Laurene Powell Jobs's Emerson Collective buys majority stake in The Atlantic
The Emerson Collective -- an organization led by Laurene Powell Jobs, the widow of former Apple Chief Executive Steve Jobs -- is buying a majority stake in The Atlantic, one of the longest-running publications in the U.S.
The current chairman and owner of Atlantic Media, David Bradley, announced the deal on Friday morning. While Bradley will keep a minority stake and remain chairman and operating partner for at least three to five years, he noted that Emerson will likely assume full control by the five year mark. A sale price hasn't been made public.
Emerson entered the picture after Bradley and his wife realized their three sons weren't interested in owning the publication. A list of 600 possible investors was drawn up, but Jobs was allegedly the only one actually approached.
The Atlantic notes that it's currently a profitable venture -- its print circulation is growing, and its web audience rose 36 percent in the first half of 2017.
The Emerson Collective is an unusual mix of non- and for-profit initiatives. While it advocates for education and immigration reform, it also has other media investments, such as movie production company Anonymous Content -- best known for titles like "Eternal Sunshine of the Spotless Mind" and "The Revenant."
The Atlantic's print edition dates back to 1857, and was co-founded by Ralph Waldo Emerson, from which the Emerson Collective takes its name. Some other famous founders included Oliver Wendell Holmes and Harriet Beecher Stowe.
Despite today's announcement, Bradley suggested that Jobs will likely only tour the Washington and New York offices of the publication in September.
The current chairman and owner of Atlantic Media, David Bradley, announced the deal on Friday morning. While Bradley will keep a minority stake and remain chairman and operating partner for at least three to five years, he noted that Emerson will likely assume full control by the five year mark. A sale price hasn't been made public.
Emerson entered the picture after Bradley and his wife realized their three sons weren't interested in owning the publication. A list of 600 possible investors was drawn up, but Jobs was allegedly the only one actually approached.
The Atlantic notes that it's currently a profitable venture -- its print circulation is growing, and its web audience rose 36 percent in the first half of 2017.
The Emerson Collective is an unusual mix of non- and for-profit initiatives. While it advocates for education and immigration reform, it also has other media investments, such as movie production company Anonymous Content -- best known for titles like "Eternal Sunshine of the Spotless Mind" and "The Revenant."
The Atlantic's print edition dates back to 1857, and was co-founded by Ralph Waldo Emerson, from which the Emerson Collective takes its name. Some other famous founders included Oliver Wendell Holmes and Harriet Beecher Stowe.
Despite today's announcement, Bradley suggested that Jobs will likely only tour the Washington and New York offices of the publication in September.
Comments
😆
Newspapers, magazines and news organizations... the playground of the elite to spread their viewpoint (and that includes Ted Turner and Rupert Murdoch).
"Founding sponsors were prominent writers, including Ralph Waldo Emerson; Oliver Wendell Holmes, Sr. Henry Wadsworth Longfellow; Harriet Beecher Stowe; John Greenleaf Whittier; and James Russell Lowell, who served as its first editor." :Wikipedia.
A recent example is the analogue vinyl disc recording. It will live on among those who can appreciate the medium. In the case of print, it's really the style of thinking that print embodies that will be preserved as an art form. The Atlantic is a prime example. I think Powell Jobs gets it.
Oh, was that the reason? It counted the question mark as part of the name; I see.
I wish there was a way for conservatives to be more progressive. But the fact is that to achieve a progressivist agenda in today's, you need to tax your neighbor and spend his money (i.e., break into his house, open his wallet, take a hefty chunk of his money, then spend it on the greater good). Conservatives who support a big military do the same thing -- they just don't like to admit it so loudly. Both sides tax-and-spend using force, seeing you will face harsh penalties if you refuse to contribute.
Rather than using forced taxation to press mankind forward, mankind needs to change his thinking such that we can willingly unite and move forward, whether that be on issues health care or space exploration. Until we can achieve that without force, there will always be a strong internal fight among us. The present or absence of The Atlantic will not change that.
Tradition is not the worship of ashes, but the preservation of fire. – Gustav Mahler
Societies are far gone in depravity when toleration is considered a good in itself, without regard to the thing tolerated. – A. K. Chesterton
I wish people actually knew what the word ‘progressive’ means.
And who dictates the greater good? Note: This is a trick question. If you were some of the other members here, I’d let them be caught in it.You eventually learn that there’s only one side represented in politics.
Mankind, left to his own free will and not forced at gunpoint by government, chooses not to unite. By doing so, he is happier, healthier, and actually moves forward, unlike other scenarios. Who is government to dictate otherwise?