Wenner Media Sells Controlling Stake in Rolling Stone to Penske Media

Penske Media Corporation has purchased a controlling stake in Wenner Media in a deal that values the company at "roughly" $100 million, The New York Times reports. The exact terms of the purchase were not disclosed. Rolling Stone co-founder Jann Wenner, 71, will stay on as Wenner Media's editorial director, and his 27-year-old son Gus will remain president and…

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