Who owns Rolling Stone?
Back in 2017, The New York Times reported that Penske Media Corporation had acquired a controlling stake in Wenner Media, the publisher of the famed Rolling Stone magazine.
The magazine was founded in San Francisco in 1967 by Jann Wenner and Ralph Gleason. In September 2016, Wenner, the magazine magnate, was in the process of selling a 49% stake of the magazine to a company from Singapore called BandLab Technologies, which had no direct involvement in the editorial content of the magazine. In September the next year, Wenner Media announced that the remaining 51% of Rolling Stone magazine was also up for sale, which Penske Media bought. Three months later, they acquired the rest of the comapny s stake from BandLab Technologies, giving the company full ownership of the venerable magazine, including all event and licensing rights, and the parallel entity Rolling Stone International.
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Bonnie Fuller Buys Full Ownership of Hollywood Life From Penske Media
Fuller launched Hollywood Life in 2009 and partnered with PMC then, but will be buying out PMC’s stake for full ownershipLindsey Ellefson | January 22, 2021 @ 8:20 AM
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Hollywood Life president and editor in chief Bonnie Fuller will assume full ownership and operations of the brand beginning Jan. 31.
Fuller founded Hollywood Life in 2009 and has co-owned it with Penske Media Corporation since then. She is buying out PMC’s stake to assume full ownership of the company, which has grown to include its website as well as social media channels and a podcast hosted by Fuller. Hollywood Life is known for its exclusive video interviews.