Emerson Collective, the philanthropic organization founded by Laurene Powell Jobs, widow of Steve Jobs, has acquired a majority stake in The Atlantic.
The acquisition includes The Atlantic’s flagship magazine, digital properties, live events business, and consulting services. The price of the deal was not disclosed.
David G Bradley, chairman of Atlantic Media, the parent company, will continue to hold a minority stake in the business and will run The Atlantic for “at least the next three to five years”, the publisher said.
Atlantic Media includes The Atlantic, Quartz, National Journal Group, and Government Executive Media Group.
Michael Finnegan continues in his Read full story ›
Source: The Drum
Industry News