Gillian B. White, reporting for The Atlantic:
David G. Bradley, the chairman and owner of Atlantic Media, is
announcing this morning that he is selling a majority stake in
The Atlantic to Emerson Collective, an organization led by
philanthropist and investor Laurene Powell Jobs. Bradley will
retain a minority stake in The Atlantic and will continue as
chairman and operating partner for at least three to five years.
In a letter to his staff, Bradley wrote that Emerson Collective
will most likely assume full ownership of The Atlantic within
Reminds me of Jeff Bezos’s acquisition of The Washington Post — a wealthy steward who can bankroll essential and good journalism.