Laurene Powell Jobs Buys Majority Stake in the Atlantic

 

Laurene Powell Jobs, the widow of Apple Inc. co-founder Steve Jobs, is acquiring a majority stake in the Atlantic magazine through Emerson Collective, her philanthropic organization.

Ms. Powell Jobs is the latest billionaire to take an active interest in the future of news. Amazon founder Jeff Bezos bought the Washington Post in 2013 for $250 million. Since the acquisition, the Washington Post has become noticeably stronger in their technology, storytelling and overall offering.

The acquisition of the Atlantic provides solid footing for the publication that was founded in 1857.

Emerson Collective has invested in a number of media companies including Axios and the production company behind “Spotlight.”

See the announcement from the Atlantic here.

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