Rolling Stone Magazine Will Be Put Up for Sale

Rolling Stone founder Jann Wenner is selling his company’s primary stake in the magazine, The New York Times reported Sunday. Both Wenner and his 27-year old son, Gus, the president and chief operating officer of Wenner Media, said they hope to stay on at the magazine, though that decision will ultimately be up to the buyer. The two also recently sold their company’s other two magazines, Us Weekly and Men’s Journal. “There’s a level of ambition that we can’t achieve alone,” Gus said. “So we are being proactive and want to get ahead of the curve... Publishing is a completely different industry than what it was. The trends go in one direction, and we are very aware of that.”