After two years or so of expressing a desire to sell Rolling Stone, founder/owner Jann Wenner has now sold the remaining 51% of the magazine. (The other 49% was sold in 2016 to Singapore's Bandlab Technologies.) The magazine is now owned by Penske Media Corporation. Jay Penske is the owner of PMC, and the company owns other properties such as Variety, Indiewire, and Deadline Hollywood.

Issue #1317 finds the magazine reformatting as well. The magazine has returned to its oversized print format, similar to the magazine's style in previous decades before it shrank down to a more standard sized publication. Instead of publishing 26 times a year, the magazine is now a standard monthly publication. Jason Fine remains as the magazine's managing editor and Sean Woods is the deputy editor. Long running writers, including David Fricke, Andy Greene, Kory Grow, Brian Hiatt, Jamil Smith, and Peter Travers are still writing. Gus Wenner is now listed as president and COO.