Rolling Stone Sold For $100 Million to Penske Media
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Penske Media Corporation has acquired a controlling interest in Wenner Media, parent company of the iconic magazine Rolling Stone in a $100,000,000 deal. Wenner Media will retain “majority control and editorial oversight” of Rolling Stone, according to the press release. Fun fact: They purchased the magazine on one of those subscription slips included in the magazine.
Read more at deadline.com.
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