Steve Jobs’ Widow Buys The Atlantic Magazine

NEW YORK (AP) — Philanthropist Laurene Powell Jobs, the widow of Apple founder Steve Jobs, is buying a majority stake in The Atlantic magazine.

The value of the sale, made through Jobs’ organization, Emerson Collective, was not disclosed.

The Atlantic was founded in Boston in 1857. David Bradley bought it 1999 from New York Daily News publisher Mort Zuckerman for $10 million, according to an Atlantic story Friday. He moved the magazine to Washington in 2005.

Bradley’s company says he will continue to run The Atlantic for the next three to five years, and its editor-in-chief, president and publisher will keep running daily operations.

Emerson Collective, which focuses on education, immigration reform and environmental causes, has other media investments and grants in film, TV production and journalism.

TM and © Copyright 2017 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2017 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten. The Associated Press contributed to this report.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS San Francisco

Get The New CBS SF Bay Area Local App
Got Our Weather App?
LIVE: Monday through Friday from 3am – 3pm PST

Watch & Listen LIVE