Wenner Media

A federal court jury on Monday awarded $3 million in damages to a University of Virginia administrator that it previously found was defamed by Rolling Stone magazine's now-retracted story of a gang rape, court documents show.

The acquisition could lift the music magazine's brand in Asia, where its name does not go as far. It also highlights the struggles of the publishing industry as advertising revenues fall in an increasingly competitive online age.

A federal court jury on Monday awarded $3 million in damages to a University of Virginia administrator that it previously found was defamed by Rolling Stone magazine's now-retracted story of a gang rape, court documents show.

The acquisition could lift the music magazine's brand in Asia, where its name does not go as far. It also highlights the struggles of the publishing industry as advertising revenues fall in an increasingly competitive online age.