Rolling Stone magazine has been an icon in the music industry for decades. Founded in San Francisco in 1967 by Jann Wenner (who is still at the helm of the publication today) and music critic Ralph J. Gleason, it started off as a counterculture rag featuring work by gonzo journalist Hunter S. Thompson & other zany authors.
The New York Times has reported that Jann Wenner is looking to pursue a sale of the magazine but hopes to maintain he and his son’s participation in the production of the bi-weekly. However, they said they’d be understanding if the new owners opted to move on without their involvement.
Rehashing an old Bob Dylan quote, Wenner told the Times that “if you’re not busy being born, then you’re busy dying,” noting that as a 71-year old he may be a little out of touch and “it’s time for young people to run it.” Wenner is hoping someone with “lots of money” will be able to breathe new life into the magazine.
Veteran Rolling Stone critic and editor Anthony DeCurtis had this to say, “That sense of the magazine editor’s hands on the magazine – that’s what’s going to get lost here. I don’t know who’s going to be able to step in and do that anymore.”