June 16, 2024
Laurene Powell Jobs Acquires Majority Stake in The Atlantic

Laurene Powell Jobs Acquires Majority Stake in The Atlantic

Posted July 28, 2017 at 3:06pm by iClarified
Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs, has acquired a majority ownership stake in The Atlantic.

David G. Bradley, the chairman and owner of Atlantic Media, announcing this morning that he is selling a majority stake in The Atlantic to Emerson Collective, an organization led by philanthropist and investor Laurene Powell 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.

Bradley told staff in a letter that Emerson Collective will likely assume full ownership within five years.

Powell Jobs founded Emerson Collective in 2004 to invest in nonprofit and entrepreneurial efforts that bring about immigration and education reform. The collective has significant investments in media, including movie-production companies and startups. She notes that Ralph Waldo Emerson, a co-founder of The Atlantic inspired the name and mission of her organization.

Powell Jobs applauded the The Atlantic for 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."

The acquisition deal does not cover the Atlantic Media's other brands - Quartz, Government Executive, and National Journal. However, they could eventually be divested separately.

Read More

Laurene Powell Jobs Acquires Majority Stake in The Atlantic
Add Comment
Would you like to be notified when someone replies or adds a new comment?
Yes (All Threads)
Yes (This Thread Only)
iClarified Icon
Would you like to be notified when we post a new Apple news article or tutorial?
Comments (2)
You must login or register to add a comment...
iGuy - July 28, 2017 at 8:57pm
Not exactly an iStory.
Norman Abbott, Jr.
Norman Abbott, Jr. - July 28, 2017 at 3:31pm
What a beautiful woman and how lucky they both were to be in each other's arms. Steve would have been so proud of the woman she has become. Thank you to the Jobs' for all you done and continue to do for your fellow citizenry.
Recent. Read the latest Apple News.
Tutorials. Help is here.
Where to Download macOS Monterey
Where to Download macOS Ventura
AppleTV Firmware Download Locations
Where To Download iPad Firmware Files From
Where To Download iPhone Firmware Files From
Deals. Save on Apple devices and accessories.