HITS Daily Double


Insiders are telling us that, for the first time in its 53-year history, Rolling Stone is Wenner-less. Founder Jann Wenner and his son, President/COO Gus Wenner, are leaving the building as the new PMRC regime takes over.

Penske Media, owner of Variety and Deadline, owns 100% of the storied publication, having first acquired a majority control in 2017. At the time, Jann was given a three-year contract that expires at the end of this year, staying on in the largely ceremonial role of Editorial Director. We’re told the contract is not being renewed, as the owners of Billboard, Hollywood Reporter and Variety build out their new trade publication behemoth. Stay tuned.