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by First Draught

 

Laurene Powell Jobs is buying The Atlantic

www.recode.net

Edmund Lee:

Jobs, in a statement, called the Atlantic “one of the country's most important and enduring journalistic institutions,” and cited the links between her organization, the Emerson Collective, and the Atlantic’s founder, Ralph Waldo Emerson, who “created a magazine whose mission was to bring about equality for all people.”

First of all, I had no idea Ralph Waldo Emerson was The Atlantic's original founder -- that's some great synergies in story (with Emerson Collective) right there. Second, I understand why people worry about billionaires buying up old journalistic institutions, but this isn't anything new. The people are just more wealthy from different sectors. And in some cases, that seems to be paying dividends (figuratively, if not yet literally). 

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