LAURENE POWELL JOBS IS BUYING THE ATLANTIC
In another example of old media colliding with the tech world, The Atlantic magazine is getting a new majority owner from Silicon Valley: Laurene Powell Jobs’ Emerson Collective.
The deal, whose terms were not announced, includes the magazine, its digital properties, live events business and consulting services, the Emerson Collective announced Friday.
Powell Jobs becomes the latest tech billionaire to be associated with a well-known publication with a long history. Amazon CEO Jeff Bezos bought The Washington Post in 2013. Facebook co-founder Chris Hughes bought the New Republic in 2012 but later sold it.
Laurene Powell Jobs, the widow of Apple co-founder and CEO Steve Jobs, is buying The Atlantic magazine.