PT a&e Media, publisher of Rolling Stone Indonesia magazine and Rolling Stone.co.id, has shut down the publication in the country. According to a notice on its website, the publisher revealed that it no longer held the license of both the magazine and website to operate in the jurisdiction on the Indonesian state.
It added that any ownership of the brand under the name Rolling Stone Indonesia, or associated with Rolling Stone Indonesia, has been returned to the brand owner based in New York and to Rolling Stone International.
“We would like to thank our employees for their dedication in Rolling Stone Indonesia for 12 years. A huge thanks from Rolling Stone Indonesia family to all our readers, clients, relatives, musicians, bands, labels, guest writers, and parties for your help over the 12 years journey of Rolling Stone Indonesia. Warm greetings from all of us,” a notice from the cached version of the now defunct website wrote.
The move also saw the departure of Rolling Stone Indonesia editor in chief Adib Hidayat, who revealed that his last day was on 29 December 2017.
Tanggal 29 Desember 2017 menjadi hari terakhir saya bekerja di Rolling Stone Indonesia. Terimakasih untuk semua pihak yang telah banyak membantu kami selama lebih dari 12 tahun ini.
— ADIB HIDAYAT (@AdibHidayat) December 30, 2017
Last year, Rolling Stone was put up for sale, according to the New York Times. Ahead of the magazine’s 50th anniversary, founder Jann Wenner decided to relinquish ownership to the highest bidder. Wenner Media, which sold off a 49% stake in Rolling Stone to Singapore-based Bandland Technologies in 2016, announced that it has retained Methuselah Advisors to explore “strategic options for its majority interest in Rolling Stone to best position the brand for future growth.”