Laurene Powell Jobs is buying the Atlantic magazine
Source: Recode
Laurene Powell Jobs, the Silicon Valley entrepreneur and philanthropist, is acquiring a majority stake in the Atlantic magazine.
Jobs, in a statement, called the Atlantic “one of the country's most important and enduring journalistic institutions,” and cited the links between her organization, the Emerson Collective, and the Atlantic’s founder, Ralph Waldo Emerson, who “created a magazine whose mission was to bring about equality for all people.”
David Bradley, who bought the Atlantic for $10 million almost two decades ago, will continue to own a minority stake and remain chairman for the next three years. Terms of the deal weren’t disclosed.
Peter Lattman, a former editor at the New York Times, has been appointed vice chairman of the Atlantic. He will also continue to work as the managing director of media at Emerson Collective.
Read more: https://www.recode.net/2017/7/28/16055162/laurene-powell-jobs-acquired-atlantic-magazine-publisher-steve-widow-philanthropist-nonprofit
Laurene is the widow of Steve Jobs.
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