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Rolling Stone Publisher Sells Majority Stake to Penske

Discussion in 'Article Discussion' started by Melody Bot, Dec 21, 2017.

  1. Melody Bot

    Your friendly little forum bot. Staff Member

    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.

     
  2. bachna84

    we are nothing more than mannequins Supporter

    Penske just makes me think of Seinfeld
     
    j0hnnyrt, Kingjohn_654 and fenway89 like this.
  3. bachna84

    we are nothing more than mannequins Supporter

    [​IMG]
     
    Kingjohn_654 and fenway89 like this.
  4. Kingjohn_654

    Longtime Sunshine Prestigious

    I came in here to post this. I love you man.
     
    bachna84 likes this.