Emerson Collective -- the social justice organisation led by Laurene Jobs -- has agreed to acquire a majority stake in the magazine, David G Bradley, Chairman and current owner of Atlantic Media was quoted as saying in The Atlantic.
Bradley will continue to hold a minority stake in the publication and plans to run it for the next three to five years.
"While I will stay at the helm some years, the most consequential decision of my career now is behind me: Who next will take stewardship of this 160-year-old national treasure," Bradley, 64, wrote in a note to employees.
Laurene Job's entry into the journalism industry is in line with the recent trend among tech honchos.
In 2012, Chris Hughes, co-founder of Facebook purchased a portion of the New Republic.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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