Goes on the block

founder Jann Wenner is selling his company’s controlling stake in the legendary music magazine, said Sydney Ember in

The sale comes as the iconic publication nears its 50th anniversary. “Once a counterculture bible” and musical tastemaker, Rolling Stone has been buffeted by the same publishing trends, including declines in circulation and advertising, that have led to the demise of other print titles. “A botched 2014 story about an unproven gang rape at the University of Virginia also badly bruised the magazine’s journalistic reputation.”