Wenner will stay with the company as editorial director, and his son Gus Wenner, who is the president and COO of Wenner Media, will remain in that position and join PMC's Advisory Board.
But Penske's portfolio, which is primarily tilted toward trade publications, does include print titles, like Variety.
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Sheriff's officers spotted the couple's truck crossing the center line and failing to signal, so they pulled it over. During the traffic stop, deputies noticed a strong smell of raw marijuana, the sheriff's department says.
While financial terms weren't disclosed, a source familiar with the deal told the New York Times the acquisition is believed to be valued at close to $100 million. Rolling Stone reaches a reported audience of 60 million people per month through its platforms.
"I am so proud of our accomplishments over the past 50 years and know Penske Media is the ideal match for us to thrive in today's media landscape", said Janne Wenner said in a statement.
It then sold two other titles it also owned to help pay off some long-term debts, before indicating in September that it was now considering bids for the other 51% of the business.
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The feature would not immediately be available in Canada and the European Union, Facebook said. After switching it on, it will recognize your photos on Facebook and will notify you.
PMC has a track record of success in the digital sphere and plans to apply that experience to Rolling Stone's online presence.
Writers who found a home at Rolling Stone included P.J.
Variety, which was bought by Penske in 2012, reports that several bidders were kicking the company's tires before Penske's announcement last night: Azoff MSG Entertainment CEO Irving Azoff and Madison Square Garden chairman James Dolan; Rizvi Travers, owner of Playboy; and Todd Boehly, the owner of Billboard, The Hollywood Reporter, SPIN, Vibe and Stereogum (all within a group that is reportedly up for sale itself). Wenner was infamously dismissive of the Internet as it burgeoned into the dominant force in media around the turn of the century, "farming out" management of RollingStone.com to outside companies, according to Joe Hagan's recent biography of Wenner, Sticky Fingers. Penske Media is hoping to take the magazine into the future.
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The user talked about the " iPhone 6s battery fiasco" wherein the smartphone switched off even with 40% remaining battery. Poole wrote: "The difference between 10.2.0 and 10.2.1 is too abrupt to be just a function of battery condition".
Second, his refusal to offload Rolling Stone at the height of its value a few years later, around 2008. But he'll still be able to keep a piece - presumably a small one - of the property that allowed him to become a media star himself.