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Late Steve Jobs' Widow to Acquire Majority Stake in The Atlantic

Emerson Collective -- the social justice organisation led by Laurene Jobs -- has agreed to acquire a majority stake in the magazine, David G Bradley, Chairman and current owner of Atlantic Media was quoted as saying in The Atlantic

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Updated:July 31, 2017, 10:05 AM IST
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Late Steve Jobs' Widow to Acquire Majority Stake in The Atlantic
Late Steve Jobs' Widow to Acquire Majority Stake in The Atlantic (photo for representation, image: New18)
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Laurene Powell Jobs, the widow of late Apple founder Steve Jobs, is buying a majority stake in The Atlantic magazine, media reports said on Saturday. Emerson Collective -- the social justice organisation led by Laurene Jobs -- has agreed to acquire a majority stake in the magazine, David G Bradley, Chairman and current owner of Atlantic Media was quoted as saying in The Atlantic.

Bradley will continue to hold a minority stake in the publication and plans to run it for the next three to five years. "While I will stay at the helm some years, the most consequential decision of my career now is behind me: Who next will take stewardship of this 160-year-old national treasure," Bradley, 64, wrote in a note to employees.

Laurene Job's entry into the journalism industry is in line with the recent trend among tech honchos. In 2012, Chris Hughes, co-founder of Facebook purchased a portion of the New Republic.

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