Jann Wenner, the chairman of Wenner Media whose flagship publication is “Rolling Stone, ” wants to sell the entertainment magazine “Us Weekly.” Wenner Media also owns “Men’s Journal.”
Wenner was raised in a secular Jewish family in New York.
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According to an exclusive story in The New York Post, Wenner Media is shopping “Us Weekly” around to bigger firms like Bauer Publications, Time Inc. and American Media Inc.
“Us Weekly” and “Men’s Journal” reportedly suffered an 18% drop in print advertising revenue in 2015. Such declines have been commonplace in the print media realm over the last few years as digital media increases its dominance.
The 70 year old Jan Wenner has been cutting back in his personal involvement with Wenner Media’s publications. In September he sold a 49% stake in its flagship publication “Rolling Stone” to BandLab Technologies.
And “Rolling Stone” isn’t what it used to be. The onetime voice of the counter culture back in the 1960s has been a mainstream entertainment magazine for decades now. And the publication which made Jan Wenner famous has been under attack over its reporting in 2014 of a false accusation of rape at the University of Virginia.
