A spokesperson for Penske Media Corporation, which owns the magazine, said that Rolling Stone does not allow paid content to run as editorial in any context, and that all such content was clearly labelled. Pieces already published as part of the scheme include a set of positive predictions for the future of the cannabis industry by a PR executive who represents a cannabis producer, and a piece praising the social nature of sports betting by the founder of an online sports betting community. PMC bought the rest of the company in We want to retain that position. Since then, Pitchfork reported last year , PMC has attempted to launch a Rolling Stone chart service, run more music industry coverage, and added paywalls. While many media companies — including the Guardian — feature clearly signposted branded content on their websites, it is less common for a major journalism brand to offer third parties, including PR professionals, the chance to pay to write pieces for publication.
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