Wednesday, April 24, 2024

Jann Wenner Gives Up, “Rolling Stone”– the Last of His Magazines– Up for Sale

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Rolling Stone is up for sale. Jann Wenner’s last magazine is going on the block following sales of US Magazine and Men’s Journal to American Media.

Of course, Rolling Stone has been whittled down to nothing after its heyday in the Sixties, Seventies, and Eighties. Mostly out of touch, Rolling Stone stopped representing any generation a long time ago. But once, a long time ago, it was so important.

Wenner Media has been pretty much destroyed by lawsuits following its disastrous University of Virginia rape story– a rape that never happened and a story that tainted many innocent people.

Last year sold off 49% of Rolling Stone to BandLab, a tech company. But apparently that cash infusion was not enough to save the magazine. The New York Times first reported the story tonight.

It will be interesting to see if Wenner can keep his strangehold on the Rock and Roll Hall of Foundation now. He’s used his influence with Rolling Stone to get friends in and keep enemies out. Much of the nominating committee comes from Rolling Stone. Now what?

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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