'Rolling Stone' sold to 'Variety magazine' owner Penske Media

[Zorro]

The entertainment media company that owns Variety, TV Line, Deadline and other properties has reached a deal to acquire control of Rolling Stone magazine.

Penske Media will acquire an ownership interest in Rolling Stone's majority owner, Wenner Media, shortly after the magazine celebrated its 50th anniversary.

The deal means that Rolling Stone editor Jann Wenner will relinquish ownership of the magazine he co-founded in 1967 in San Francisco with music journalist Ralph Gleason.

Wenner Media had announced in September that it would "explore strategic options" for Rolling Stone's future, setting it on a path toward a possible sale.

https://www.usatoday.com/story/money/2017/12/21/rolling-stone-owner-sold-variety-magazine-owner-penske-media/972418001/

[Ferrets are Cool]

1. One wonders what this will mean to the journalistic style of the magazine. nm

[Zorro]

2. I'm wondering, too

Could turn into lightweight schlock journalism, which would be terrible.

Over the past year RS has been providing some pretty hard-hitting reporting and analysis on Trump and the Republican Party, and what they are doing to debase the government and its founding democratic principles.

[Ferrets are Cool]

3. Agreed.nm

[longship]

4. More cowbell?

Just spitballing here.