Laurene Powell Jobs Taking Majority in The Atlantic

Laurene Powell Jobs, widow of Apple co-founder Steve Jobs and a philanthropist and investor who heads U.S. nonprofit Emerson Collective, is buying a majority stake in The Atlantic, the U.S. publisher said.

Jobs, 53, will share ownership of the magazine with the chairman and owner of Atlantic Media, David Bradley, reported Reuters.

"Against the odds, The Atlantic is prospering," Bradley, 64, wrote in a memo to Atlantic employees on Friday.

"While I will stay at the helm some years, the most consequential decision of my career now is behind me...the answer, in the form of Laurene, feels incomparably right," Bradley said.

Bradley, who began to consider future owners for the The Atlantic more than a year ago, and researched more than 600 possible investors, Atlantic Media said in a statement.

Bradley will own a minority stake in Atlantic Media and will continue to run the U.S. magazine for at least three to five years, the company said in the statement.

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