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FOR SALE: Rolling Stone Magazine
Iconic music and political magazine Rolling Stone is for sale. Founded by Jann Wenner in 1967, Wenner Media sold a 49% stake to Singapore’s Bandland Technologies in 2016. Wenner has retained Methuselah Advisors to find and filter “strategic options for its majority interest in Rolling Stone to best position the brand for future growth.”
Wenner and his 29 year old son Gus, who is president and COO of Wenner Media, were interviewed by the New York Times, and Jann said that Rolling Stone hoped to find a buyer “with lots of money.”
“Rolling Stone has played such a role in the history of our times, socially and politically and culturally. We want to retain that position,” he added.
The magazine celebrates 50 years in November.