Rolling Stone hopes to gather new moss
Jann Wenner, who started the iconic entertainment magazine in 1967, is selling his controlling stake but hopes to still be employed
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New York
FROM a loft in San Francisco in 1967, a 21-year-old named Jann S Wenner started a magazine that would become the counter-culture bible for baby boomers. Rolling Stone defined cool, cultivated literary icons and produced star-making covers that were such coveted real estate they inspired a song.
But the headwinds buffeting the publishing industry, and some costly strategic missteps, have steadily taken a financial toll on Rolling Stone.
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