Emerson Collective Agrees to Take Majority Stake in The Atlantic

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.

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