Rolling Stone, iconic music magazine, looks for buyer

Rolling Stone last year sold a 49 percent stake to a Singaporean music and technology start-up, BandLab Technologies. (Shutterstock)
Updated 18 September 2017
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Rolling Stone, iconic music magazine, looks for buyer

NEW YORK: Rolling Stone, the iconic 50-year-old magazine of music and counterculture, is putting itself up for sale amid an increasingly uncertain outlook, its founder said.
Jann Wenner — who started Rolling Stone in 1967 as a hippie student in Berkeley, California and now runs it with his son Gus — told The New York Times that the future looked tough for a family-run publisher.
“There’s a level of ambition that we can’t achieve alone,” Gus Wenner told the newspaper in an interview published late Sunday.
“So we are being proactive and want to get ahead of the curve,” he said.
One of the most influential magazines covering rock music, Rolling Stone has also been a home for experimental writers such as the gonzo journalist Hunter S. Thompson.
But the magazine’s reputation — and finances — were badly damaged when it retracted a 2014 story about an alleged gang rape at the University of Virginia, with a review finding that Rolling Stone did not undertake basic journalistic procedures to verify the facts.
Rolling Stone last year sold a 49 percent stake to a Singaporean music and technology start-up, BandLab Technologies, which is headed by Kuok Meng Ru, the scion of one of Asia’s richest families.
It was not immediately known if Kuok would want to take a controling stake in Rolling Stone.
The Wenner family earlier this year sold its other two titles — celebrity magazine US Weekly and lifestyle monthly Men’s Journal — to American Media, Inc., a publisher of supermarket tabloids including The National Enquirer.
If American Media, Inc., were interested in Rolling Stone, it would mark a sharp change in owners’ ideologies.
The tabloid empire is led by David Pecker, an ardent ally of President Donald Trump, while Rolling Stone tilts strongly to the left and has featured lengthy interviews with Democratic presidents Barack Obama and Bill Clinton.
Jann Wenner, 71, who is also a key force behind the Rock and Roll Hall of Fame, said that he hoped to keep an editorial role at Rolling Stone but that the decision would be up to its new owner.


Lost stars and World Cup hot topics on Google in 2018

Updated 12 December 2018
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Lost stars and World Cup hot topics on Google in 2018

  • An annual summary of “top trending searches” released Tuesday by the world’s most popular online search engine was meant to reflect fresh subjects or names in which interest rocketed this year

SAN FRANCISCO: The World Cup topped a list of this year’s hottest Google search topics that turned quickly to lost stars such as Avicii, Mac Miller and Stan Lee.
An annual summary of “top trending searches” released Tuesday by the world’s most popular online search engine was meant to reflect fresh subjects or names in which interest rocketed this year.
The top term for general search as well as in a news category was “World Cup” football.
But, seven of the 10 most keenly pursued new searches for the year globally centered on rising stars or established icons who passed, among them Anthony Bourdain, Stephen Hawking and Kate Spade.
The list of top trending searches globally included US actress Meghan Markle, who married British Prince Harry, and a “Black Panther” film that debuted this year.
The Royal Wedding was ranked the fourth hottest trending topic in news, after the World Cup, Hurricane Florence, and the results of a Mega Millions lottery.
Sizzling general search topics in the United States to a large degree reflected global trends at Google this year, but the Top 10 list here included “election results” from keenly watched midterm elections.