Penske Media Corp. has acquired a 51% stake in the parent company of Rolling Stone magazine that values Wenner Media at $100 million.
While the Rolling Stone still faces ramifications from an error-filled story concerning a gang rape at the University of Virginia three years ago, it was once considered one of the premier illustrations of the music industry, as well as popular culture.
Rolling Stone publishes about 18 times a year and reported a paid circulation of 1.47 million in the first half of 2017. It also publishes 12 international editions, which reach a worldwide audience of over 65 million people.
We took a look at some of the most iconic Rolling Stone covers of all-time.
Watch More with TheStreet:
- Watch: Here Is Everything You Need to Know About the Stock Market in 2018
- Five of 2017's Biggest Tech Moments: Video
- Here Is What to Expect From the IPO Market in 2018
- Kawasaki Unveils Z 900 RS Motorcycle in Time for Holidays