Rolling Stone to be sole by Wenner Media

Rolling Stone owner Jann Wenner skeleton to sell his company’s determining interest in a mythological repository that chronicled a song and politics of a counterculture transformation and altered song broadcasting forever.

The New York Times reported Sunday that Wenner and his 27-year-old son, Gus, a boss and arch handling officer of Wenner Media, wish to stay on during a magazine, though it’s a preference for a buyer.

Gus Wenner pronounced in an talk final week that “publishing is a totally opposite attention than what it was.”

A 2010 cover of Rolling Stone was dedicated to former Beatle John Lennon. The repository has been a colonize in song journalism. (Rolling Stone/Associated Press)

Wenner told a Times it has been formidable to keep Wenner Media eccentric as edition faces foe from digital media and promotion sales decline.

The repository has been underneath financial vigour given it mislaid a lawsuit over a campus rape story published in 2015.

No intensity buyers have been named. The company’s other magazines, Us Weekly and Men’s Journal, were sole recently to American Media Inc., helmed by publisher David J. Pecker.

 BandLab Technologies, a song record association formed in Singapore, already owns a 49 per cent interest in Rolling Stone.

The elder Wenner says he hopes to find a customer that understands Rolling Stone’s mission.

Article source: http://www.cbc.ca/news/business/rolling-stone-to-be-sold-by-wenner-media-1.4294498?cmp=rss