In May, the Atlantic magazine, of which Emerson owns a majority stake, announced it was cutting 68 jobs, or 17% of its workforce, citing the loss of revenue from in-person events due to the pandemic.
Pop-Up Magazine is a multimedia storytelling project known for its live touring show, which has included stops at venues like Lincoln Center in New York. California Sunday focused on feature stories and photography. It has been a finalist for more than a dozen National Magazine Awards since launching in 2014, including the top prize three of the past four years.
At a 2017 DealBook conference, Powell Jobs explained why she was investing in the media industry.
“We know the business model is weakened, and we also feel that that kind of shoring up and that kind of belief, and the kind of patient capital that we can bring to media companies, is essential for the health and well-being of our democracy,” she said.
This article was provided by Bloomberg News.