YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Variety owner buys majority stake in Rolling Stone

Posted online

Penske Media Corp., the owner of Variety, purchased a controlling stake in Wenner Media, the parent of Rolling Stone magazine.

Financial terms were not disclosed, but Penske will invest in Wenner to the tune of a valuation of over $100 million, sources said.

Jann Wenner, who co-founded Rolling Stone in 1967, will stay on as the magazine's editorial director.

Read more from Variety.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences