Opinion: Laurene Powell Jobs Wants to Be a Press Savior, Not a Martyr

Billionaires who are brave enough to enter the publishing space don’t mind losing money on it—they call it “investing”—until the day they do. That day came today for Laurene Powell Jobs, who has owned the majority stake in Atlantic Media since 2017, and whose management just laid off 17 percent of its head count, cut pay for executives and put a freeze on salaries.

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