'Rolling Stone' Managing Editor Will Dana to Exit Amid Retracted Rape Story Fallout

Rolling Stone managing editor Will Dana is stepping down from his post at the magazine as fallout continues from the retracted gang rape story about a University of Virginia fraternity. 

Dana's last day with Rolling Stone is set for Aug. 7, and he is not heading to another job, the New York Times reports. A replacement for the position has yet to be named. 

In a statement to the Times regarding whether the departure is tied to the controversy over the rape story, Rolling Stone publisher Jann Wenner said in a statement that "many factors go into a decision like this." 

'Rolling Stone' Hit With Layoffs

Dana said in a statement that, "after 19 years at Rolling Stone, I have decided that it is time to move on."

"It has been a great ride, and I loved it even more than I imagined I would," he continued. "I am as excited to see where the magazine goes next as I was in the summer of 1978 when I bought my first issue."

Controversy over the discredited story continues to linger, as three University of Virginia graduates and members of the fraternity named in the story filed a lawsuit Wednesday against Rolling Stone and the author of the article.

Wenner Media, the parent company of Rolling Stone, recently saw across the board layoffs in both edit and business roles. More than a dozen staffers, including senior talent, were let go, THR reported on June 17.

This article originally appeared in THR.com.