Friday, July 28, 2017

Laurene Powell Jobs, widow of Steve Jobs, just bought a chunk of The Atlantic

The Atlantic magazine just announced that Emerson Collective, the non-profit founded by Steve Jobs widow Lauren Powell Jobs, has acquired a majority stake in the publication. Neither Emerson Collective, nor David G. Bradley, chairman and owner of Atlantic Media, confirmed the valuation of the magazine or sale price. Bradley purchased The Atlantic in 1999 for $10 million. Since then, it has flourished, and perhaps as a rarity for advertising-supported media, is a profitable business. Bradley will continue his role as operating partner and chairman for the next three-to-five years. In a letter to staff, he also said that Emerson Collective…

This story continues at The Next Web

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