makes splashy media deal
Laurene https://www.londonbc.co.uk Powell Jobs, the widow of canada goose factory outlet Steve Jobs, is getting into the magazine business.
David Bradley, owner of the Atlantic, said he is selling majority control of the 160 year old publication to Emerson Collective, a not for profit institute that is controlled by Powell Jobs.
The deal involves only the Atlantic magazine, founded four years before the start of the Civil canada goose outlet new york city War. The other properties buy canada goose jacket cheap that are part of canada goose Atlantic Media including conferences and the National Journal, Quartz, and Government Executive will be retained by Bradley’s company.
“I want to canada goose uk black friday let you official canada goose outlet know that I am entering into canada goose outlet shop a partnership with Emerson Collective, the business and philanthropic venture of Laurene Powell Jobs,” Bradley wrote in a memo to staffers Friday.
Bradley is 64 and said canada goose outlet uk sale that none of his three children had expressed interest in canada goose store taking over canada goose outlet online uk the magazine. The plan goose outlet canada calls for Powell Jobs and the Emerson Collective to eventually acquire full control. Terms of the deal were not disclosed.
Bradley took over the then Boston based publication from real estate developer and Daily News owner Mort Zuckerman for $10 million in 1999. It Canada Goose online lost money every year Zuckerman owned it and was losing money for many years before that.
Bradley Canada Goose Jackets moved it to Washington, DC, and made a big push into digital offerings. The magazine reversed years canada goose outlet of financial misery and started posting a profit about three years ago. Today, the magazine and its related properties derive only about 20 percent of its total revenue from print.
“Against the odds, The Atlantic is prospering,” Bradley said in the memo. “While I will stay at the helm some canada goose outlet store years, the most consequential canada goose outlet decision of my career now is behind me: Who next canada goose clearance sale will take stewardship of this 160 year old national treasure? To me, the answer, in the form of Laurene, feels incomparably right.”
Bradley said he will stay on as chairman of the Atlantic magazine for three to five years.
Peter Lattman, a former media editor canada goose jacket outlet at the New York Times and now managing director at Palo Alto based Emerson Collective, canada goose outlet jackets will be adding the title of vice chairman Canada Goose Coats On Sale of Atlantic and will operate out of its New York offices, where the publication has sales and video production.
The editorial office is expected to remain in Washington and Jeffrey Goldberg and Bob Cohn are expected to canada goose outlet uk remain as editor in chief and president, respectively, under new ownership.