Wenner Media is selling Rolling Stone, its last magazine brand, just shy of its 50th anniversary. The publisher sold its other two magazines, Us Weekly and Men’s Journal, to American Media Inc. earlier this year. It continues to publish Glixel, its video-games site launched last November. “I love my job, I enjoy it, I’ve enjoyed it for a long time,” founder Jann Wenner, 71, told The New York Times, which broke the story. Wenner added that letting go of the title is “just the smart thing to do.” “Publishing is a completely different industry than what it was,” he told the NYT. “The trends go in one direction, and we are very aware of that.” Once known as the counterculture music, pop-culture and entertainment magazine founded by Wenner in 1967, the publication has recently been caught in controversy. That includes a huge blow to its reputation when it retracted a discredited 2014 article about a rape at the University of Virginia. Rolling Stone was hit with three libel lawsuits as a result, and has had to pay $3 million in damages. Click Read More below for more of the story.
The supply crunch that has dogged the global shipping industry could worsen before it gets better, with new challenges ranging from crew retention to wage inflation.
That’s a warning from executives at Wah Kwong Maritime Transport, a privately owned shipping company based in Hong Kong. They caution that contrasting approaches to containing the virus continues to disrupt the turnover and repatriation of seafarers landing at ports around the world.
“There’s a real squeeze that we’re starting to see in terms of the disappearing applications for seafarers,” William Fairclough, managing director at Wah Kwong, said in an interview. “For certain types of ships, it may become very difficult to actually find the crew and you may get delays because of that. That’s conceivable, it’s never been the case before.”
The mental toll for seafarers on the front line of the pandemic disruption and concerns over travelling to countries deemed high risk for the virus are helping to drive wages higher, according to Hing Chao, executive chairman of Wah Kwong.
more at source: https://www.bloomberg.com/news/newsletters/2021-11-03/supply-chain-latest-crew-shortages-threaten-to-worsen-ship-crisis