Penske Media Corporation
American digital media
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2025 | Penske Autosport won the Jeddah ePrix. |
2024 | Jay Penske and Elaine Irwin divorced amicably after 12 years of marriage. |
2024 | Listed as one of the most influential people in Los Angeles by the LA Times, described as 'one of L.A.'s stealthiest media moguls'. |
2023 | Penske Autosport won the first Formula E race in India at the Hyderabad E-Prix. |
2023 | Jay Penske and Elaine Irwin separated after 11 years of marriage. |
2023 | Los Angeles Magazine declared Penske 'one of the most powerful publishers in the world' on its cover, comparing him to media titans like William Randolph Hearst, S.I. Newhouse, and Rupert Murdoch. |
February 2023 | Became the largest shareholder in Vox Media, acquiring a 20% stake with Jay Penske joining Vox's board. |
January 2023 | Sold a stake in Dick Clark Productions via Penske Media Eldridge joint venture, which included the Golden Globe Awards, American Music Awards, Streamy Awards, Academy of Country Music Awards, and Billboard Music Awards. |
2022 | Penske Media co-owned its headquarters at 475 Fifth Avenue after partnering with RFR Holding to purchase the property. |
2022 | Acquired a majority stake in Las Vegas' Life Is Beautiful Music & Art Festival. Acquired contemporary art magazines Artforum and Bookforum. Launched LA3C music festival in Los Angeles, California. |
December 12 2022 | Bookforum ceased publications. |
2021 | Purchased a 50 percent stake in South by Southwest and sold Hollywood Life. |
January 2021 | Sportico and Bloomberg News established a content sharing agreement to provide Sportico content to Bloomberg readers. |
2020 | PMC became an investor in the strategic event management company LDJ Productions. |
December 14 2020 | Sportico acquired The Intercollegiate, adding two writers to expand its college sports industry coverage. |
November 2020 | Penske Media Corporation completed a deal with Vox Media to merge their respective digital media properties, creating a significant digital media platform. |
September 23 2020 | Announced a joint venture with MRC to assume operations of MRC Media & Info publications, including The Hollywood Reporter and Billboard magazine. |
June 30 2020 | Sportico officially launched, hiring reporters previously from Bloomberg News's sports business division. |
April 2 2020 | Penske Media Corporation (PMC) announced the launch of Sportico, a new vertical focused on sports business and media. |
August 2019 | Penske Media Corporation acquired a majority stake in Rolling Stone magazine, taking over ownership from Jann Wenner's family. |
January 2019 | PMC acquired the remaining 49 percent stake from BandLab Technologies, becoming the full owner of Rolling Stone magazine. |
2018 | Expanded into music with an investment in BuzzAngle Music. Additional acquisitions included SHE Media, Sourcing Journal, and Art Media Holdings (Art in America and ARTnews). |
2017 | Penske Media Corporation entered into a partnership with MRC (Media Rights Capital) to form a joint venture, strengthening its media and entertainment industry presence. |
2017 | Penske Media Corporation acquired Robb Report, expanding its luxury lifestyle media portfolio. |
December 2017 | Penske Media acquired a majority stake of Rolling Stone magazine from Wenner Media. |
January 2017 | Penske Media Corporation entered into a joint venture for the Robb Report with Rockbridge, the private equity firm of Dan Gilbert. |
2016 | Penske Autosport won the first Formula E race in Mexico at the Mexico City E-Prix. |
January 2016 | PMC acquired IndieWire, an independent film and television publication, from SnagFilms, Inc. |
2015 | Penske Autosport won the first Formula E race in Germany at the Berlin E-Prix. |
2015 | Named by the NY Observer newspaper as one of the 25 most powerful people in Los Angeles. |
July 2015 | PMC purchased Gold Derby, a data platform for predicting awards show outcomes. |
June 2015 | PMC formed a partnership with Shutterstock to become the exclusive licensor of imagery from its fashion and entertainment archives. |
2014 | Dragon Books, Ltd. closed after 15 years of operation, marking the end of Penske's rare book business venture. |
2014 | Appointed as Vice Chair of the American Film Institute (AFI). |
2014 | Penske Autosport finished as runner-up in the 2014-15 Formula E season, with drivers Jérôme d'Ambrosio (ranking fourth) and Loïc Duval. |
2014 | PMC purchased Fairchild Fashion Media from Condé Nast for just under $100 million, acquiring properties including Women's Wear Daily (WWD), Footwear News, and Beauty Inc. |
October 2013 | Penske Autosport signed an agreement with Formula E Holdings to become the fourth franchise team in the new FIA Formula E Championship. |
March 26 2013 | A redesigned Variety magazine was launched. |
March 19 2013 | After 80 years of publication, the last print edition of Daily Variety was issued. |
March 1 2013 | PMC eliminated Variety's website paywall, making content freely accessible. |
2012 | Jay Penske married supermodel Elaine Irwin. |
October 2012 | PMC purchased Variety Inc., including Variety magazine, Daily Variety, and Variety.com, for a reported $25 million from Reed Elsevier, with financial backing from hedge fund Third Point LLC. |
2011 | Jay Penske founded Penske Media Corporation (PMC) and acquired Variety, a prominent entertainment trade publication, marking a significant expansion into digital media and entertainment journalism. |
2010 | Vanity Fair named Jay Penske one of the 10 best dressed men in the world in their 'International Best-Dressed List'. |
2010 | PMC acquired Hollywood Reporter, further strengthening its position in entertainment media and trade publications. |
September 2010 | Sold the Mail.com email and portal service to United Internet, while remaining the primary content provider for the platform. |
April 2010 | Purchased Boy Genius Report (BGR), a tech and gadget blog, from Jonathan Geller. Moved the blog to BGR.com and expanded technology coverage. Geller remained as Editor in Chief. |
February 2010 | Finalized a joint venture with Zee TV to create India.com web portal and seven additional portals. |
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