Jann Wenner is out.
It’s been 51 years since Wenner started Rolling Stone as a broadsheet from San Francisco. It used to fold in half and come out twice a month. Everything was fresh, and if you loved music, you were instantly dependent on it.
But you know, Time Life is gone. Conde Nast teeters, as does Hearst. Everything’s different now.
Tonight, Penske Media bought up the rest of Rolling Stone from Wenner and Singapore-based BandLab Technologies, the people Wenner had sold a minority interest to a couple of years ago. The announcement was made in Deadline.com, also owned by Jay Penske.
Penske now has full control of Rolling Stone, which believe it or not is still a worthwhile brand name. Even the website produces traffic. Alexa.com ranks it at 596 in the US, which is pretty good.
The Deadline story quotes an internal release Penske sent to the RS staff: “In the 12 months since PMC’s initial investment into this incredible team and legendary brand, the need to consolidate the Rolling Stone business has become abundantly clear and something that BandLab and their leadership team also recognized and were in full support of. It’s with their confidence and blessing that we were able to put together a deal that was best for all parties. We continue to have shared goals and will continue to collaborate in the future. This strategic transaction is a key move for what will be many years of future growth and expansion for Rolling Stone, both domestically and abroad.”
The end of Wenner is not bittersweet, it’s just bitter. Rolling Stone was his fiefdom. For years he ran it petulantly, as described in at least two biographies. He loved making and breaking writers, rock stars, photographers. He used the magazine as leverage in running the Rock and Roll Hall of Fame. And now the party is over.
Penske has achieved what Wenner could not: a media empire. Wenner at one point had US Weekly and Mens Journal. They’re all gone now. Penske owns RS, Variety, WWD, Hollywood Life, Deadline, TV Line.
Goodbye, Jann. It was…interesting.

Betty Buckley, playing Dolly Gallagher Levi in the National Tour of “Hello Dolly”, proves she is one of our shining divas of stage, screen and TV. Betty grabs the role with gusto; infusing her Dolly with pathos, humor, regret, love and hope. Betty has played numerous iconic roles on stage, TV and film, think “Carrie,” “Sunset Blvd,” “Eight is Enough,” “Split.” Buckley’s talent lies in instantly making the characters she plays human, accessible and relatable. Betty’s Dolly is singularly Buckley.
Buried at the end of a press release this morning is excellent news: Michael Lindsay-Hogg is restoring “Let it Be,” the Beatles’ infamously semi-released final film, for its 50th anniversary in 2020. “Let it Be” was first released briefly in May 1970 and then vanished as the Beatles broke up. It’s been the subject of heated discussion for decades: what happened to it?