Wenner Media Sells 49 Percent Stake in Rolling Stone to BandLab

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This weekend Wenner Media, the parent company of Rolling Stone magazine, announced it would sell a 49 percent stake in the publication to BandLab, a cloud-based platform for musicians, owned by Kuok Meng Ru, son of Chinese billionaire Kuok Khoon Hong, reports Forbes. Already publishing four international editions, the magazine will publish a fourth, based out of Singapore. It will also expand the Rolling Stone brand through live events, merchandising and hospitality. Get all the details at Subscription Insider.

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