NEW YORK (AP) – Rolling Stone founder Jann Wenner plans to sell his company’s controlling stake in the legendary magazine that chronicled the music and politics of the counterculture movement and changed music journalism forever.
The New York Times reported Sunday that Wenner and his 27-year-old son, Gus, the president and chief operating officer of Wenner Media, hope to stay on at the magazine, but it’s a decision for the buyer.READ MORE: I-Team: Bank Of America And Zelle Customers Targeted In New High-Tech Scam
Gus Wenner said in an interview last week that “publishing is a completely different industry than what it was.”READ MORE: Technology Helping Melissa ISD Retain School Bus Drivers During Nationwide Shortage
No potential buyers have been named. The company’s other magazines, Us Weekly and Men’s Journal, were sold recently to American Media Inc., helmed by publisher David J. Pecker.
The elder Wenner says he hopes to find a buyer that understands Rolling Stone’s mission.MORE NEWS: Parents Share Safety Concerns At Mansfield ISD Town Hall On Campus Security Following School Shooting
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