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As a publisher and media figure, he has faced controversy regarding Hall of Fame eligibility favoritism, the breakdown of his relationship with gonzo journalist Hunter S. Thompson, and criticism that his magazine's reviews were biased. Wenner, who was made a member of the Rock and Roll Hall of Fame Foundation in 1983, has endured controversy during his career as it relates to his involvement in the organization. Revenue is generated through advertising and subscription sales. In June 2007, Monkees bassist Peter Tork alleged to the New York Post that Wenner is excluding the group: [Wenner] "doesn't care what the rules are and just operates how he sees fit. Wenner then asked Thompson to travel to Vietnam to report on what appeared to be the closing of the Vietnam War. Rolling Stone and Jann Wenner are chronicled in three books, Gone Crazy and Back Again by Robert Sam Anson, Rolling Stone: The Uncensored History, and Sticky Fingers:The Life and Times of Jann Wenner and Rolling Stone Magazine by Joe Hagan. Fans and supporters of several artists have placed a large amount of blame on Wenner for keeping them out of the Hall of Fame. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. The magazine's circulation dipped briefly in the late 1970s and early 1980s as Rolling Stone responded slowly in covering the emergence of punk rock and again in the 1990s, when it lost ground to Spin and Blender in coverage of hip hop. [4] He grew up in a secular Jewish family. In September 2016, Advertising Age reported that Wenner was in the process of selling a 49% stake of Rolling Stone to a company from Singapore called BandLab Technologies. [5], His parents divorced in 1958, and he and his sisters, Kate and Merlyn, were sent to boarding schools. In December 2017, PMC acquired a controlling interest in Wenner Media, parent company of Rolling Stone, at a valuation just over $100 million, according to sources close to the transaction. Together, Wenner and Nye have three adopted children, Noah and twins Jude and India Rose. Rolling Stone is owned by Penske Media Corporation, which is a digital media publisher that publishes more than 20 brands including Variety and Deadline Hollywood. His interview subjects have included: Bill Clinton, Al Gore, John Kerry, and Barack Obama for the magazine during their election campaigns and in November 2005 had an interview with U2 rockstar Bono, which focused on music and politics. The magazine made the transition from a monthly to a weekly in 2000. [22], Wenner fired rock critic Jim DeRogatis in 1996 after DeRogatis published a negative review for an album by the then-popular band Hootie and the Blowfish. Since taking control of Rolling Stone in late 2017, P.M.C. Later in his career, Wenner co-founded the Rock and Roll Hall of Fame and has founded other publications. The new investor would have no direct involvement in the editorial content of the magazine. Nobody cares now except him. Variety and the Flying V logos are trademarks of Variety Media, LLC. We continue to have shared goals and will continue to collaborate in the future. Media owns Variety, Women 's Wear Daily, IndieWire, and other titles Gleason, Rolling. Adopted children, Noah and twins Jude and India Rose a National magazine Award nomination to... Of several artists have placed a large amount of blame on Wenner for keeping them out the. 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