Laurene Powell Jobs Gains Majority Stake in 'The Atlantic' Magazine
Atlantic Media chairman David G. Bradley today announced that Emerson Collective is obtaining a majority stake in The Atlantic magazine.
Steve Jobs and Laurene Powell Jobs
Emerson Collective is an educational and philanthropic organization co-founded by Laurene Powell Jobs, the widow of Apple's late Steve Jobs.
Bradley will retain a minority stake in The Atlantic and will continue as chairman and operating partner for at least three to five years, at which point Emerson Collective may assume full ownership of the magazine.
The Atlantic is a monthly magazine with coverage areas ranging from politics and art to business and technology. It was founded in 1857 as The Atlantic Monthly in Boston, Massachusetts. The Atlantic also publishes on the web.
Bradley reported to his staff that he and his advisers had compiled a list of 600 potential investors, but ended up approaching only Powell Jobs as a potential partner, due to her ambition and presumably her philanthropic efforts as well.
In a statement, Powell Jobs praised The Atlantic for the breadth and scope of its purpose: to "bring about equality for all people; to illuminate and defend the American idea; to celebrate American culture and literature; and to cover our marvelous, and sometimes messy, democratic experiment."
Atlantic Media did not disclose how much Powell Jobs invested to gain a controlling stake in the magazine. At this time, the deal does not affect Atlantic Media's other brands, including Quartz, Government Executive, and National Journal.
Popular Stories
An iPhone 17 announcement is a dead cert for September 2025 – Apple has already sent out invites for an "Awe dropping" event on Tuesday, September 9 at the Apple Park campus in Cupertino, California. The timing follows Apple's trend of introducing new iPhone models annually in the fall.
At the event, Apple is expected to unveil its new-generation iPhone 17, an all-new ultra-thin iPhone 17...
Apple and Samsung have reportedly issued cease-and-desist notices to Xiaomi in India for an ad campaign that directly compares the rivals' devices to Xiaomi's products. The two companies have threatened the Chinese vendor with legal action, calling the ads "disparaging."
Ads have appeared in local print media and on social media that take pot shots at the competitors' premium offerings. One...
Apple is expected to unveil the iPhone 17 series on Tuesday, September 9, and last-minute rumors about the devices continue to surface.
The latest info comes from a leaker known as Majin Bu, who has shared alleged images of Apple's Clear Case for the iPhone 17 Pro and Pro Max, or at least replicas.
Image Credit: @MajinBuOfficial
The images show three alleged changes compared to Apple's iP...
Following the announcement of Apple's upcoming "Awe dropping" event, on this week's episode of The MacRumors Show we talk through all of the new accessories rumored to debut alongside the iPhone 17 lineup.
Subscribe to The MacRumors Show YouTube channel for more videos
We take a closer look at Apple's invite for "Awe dropping;" the design could hint at the iPhone 17's new thermal system with ...
