it’s time for young people to run it,” he said.
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6 comments:
Ha Ha. Suck it boomers. Your culture is dying.
We're all dying. The post-boomer cultures will die, too. Revel in yours while you can. Forty years from now YOU'LL be the dinosaurs.
Trump voters not paying for liberal junk anymore.
What is a magazine?
This magazine has been garbage for well over a decade and a half to two decades. I wasn't even aware it was still out there.
Somebody buy that liberal rag and use it to line litter boxes, bird cages etc. That's what it is good for!
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