• ABOUT
    • Contact
    • The Team
    • FAQ
    • Use & Privacy Policy
  • ADVERTISE
  • ROWFAX
  • JOB LISTINGS
MusicRow.com
  • CALENDARS
    • Album/EP Releases
    • Single/Track Releases
    • Industry Events
  • OBITS
  • CHARTS
    • Radio Chart (Current)
    • Radio Chart (Archives)
    • No. 1 Challenge Coin
    • Songwriter Chart (Current)
    • Songwriter Chart (Archives)
  • REVIEWS
  • MY STORY
  • NEWSLETTER
    • Newsletter (Current)
    • Newsletter (Archives)
    • SIGN UP (FREE!)
  • SUBSCRIBE
  • STORE
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

Penske Media Acquires Controlling Interest In Wenner Media

December 21, 2017/by Jessica Nicholson

Penske Media Corporation (PMC) and Wenner Media have struck a deal, announcing Penske Media’s strategic investment in Wenner Media, majority owner of Rolling Stone.

Under the deal, Rolling Stone founder Jan Wenner will become Editorial Director, while Gus Wenner will remain President & COO and also join Penske Media’s advisory board. Wenner Media will maintain the majority control and editorial oversight for Rolling Stone. Financial terms for the investment were not disclosed.

Meanwhile, Singapore-based music start-up BandLab Technologies, which purchased a 49 percent stake in Rolling Stone in September 2016 for an undisclosed sum, continues as Wenner Media’s partner in Rolling Stone.

Rolling Stone joins Penske’s media portfolio, which includes Variety, Deadline.com, and IndieWire.

“Our interest in Rolling Stone is driven by its people, its cultural significance, and the globally-recognized brand that has no peer in its areas of influence,” said Penske Media chairman and CEO Jay Penske.  “We believe that Penske Media is uniquely qualified to partner with the Wenners to ensure the brand continues to ascend for decades across multiple media platforms—we’re eager to get started.”

“I am so proud of our accomplishments over the past 50 years and know Penske Media is the ideal match for us to thrive in today’s media landscape,” said Jan Wenner.

“We couldn’t ask for a better partner than Jay and Penske Media to invest in our company’s future success. They understand the importance and impact of Rolling Stone, and we are thrilled for this opportunity to grow our business together,” said Gus Wenner.

  • Author
  • Recent Posts
Jessica Nicholson
Jessica Nicholson
Jessica Nicholson serves as the Managing Editor for MusicRow magazine. Her previous music journalism experience includes work with Country Weekly magazine and Contemporary Christian Music (CCM) magazine. She holds a BBA degree in Music Business and Marketing from Belmont University. She welcomes your feedback at jnicholson@musicrow.com.
Jessica Nicholson
Latest posts by Jessica Nicholson (see all)
  • CMA Honors Robert Deaton With Chairman’s Award - December 4, 2020
  • Nashville Symphony, Nashville Musicians Association Reach Agreement - December 4, 2020
  • Zach Williams’ “Chain Breaker” Is Most-Added On ‘MusicRow’ CountryBreakout Radio Chart - December 4, 2020
Share this entry
  • Share on Facebook
  • Share on X
  • Share on LinkedIn
  • Share by Mail
0 0 Jessica Nicholson https://musicrow.com/wp-content/uploads/2019/03/MusicRow-header-logo-Mar19B.png Jessica Nicholson2017-12-21 10:24:082017-12-21 10:24:08Penske Media Acquires Controlling Interest In Wenner Media
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply Cancel reply

You must be logged in to post a comment.

RECENT NEWS

  • Jason & Rhonda Halbert Bring ‘Caretaker’ To Life With Star-Studded Audiobook July 3, 2025
  • MusicRow Weekly (Artist Roster, News, Charts, More…) July 3, 2025
  • Music Will Announces New National Advisory Board July 3, 2025
  • Bailey Zimmerman & Luke Combs Top MusicRow Radio Chart July 3, 2025
  • Cole Swindell Teams With Mountain Dew To Fight Thirst July 4th Weekend July 3, 2025
  • Daily Lineups Unveiled For Marcus King Band Family Reunion July 3, 2025
  • DISClaimer Single Reviews: Trisha Yearwood Wins Disc Of The Day July 3, 2025
  • Discover Sooner Taps Emma Kiefer As Next Publisher Writer Experience Mentor July 3, 2025
  • 3G Productions Expands With Nashville Location July 3, 2025
  • Post Malone Opens Bar On Lower Broadway July 3, 2025

Like Us on Facebook

Follow Us on Twitter

Tweets by MusicRow
© 2025 Music Row Enterprises, LLC - Enfold WordPress Theme by Kriesi
Website hosted by Nashville web design company, All My Web Needs.
  • Link to Facebook
  • Link to X
  • Link to Instagram
Scroll to top