Rolling Stone for Sale

It was announced this week that the legendary Rolling Stone publication is up for sale. The magazine has taken a hit in recent years as print circulation and advertising have dried up, which, compounded by missteps at the magazine (most notably a botched 2014 story on the University of Virginia), led to the owners ultimately making the decision to sell. According to the NYTimes, "Wenner Media has hired bankers to explore its sale, but the process is just beginning. BandLab's stake in the company could also complicate matters. Neither Jann nor Gus Wenner would name any potential buyers, but one possible suitor is American Media Inc., the magazine publisher led by David J. Pecker thathas already takenUs Weekly and Men's Journal off Wenner Media's hands." Read more on the sale and uncertain future of Rolling Stone here.