Penske Media Corp. has bought a 49% stake in Rolling Stone, giving the company full control of the storied publishing brand. Terms were not disclosed for the deal, which took effect January 22,but was announced today. Along with the online and print magazine, the transaction includes all event and licensing rights, as…

PMC chief Jay Penske has closed a major deal to acquire a controlling interest in Wenner Media, the parent company of the venerable rock music bible Rolling Stone. Jann Wenner, who founded the magazine in 1967 with Ralph Gleason in San Francisco with a $7,500 loan from family members, will still be involved and take…

Indie producer Nevision has pacted with Alex Gibney's Jigsaw Productions to co-produce Rolling Stone: Stories From The Edge, the documentary about the groundbreaking and often controversial music magazine for HBO and Sky Arts. The doc series, to be launched internationally at MIPCOM 2017, is in production and set to…

Jann Wenner is selling his controlling stake in Rolling Stone, relinquishing the publication he steered from street-savvy newspaper to glossy cultural influencer over 50 years. The story first was reported by The New York Times. "I love my job, I enjoy it, I've enjoyed it for a long time," Wenner, 71, told the Times…

UPDATE Friday morning: Rolling Stone movie reviewer Peter Travers, one of the most familiar bylines in the industry, has been moved from staff to freelance status and reportedly isn’t happy about the demotion. Asked about the status of Travers, a 26-year RS veteran, Wenner Media spokeswoman  Kathryn Brenner told the…

After Rolling Stone publisher Jann Wenner decided no one would lose their job at the publication in the wake of a new report on the magazine’s thoroughly discredited University of Virginia rape report, Jon Stewart explained to Wenner that the report is, in fact, not punishment enough, as Wenner has suggested. The…