Emerson Collective Agrees to Take Majority Stake in The Atlantic

Emerson Collective, the organization founded by Laurene Powell Jobs, has agreed to acquire a majority stake in The Atlantic magazine, with full ownership possible in the coming years. David G. Bradley, chairman of Atlantic Media, will retain a minority stake and intends to continue running the magazine for the next three to five years. After that, Emerson Collective may purchase Mr. Bradley’s remaining interest.
Read more: https://www.nytimes.com/2017/07/28/business/media/atlantic-media-emerson-collective-majority-stake.html?source=Snapzu