Penske Media Buys Controlling Interest in Wenner Media
Last week Penske Media Corporation, the owner of Variety, Robb Report and Women’s Wear Daily, purchased a controlling interest in Wenner Media, the publisher of Rolling Stone magazine. Co-founder Jann S. Wenner will remain at Wenner Media as the editorial director and his son Gus will stay on as the president and COO and join the advisory board of Penske Media, reports The New York Times.
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