Laurene Powell Jobs Acquires Majority Stake in The Atlantic

Laurene Powell Jobs Acquires Majority Stake in The Atlantic

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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.

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Laurene Powell Jobs Acquires Majority Stake in The Atlantic

iGuy - July 28, 2017 at 8:57pm
Not exactly an iStory.
Yo - July 28, 2017 at 4:45pm
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.
Beautiful? - July 28, 2017 at 10:23pm
Did I just read you saying she is "beautiful"? Physically she is NOT. Please don't try to confuse us.
Sumone+ofyour - July 29, 2017 at 11:24pm
You must be angelic looking. You obviously wound not do the same. I’m going to on a limb and assume you’re just that shallow. Mrs. Jobs is great and she is beautiful!