Rolling Stones Magazine up for Sale
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Title : Rolling Stones Magazine up for Sale
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Title : Rolling Stones Magazine up for Sale
link : Rolling Stones Magazine up for Sale
news-today.world | 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 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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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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