penske media corporation owner

More to come soon. In 2012, Penske Media Corporation bought Variety. Penske Media Corporation was founded by Jay Penske in 2003. [7][8][9][10], In February 2010, MMC finalized and announced a joint venture with Zee TV, one of India's leading TV networks, on the creation of the new India.com web portal and seven other portals. Variety has covered Hollywood since 1905 and is still considered a prominent entertainment news source. Deadline parent Penske Media Corporation has acquired IndieWire from SnagFilms for an undisclosed amount. [7][8][9][10], In February 2010, MMC finalized and announced a joint venture with Zee TV, one of India's leading TV networks, on the creation of the new India.com web portal and seven other portals. [31] Rolling Stone is an American monthly magazine that focuses on popular culture. [26] Additional acquisitions from 2017–18 include SHE Media, Sourcing Journal,[27][28] and Art Media Holdings which includes Art in America and ARTnews. Two years later, W.W.D. [34][35], On April 2, 2020, PMC announced that it would launch Sportico—a new vertical focusing on the sports industry. Related … Two of Fairchild's properties, Style.com and W, remained under Condé Nast's ownership. Byrne’s decades of accomplishments as a media executive, entrepreneur and community leader are highlighted by a long run as publisher of Variety where he dramatically … PMC's Chairman and CEO since founding is Jay Penske. An integral component of life at PMC, employees are encouraged to donate 2% of their time or income annually to the non-profit of their choosing. (Disclosure: Roger Penske is the father of Jay Penske, who owns this publication, as well as its sister publications in the Penske Media portfolio.) [21] In January 2016, PMC acquired independent film and television platform, Indiewire from SnagFilms, Inc. for an undisclosed amount of money. MMC moved the blog to a new URL (BGR.com) and also introduced a broader spectrum of technology coverage. [11] The site was designed to compete with other portals like Indiatimes.com, Yahoo, and Rediff.com. The Robb Report is an American English-language luxury-lifestyle magazine featuring various products, including automobiles, aviation, boating, real estate, and watches. Penske Logistics. Geller remained the website's Editor in Chief after the sale. @sportico would like to welcome the first members of our editorial team: @McCannSportsLaw , @novy_williams , @HowieLongShort , @pjschwartz1 , @Boomskie , @JacobFeldman4 and @LevAkabas . 310-321-5000. [16] The paywall was officially taken down on March 1, 2013 and, after being published for 80 years, the last print edition of Daily Variety was issued on March 19, 2013 and a redesigned Variety magazine launched on March 26, 2013. 2675 Morgantown Road Reading, PA 19607 610-775-6000. Fairchild Fashion Media is a digital media, publishing, and events company that owns multiple fashion-related content properties. [25] In 2018, it expanded further into music with an investment in BuzzAngle Music. Penske Media Corporation (PMC) is an American digital media, publishing, and information services company based in Los Angeles and New York City. The new owner of Variety is having a bit of buyer’s remorse.. Penske, the 42-year-old son of automotive titan Roger Penske, has emerged as a quietly influential media executive in recent years, albeit one who generally prefers to fly under the radar. Green Hills Office Campus Address. We're halfway there. It publishes more than 20 digital and print brands, including Variety, Rolling Stone, WWD, Deadline Hollywood, BGR, and others. [17], In late 2014, PMC purchased Fairchild Fashion Media from Condé Nast for just under $100 million. The website had previously been operated by publisher, LA Weekly. PMC purchased Fairchild properties from Condé Nast in late 2014. Penske Media Corp. acquires majority stake in the owner of Rolling Stone Mick Jagger, left, and Keith Richards grace the cover of the Dec. 11, 1997, issue of Rolling Stone. Variety Media and racing heir Jay Penske's Penske Media Corp. have filed a second lawsuit charging that when it … Over the past decade or so, Penske Media Corp. Chairman and CEO Jay Penske, the youngest son of famed billionaire racing-team owner Roger Penske, has … In the 1990s, the magazine shifted focus to a younger readership interested in youth-oriented television shows, film actors, and popular music.[32]. The Robb Report is an American English-language luxury-lifestyle magazine featuring various products, including automobiles, aviation, boating, real estate, and watches. [16] The paywall was officially taken down on March 1, 2013 and, after being published for 80 years, the last print edition of Daily Variety was issued on March 19, 2013 and a redesigned Variety magazine launched on March 26, 2013. [15] PMC received financial backing from the hedge fund, Third Point LLC. The website had previously been operated by publisher, LA Weekly. [15], PMC first became the majority owner of Rolling Stone by purchasing a 51 percent stake in the company from Wenner Media in 2017,[25] and then acquired the 49 percent stake held by BandLab Technologies in January 2019 to become its full owner. MRC, publisher of … [12] In April 2010, MMC purchased Jonathan Geller's Boy Genius Report (BGR), a tech and gadget blog, for an undisclosed amount of money. [33], Hollywoodlife.com is an entertainment, celebrity, and fashion news website founded and run by former US Weekly, Marie Claire, and Glamour editor, Bonnie Fuller. [13] The Gold Derby Awards (or "Gold Derby TV and Film Awards") are awards given by the website Goldderby.com for television and film. Penske Media Corp., parent company of Variety, and MRC announced a new joint venture bringing together their respective data businesses. Two of Fairchild's properties, Style.com and W, remained under Condé Nast's ownership. Rolling Stone - Wikipedia In December 2017, Penske Media acquired the remaining stake from Wenner Media. WWD is often considered the "Bible of the fashion industry. [34][35], On April 2, 2020, PMC announced that it would launch Sportico—a new vertical focusing on the sports industry. It publishes more than 20 digital and print brands, including Variety, Rolling Stone, WWD, Deadline Hollywood, BGR, and others. [23], In January 2017, Penske Media Corporation entered into a joint venture for the Robb Report with Rockbridge, the private equity firm of Dan Gilbert. [31] Rolling Stone is an American monthly magazine that focuses on popular culture. 11175 Santa Monica Blvd # 800, Los Angeles, CA 90025 ... Rolling Stone magazine owner Penske … PMC purchased Fairchild properties from Condé Nast in late 2014. PMC (Penske Media Corporation) founded by Jay Penske is the parent company of 22 media brands including Variety, Deadline, Hollywood Life and Women's Wear Daily. Los Angeles, CA. [39] The awards began in 2004. [19], In June 2015, Penske Media Corporation formed a partnership with Shutterstock Inc. to compete with Getty Images in the categories of editorial images in the entertainment and fashion industries.