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Media investor Jay Penske takes controlling stake in Rolling Stone
He will help revive the financial health of the iconic magazine; founder Jann Wenner gets new role
New York
MEDIA investor Jay Penske on Wednesday announced a stake in Rolling Stone to revive the financial health of the iconic magazine of music and counterculture, with founder Jann Wenner preserving a role.
The investor's Penske Media did not reveal terms of the deal but several...
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