Penske Media Corporation currently owns Rolling Stone magazine.
Current Ownership of Rolling Stone Magazine
As of December 2017, Penske Media Corporation (PMC) acquired a majority stake in Rolling Stone magazine. This acquisition marked a significant shift in the ownership of the iconic music and culture publication, moving it from its long-standing original owner.
The Acquisition Details
The deal saw Penske Media Corporation, a leading media and entertainment company, purchase the majority share of Rolling Stone from Wenner Media, the company founded by Jann Wenner, who co-founded the magazine in 1967. This transaction ensured the magazine's continued operation under new leadership, aiming to further its legacy in the digital age.
Here's a quick overview of the ownership change:
| Aspect | Detail |
|---|---|
| Current Owner | Penske Media Corporation |
| Previous Majority Owner | Wenner Media |
| Acquisition Date | December 2017 |
| Acquired Stake | Majority Stake |
About Penske Media Corporation
Penske Media Corporation is a diversified media company that owns and operates numerous digital, publishing, and event brands across various industries, including entertainment, music, fashion, luxury, and technology. Their portfolio includes well-known titles, demonstrating their expertise in media management and content creation. The acquisition of Rolling Stone further solidified PMC's position in the entertainment and music journalism landscape.
You can learn more about Penske Media Corporation on Wikipedia.
Rolling Stone's Enduring Legacy
Rolling Stone has been a prominent voice in music, pop culture, and politics for over five decades. Its acquisition by Penske Media Corporation aimed to revitalize the brand and adapt it for modern media consumption, while preserving its rich history and commitment to quality journalism. The magazine continues to cover music news, reviews, cultural commentary, and investigative reports, upholding its position as an influential publication.
