April 24, 2018 1:52 AM ET

Media

Company Overview of Wenner Media LLC

Company Overview

Wenner Media LLC publishes periodical and magazines. The company also produces radio and television programs. Additionally, Wenner Media LLC operates web sites for its magazines Men’s Journal, Rolling Stone, and US Weekly. The company was formerly known as Straight Arrow Publishers, Inc. and changed its name to Wenner Media LLC in November 1993. Wenner Media LLC was founded in 1967 and is based in New York, New York. As of December 20, 2017, Wenner Media LLC operates as a subsidiary of Penske Media Corporation.

1290 Avenue of the Americas

2nd Floor

New York, NY 10104

United States

Founded in 1967

Phone:

212-484-1616

Fax:

212-484-3435

Key Executives for Wenner Media LLC

Founder, Chairman of the Board & President
Age: 71
General Manager of Rolling Stone Magazine and Deputy Attorney General
Senior Editor of Rolling Stone Magazine
Senior Editor of Rolling Stone Magazine
Executive Officer
Compensation as of Fiscal Year 2017.

Wenner Media LLC Key Developments

Wenner Media Explore Strategic Options For Rolling Stone

Wenner Media LLC announced that it has initiated a process to explore strategic options for its majority interest in Rolling Stone L.L.C. to best position the brand for future growth. "Rolling Stone is a uniquely powerful brand with enormous opportunities to succeed in today's environment. We have made great strides transforming Rolling Stone into a multi-platform company, and we are thrilled to find the right home to build on our strong foundation and grow the business exponentially," said Gus Wenner, president and Chief Operating Officer of Wenner Media. Methuselah Advisors, LLC has been retained as Wenner Media's financial advisor.

Wenner Media To Sell Men's Journal

Wenner Media LLC is seeking to sell Men's Journal. American Media Inc., which publishes The National Enquirer and agreed to buy Us Weekly from Wenner in March, planned to announce on June 22, 2017 that it would also buy Men’s Journal, a men’s lifestyle magazine, from Wenner. Both Wenner and American Media declined to disclose the terms of the deal. “We weren’t proactively on the market with Men’s Journal, but the opportunity came up, and it kind of fits in with our plans and our desire to really continue to grow Rolling Stone,” Gus Wenner, the head of digital operations at Wenner and the son of the company’s founder, Jann S. Wenner, said in an interview on Wednesday. “It just made sense.”

Tronc In Talks To Buy Us Weekly

tronc, Inc. (NasdaqGM:TRNC) is in talks to acquire Us Weekly LLC from Wenner Media LLC for a price between $85 million to $95 million. Tronc is likely pursuing the acquisition to add more celebrity-based content to its other print publications and online sites.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 20, 2017
--
Private Placement
December 20, 2017
--
Merger/Acquisition
June 30, 2017
Wenner Media LLC, Men's Journal
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