Owner explores options for ‘Rolling Stone’ magazine

The owner of Rolling Stone magazine said it’s exploring strategic options for its majority stake, signaling co-founder Jann Wenner is preparing to relinquish control of the half-century-old iconic music publication.

Wenner Media hired Methuselah Advisors, the company said, but didn’t say whether Mr Wenner is in talks with any potential suitors.

Founded in 1967, Rolling Stone became a fixture of American pop culture, helping launch the careers of writers and creative artists over 50 years. But like many of its peers, the magazine has steadily lost advertising and readership to nimbler online alternatives over the years.