Late Steve Jobs widow to acquire majority stake in The Atlantic

London July 29 (IANS) Laurene Powell Jobs widow of late Apple founder Steve Jobs is buying a majority stake in The Atlantic magazine media reports said on Saturday.

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.

--IANS
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