Rolling Stone Publisher Sells Majority Stake to Penske

This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

Sydney Ember, writing for The New York Times:

Penske Media Corporation has acquired a controlling stake in Wenner Media, the publisher of the famed Rolling Stone magazine, the companies announced on Wednesday.

Financial terms of the deal were not disclosed, but the investment values Wenner Media at roughly $100 million, according to a person familiar with the deal. BandLab Technologies, a Singapore-based music technology company, will retain a 49-percent stake in Rolling Stone that it acquired last year.
​

Expand - View Original