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Laurene Powell Jobs Gains Majority Stake in 'The Atlantic' Magazine
Atlantic Media chairman David G. Bradley today announced that Emerson Collective is obtaining a majority stake in The Atlantic magazine.
Steve Jobs and Laurene Powell Jobs
Emerson Collective is an educational and philanthropic organization co-founded by Laurene Powell Jobs, the widow of Apple's late Steve 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, at which point Emerson Collective may assume full ownership of the magazine.
The Atlantic is a monthly magazine with coverage areas ranging from politics and art to business and technology. It was founded in 1857 as The Atlantic Monthly in Boston, Massachusetts. The Atlantic also publishes on the web.
Bradley reported to his staff that he and his advisers had compiled a list of 600 potential investors, but ended up approaching only Powell Jobs as a potential partner, due to her ambition and presumably her philanthropic efforts as well.
In a statement, Powell Jobs praised The Atlantic for the breadth and scope of 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."
Atlantic Media did not disclose how much Powell Jobs invested to gain a controlling stake in the magazine. At this time, the deal does not affect Atlantic Media's other brands, including Quartz, Government Executive, and National Journal.
Emerson Collective is an educational and philanthropic organization co-founded by Laurene Powell Jobs, the widow of Apple's late Steve 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, at which point Emerson Collective may assume full ownership of the magazine.
The Atlantic is a monthly magazine with coverage areas ranging from politics and art to business and technology. It was founded in 1857 as The Atlantic Monthly in Boston, Massachusetts. The Atlantic also publishes on the web.
Bradley reported to his staff that he and his advisers had compiled a list of 600 potential investors, but ended up approaching only Powell Jobs as a potential partner, due to her ambition and presumably her philanthropic efforts as well.
In a statement, Powell Jobs praised The Atlantic for the breadth and scope of 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."
Atlantic Media did not disclose how much Powell Jobs invested to gain a controlling stake in the magazine. At this time, the deal does not affect Atlantic Media's other brands, including Quartz, Government Executive, and National Journal.
Tag: Laurene Powell Jobs
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34 months ago
I wonder what the rationale was in naming her "Steve Jobs's Widow" when she was born. Quite an odd choice of name.
34 months ago
I wonder what the rationale was in naming her "Steve Jobs's Widow" when she was born. Quite an odd choice of name.
Because that's who she is.
34 months ago
I thought no one reads magazines any more, who is waiting a month to get the news?
The Atlantic is not exactly a newspaper. It excels in longer form, more in-depth journalism. One of the few "News" outlets I actually enjoy pretty consistently!
34 months ago
Umm...we are NOT an experiment and we are NOT a Democracy (chaos)...we are a representative Constitutional Republic...
34 months ago
Title doesn't even mention her name. Nice.
I wonder what the rationale was in naming her "Steve Jobs's Widow" when she was born. Quite an odd choice of name.
Fair enough. I added her name. No foul intended.
“Chairman?” Wouldn’t it be chairwoman? Lol
Nonetheless, I welcome any news about the Jobs family. I wish them all the best!
The only mention of chairman in this article refers to David Bradley.
34 months ago
Glad she seems to enjoy a mostly quiet life, good thing Apple is a small company and she dosent see the logo and think of Steve every day......oh wait.
I suspect when you spend your life with someone and they die early of an awful disease it doesn't take a logo to remind you of them.
34 months ago
Laurene Powell Jobs Is a beech who only cares about money.
This is the most baseless thing I’ve read all week!
Ummm, she had no problem with Steve getting paid $1/year, as they lived off of dividends from Disney stock-
He died w/ a net worth of $10 billion, after roughly 40 years as a tech pioneer; whereas (relative) newcomer, Zuckerberg... in a MUCH more isolated industry, has a net of $70 billion & rising.
If we can say one thing of the Jobs, it’s that: as incredibly wealthy families go- they seem to be NOT money grubbing or excessively prone to being ostentatious.
The silly name calling & verbal attack/groundless accusation seemed inappropriate to me.
34 months ago
Fair enough. I added her name. No foul intended.
The only mention of chairman in this article refers to David Bradley.
My apologies, I misread the article. I edited out my blunder in the original comment.
Thanks for this quality article and adding Laurene’s name. :)
34 months ago
This is the most baseless thing I’ve read all week!
Ummm, she had no problem with Steve getting paid $1/year, as they lived off of dividends from Disney stock-
He died w/ a net worth of $10 billion, after roughly 40 years as a tech pioneer; whereas (relative) newcomer, Zuckerberg... in a MUCH more isolated industry, has a net of $70 billion & rising.
If we can say one thing of the Jobs, it’s that: as incredibly wealthy families go- they seem to be NOT money grubbing or excessively prone to being ostentatious.
The silly name calling & verbal attack/groundless accusation seemed inappropriate to me.
Steve is a visionary who changed our lives for the greater good. zuckerbug is a parasite who got lucky with a social media webpage. The sooner Facebook dies the happier people will become.
Mrs Jobs seems very level headed from what I’ve read. It would be very hard for any of us to deal personally with Steve’s legacy. I mean, think of his kids who everyday around them see how their iconic dad changed the world.
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