Gross profit was $138 million, or . Geller remained the website's Editor in Chief after the sale. The Penske Media Corporation management team includes Jay Penske (Chairman and CEO), Michael Monroe (Chief Marketing Officer and Head of PMC Studios), and Andrew Limpus (Associate Vice President, Talent and Recruiting) . Variety and Deadline owner Penske Media Corp. further consolidated control over most of the key trade publications covering the film, TV and music industries, announcing content and publishing partnerships with MRC, which owns long-time archival The Hollywood Reporter. Walter Czarnecki - Walter P. Czarnecki, 64, is Executive Vice President, a member of the Executive Committee and a Director of Penske Corporation. Penske Entertainment Corp., a subsidiary of Penske Corporation, owns the Indianapolis Motor Speedway, the NTT INDYCAR SERIES and IMS Productions. "We are thrilled to have found someone of Mike's caliber and experience to lead the sales development and account management as well as the expansion of our custom solutions unit, PMC Studios,while also working collaboratively with a core group of the Penske Media brands," said Mark Howard, Chief Advertising & Partnerships Officer, to whom Monroe will report. He will be based in PMC's LA office. If we can live and work by these principles, we will not only be an exceptional company but set the standard for the rest of the publishing and media industry.". It was first known for its musical coverage and for political reporting by Hunter S. Thompson. Get contact details including emails and phone numbers [52] Owned by Jay Penske since 2015, it is a brand of the Penske Media Corporation. To learn more about PMC and its constellation of iconic brands, please visitwww.pmc.com. The website had previously been operated by publisher LA Weekly. Denker assumed responsibility for Penske Corporation's marketing and communications functions after joining the company in 2005. I'm a media/tech/entertainment writer, podcaster, speaker and analyst. Here are further demographic highlights of the leadership team: The Team Penske executive team is 12% female and 88% male. Opinions expressed by Forbes Contributors are their own. Penske Media Corporation (PMC) (/pnski/) is an American digital media, publishing, and information services company based in Los Angeles and New York City. PMC is a constellation of global media brands fueled by remarkable content across our digital, video, print, and event properties. [18] Cond Nast had purchased the assets from Disney Corporation in 2003 for over $650 million. "Mike's wide breadth of expertise in building and leading award-winning marketing organizations will help us drive significant growth through partnerships with some of the world's largest advertisers.". {{ userNotificationState.getAlertCount('bell') }}. [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. Bonnie Raitt Ken Friedman. He also formerly owned a rare-books store, a notable interest for someone whose other publishing assets have been substantially digital. Penske Truck Leasing Co., L.P. is a joint venture of Penske Corporation and General Electric. Shell had risen through the ranks at the company to become CEO of NBCU in 2020, succeeding Steve Burke. Penske Motorsports, Inc., a wholly owned subsidiary of Penske Racing, Inc., fields two Porsche RS Spyders exclusively in the American Le Mans Series. PMC's Chairman and CEO since founding is Jay Penske. Under the terms of the deal, PMC obtained ownership of Fairchild's print and digital media properties including Women's Wear Daily (WWD), Footwear News, Beauty Inc., and others. All Rights Reserved. Los Angeles, California, United States. [13], In September 2010, the Mail.com Media Corporation announced a transaction in which they would sell the Mail.com email and portal service to United Internet Group, one of Germany's leading internet companies. , have invested considerable resources in similar production and content-development arrangements, trying to keep more of the revenue potential from stories gathered by their writers. He began his career at several local TV stations, moving into leadership roles at CNN/Turner Broadcasting. Variety and the Flying V logos are trademarks of Variety Media, LLC. Send us a tip using our annonymous form. [25] In 2018, it expanded further into music with an investment in BuzzAngle Music. A leading global transportation services provider, Penske operates more than 200,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe and Asia. (business & personal). New York police responded to a 911 call . The DHL-sponsored cars are driven by sports car veteran teammates Timo Bernhard and Romain Dumas along with Sascha Maassen and Patrick Long. Company Description: Detroit Diesel Corporation (DDC) is the industry-leading original equipment manufacturer of state-of-the-art engines, axles and transmissions specifically designed for integrated, optimized performance and efficiency inside Freightliner and Western Star Trucks. Jan 2021 - Present2 years 4 months. over how aggressively to cover some Hollywood stars and institutions. Powered by WordPress VIP, Chairman, Founder and CEO of Penske Media, President of Hutchinson Whampoa Americas, PMC Advisor, Co-Founder of Apple Computer, PMC Advisor, Chairman of Vodafone, Fmr. Also on the docket are a decision about a one-third stake in Hulu as a put-call arrangement with Disney reaches a deadline, sports rights bidding and potential M&A opportunities with Warner Bros Discovery, Paramount Global or other players. "[42] The other properties are considered leading business-to-business publications offering news and insights into various fashion and beauty niches. The employee data is based on information from people who have self-reported their past or current employments at Team Penske. With music-industry bible Billboard and hip hop-focused Vibe next to consumer-facing Rolling Stone and Music Business Worldwide, that strategy likely will extend more substantially into the Grammys season as well. Carlson Executive Vice President and Chief Financial Officer Listing for: Burlington Coat Factory Corporation. We couldnt be more excited to welcome her to our leadership team and introduce her to our wide-ranging client roster.. Prior to joining PMC,Monroeserved as Chief Marketing Officer for the nonprofit Sundance Institute, which hosts the Sundance Film Festival each January in Park City, where he was responsible for brand strategy, social media and content, design, public relations, and communications for the Festival and the Institute overall. Transportation Resource Partners is a $265 million private equity fund formed by Penske Corporation. [51] The awards began in 2004. Penske Media Corporation (PMC) is a leading digital media and information services company whose award-winning content attracts a monthly audience of more than 240 million and empowers more than 1 . [37] Rolling Stone is an international[38][39] media brand which focuses on popular culture, now including magazines published in 15 countries[40] such as China, Australia, India and the United Kingdom. MMC would remain the primary content provider for Mail.com, but the email service itself was operated by United Internet and its GMX email platform. The owned-and-operated Allen Media stations are a strong broadcast group in growing markets. In his new role, he will oversee Allen Medias 27 ABC-NBC-CBS-Fox network affiliate broadcast television stations in 21 television markets nationwide. Bookforum subsequently ceased publications on December 12. Get our latest storiesin the feed of your favorite networks. Penske Racing, Inc. is the most successful Indy car racing team in history with 134 race wins, 12 National Championships and 170 pole positions. Penske Media Corporation Jan 25, 2021, 09:00 ET NEW YORK, Jan. 25, 2021 /PRNewswire/ -- Penske Media Corporation (PMC) appoints Luke Bahrenburg EVP and Chief Revenue Officer, Robb. If you go down the list, youll see many of them have been leading their divisions within the company for at least 10 years and are truly the best in the business.. We're halfway there. [42], Hollywoodlife.com is an entertainment, celebrity, and fashion news website founded and run by former US Weekly, Marie Claire, and Glamour editor, Bonnie Fuller. Roger S. Penske Chair of the Board and CEO Robert H. Kurnick President Claude H. Denker Executive Vice President, Human Resources George W. Brochick Executive Vice President, Strategic Development J.D. Comcast CEO Brian Roberts kicked off the companys first-quarter earnings call by delivering brief comments about the abrupt dismissal of NBCUniversal chief Jeff Shell last Sunday. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Penske Media Corporation was founded by Jay Penske in 2003. As CMO, Chan will manage marketing efforts on the corporate front, including event presence and awards season marketing, as well as the agencys digital footprint, also looking to find new ways and opportunities to amplify client projects and activities. North Carolina Charter Educational Foundation Inc, Community Home Care and Hospice Jobs Near Me. 11% of Team Penske's management is Black or African American. Why AI Has Some Viewers Asking Which Film Actors Are Real. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Read full bio | Downloadable PDF version. NFLX View detailed PAG description & address. The Team Penske executive team is 12% female and 88% male. [3] [4] It began as an affinity marketing and internet services company called Velocity Services, Inc. [3] The company acquired the Mail.com domain and was renamed to the Mail.com Media Corporation (MMC). Penske Racing is one of the most successful teams in the history of professional sports. Both companies said the long-time rivals would continue to operate as independent publications . Bushee has oversight of all IT activities and directs innovation efforts, including the ClearChain Technology Suite. Additional duties include the management of the company's infrastructure and data center. Penske Automotive Group, Inc. is a member of the Fortune 500 and Russell 1000 and has 16,000 employees. Lorem ipsum dolor sit amet consectetur adipisicing elit. The Penske team captured back-to-back LMP2-class championships in 2006 and 2007 and ended the '07 season with 11 consecutive class victories among its two entries. All Rights Reserved. Senior Vice President Human Resources. During her time at Endeavor, Chan oversaw a global team of category experts responsible for strategic consumer PR across the companys portfolio including IMG, the Professional Bull Riders, and premium hospitality leader On Location Experiences, as well as consumer PR strategy for select sports, entertainment and fashion talent clients from WME and IMG. Deadline, also known as Deadline Hollywood or Deadline.com and previously known as news blog Deadline Hollywood Daily, is an online magazine founded by Nikki Finke in 2006. A Penske associate since 1993 . [6], In early 2009, the company announced the purchase of Deadline Hollywood Daily (now known as Deadline.com). Leadership Team > Jeff Bullard Jeff Bullard Senior Vice President of Operations Jeff Bullard is senior vice president of operations for Penske Logistics. Competing in a variety of disciplines, cars owned and prepared by Penske Racing have 295 major race wins, 349 pole positions and 21 National Championships. Management. Let's not forget culture starts at the top. I am thrilled to join a team dedicated to connecting this portfolio of brands to new audiences and partners in cutting-edge and creative ways," Monroe said about his appointment. Must<br><br>be able to solve problems. WWD is often considered the "Bible of the fashion industry. We want to hear from you! "Penske Media has become synonymous with entertainment,cultureand business. "I have long admired Vox Media's world-class editorial teams and brands," said Jay Penske, CEO and founder of Penske Media. Penske Media Corporation (PMC) announced today that after a decade of partnership and co-ownership of Hollywood Life, founder Bonnie Fuller, President and Editor-in-Chief of Hollywood Life,. As President, Cindric has management responsibility for Penske Performance operations that include teams competing in NASCAR, the IndyCar Series and the American Le Mans Series. [16] The paywall was taken down on March 1, 2013, and, after 80 years of publication, the last print edition of Daily Variety was issued on March 19, 2013. PMC will lead daily operations of an expanded entertainment and music brand portfolio under the PMRC banner that will bring two Hollywood trade institutions under the same roof for the first time, according to a staff-written story about the deal in Variety. Signup for Breaking News Alerts & Newsletters. Penske Performance, Inc. operations include teams competing in the IndyCar Series, NASCAR Sprint Cup Series, NASCAR Nationwide Series and American Le Mans Series under the Penske Racing banner. BGR.com is a tech and gadget blog originally founded by Jonathan Geller and purchased by PMC in 2010. We want to hear from you! Roberts said the company is lucky to have Cavanagh in that role. Retail Manager, Store Manager, Retail Sales. Team Penske is 5% female and 95% male company-wide. The Penske-prepared Honda-powered engines with Dallara chassis are driven by Helio Castroneves and Ryan Briscoe in the Indy Racing League IndyCar Series under the Team Penske banner. 2023 Variety Media, LLC. In this newly-created role for 2008, Gibson will assume responsibility for Penske Performances sponsorship, marketing, licensing and communications programs. She has called . CW Parent Nexstar Media Group Reports $39.3M In Total 2022 Pay For CEO Perry Sook, AMC Networks Paid Former CEOs Christina Spade, Matt Blank, Josh Sapan A Combined $40M In 2022, Endeavor CEO Ari Emanuels Pay Drops To $19.1 Million In Year Following IPO Windfall. Working across more than 23 of PMC's media brands to develop marketing and user acquisition . We are always seeking expertise and perspectives we can surround our clients with to ensure their creative ambitions are being recognized on the biggest stages and reaching the broadest audiences, said WME Co-Chairmen Christian Muirhead and Richard Weitz in a statement to Deadline. In this new position, he willleadthe developmentofPMC Studios, Integrated Marketing & Creative Services,AccountManagement, and Communicationsfor the Portfolio Sales teamworkingin conjunction withPMC's portfolio of award-winningbrands, which includes Rolling Stone, Variety, Robb Report, SHE Media, Deadline, ARTnews and WWD. [20] The following month, PMC purchased Gold Derby, a data platform and website that utilizes user and professional predictions to predict the outcome and winners of global awards shows and events. [32][33], In January 2023, a stake in Dick Clark Productions was sold to PMC via the joint venture Penske Media Eldridge. All Rights Reserved. The new deals will create a new entity, dubbed PMRC, to run the three former MRC publications, which had been on the block for many months. Some of PMC's early changes to Variety's business plan included eliminating the website's paywall, ceasing the printing of Daily Variety, and investing more in the digital platform, Variety.com. When typing in this field, a list of search results will appear and be automatically updated as you type. You may opt-out by. The group retails Toyota, Lexus, Honda and Mercedes-Benz vehicles. Penske Media Corporation's Executive Team ranks in the Top 25% of other companies in Los Angeles and Top 15% of other companies on Comparably that also have 501-1,000 Employees. in Communications and a minor in Dance. Copyright 2023 Penske Media Corporation. Full Time position. In addition, Penske Racing has won the Indianapolis 500-mile race 14 times including consecutive wins in 2001, 2002 and 2003. [48][49][50], Other properties under the PMC banner include the Boy Genius Report (or BGR.com), TVLine, SHE Media, and Sourcing Journal. Penske Automotive Group, Inc. is a member of the Fortune 500 and Russell 1000 and has 16,000 employees. This summer, the company launched a sports-business title, Sportico. Coming to the agency after a nearly five-year run as Endeavors Senior Vice President of Consumer Communications, Chan joins a WME executive team that includes recently appointed EVP of Business Operations Kim Ulrich, President of WME Ari Greenburg, Chief Operating Officer Dan Limerick, Chief Financial Officer Michelle Walter, General Counsel Courtney Braun, Head of Corporate Communications Marie Sheehy, and Vice President of Human Resources Miri Stucker. A second partnership with MRC will focus on producing content built around stories from all of the PMC outlets. Penske Automotive Group's key executives include Roger S. Penske and 22 others. series Ozark, and such notable recent films as Knives Out, Baby Driver and Ted. In the 1990s, the magazine shifted focus to a younger readership interested in youth-oriented television shows, film actors and popular AT40-based music. Cavanagh and CFO Jason Armstrong will lead earnings calls with Wall Street analysts for the foreseeable future, Roberts added. Awesome team of other designers and collaborate on projects. The "Double Fantasy" cover art shows The Weeknd as his Idol character Tedros, a leader of a modern-day cult and the love interest of rising pop star Jocelyn, who's played by Lily-Rose Depp . Penske also is a Director of the Downtown Detroit Partnership and a director of Business Leaders for Michigan. Prior to joining Endeavor, she spent nearly 14 years at Allied Global Marketing, during which time she rose to the role of Senior Vice President of National Publicity & Account Management, overseeing marquee accounts including Paramount Pictures, Food Network, Cirque du Soleil, Netflix, Hulu, Sephora and Feld Entertainment, among many others. In recent years, Roberts has been joined by a handful of execs on the calls. Our dynamic events, data services, and rich content entertain and educate today's technology, entertainment, retail, fashion, beauty, art and lifestyle sectors. Variety is a part of Penske Media Corporation. Penske Automotive Group, Inc., which sells new and previously-owned vehicles, finance and insurance products and replacement parts, offers maintenance and repair services on all brands it represents. VM Motori, located in Cento, Italy, specializes in the design and production of diesel engines for automotive and industrial applications. [21] In January 2016, PMC acquired independent film and television platform IndieWire from SnagFilms, Inc. for an undisclosed amount of money. [12] In April 2010, MMC purchased Jonathan Geller's Boy Genius Report (BGR), a tech and gadget blog, for an undisclosed amount of money. Would A Long Writers Strike Kill Off Late-Night Television As We Know It? 2023 Deadline Hollywood, LLC. Previously working as a publicist for the Seattle Film Festival, Chan began her career at the regional entertainment publicity and promotions agency, Terry Hines & Associates, after graduating from the University of Washington with a B.A. Penske Motor Group, Inc. is a privately-held specialty retailer operating seven automobile dealerships in the California market. Penske Media Corporation. Ultimately, Michael B. came out on top, with coach Niall Horan selecting him as one of four artists on his team to move on to the Playoffs, which were pre-recorded this season for the first time . Website Design and Development by Digital Momentum. Seeking full-time Operations Managers to provide leadership,<br><br>coaching, direction, develop people and improve restaurant operations to<br><br>maximize the long-term sales and profit of McDonald's locations. NYT @sportico would like to welcome the first members of our editorial team: @McCannSportsLaw , @novy_williams , @HowieLongShort , @pjschwartz1 , @Boomskie , @JacobFeldman4 and @LevAkabas . Retail Manager, Store Manager, Assistant Manager. Jay Penske, Penske Media Corporation's CEO, has been rated 81/100 by employees. note, I previously worked in various capacities with Deadline and Variety, and have contributed to IndieWire). A redesigned Variety magazine launched on March 26, 2013. PMC purchased the publication in 2012 from Reed Elsevier for approximately $30 million. Penske Corporation also owns several transportation-related manufacturing businesses. Most recently, Hair served for two years as president of Black News Channel, which was purchased by Allen in 2022 and rebranded as TheGrio Television Network. Vince Holding on Monday reported financial results for the fourth quarter and full year of 2022. [54], "Penske Media Corp. Gets $200M Investment From Saudi Fund", "PMC Closes $100 Million Deal With Jann Wenner; Acquires Majority Interest In Rolling Stone Publisher Wenner Media", "Jay Penske founded Penske Media Group to acquire Conde Nast's Fairchild Fashion Media - The Business Journals", "Rolling Stone's Owner Sells Controlling Stake to Penske Media", "Hollywood Web-Site Sale Reflects Growing Clout", "Deadline Hollywood blog sold for up to $15m", "Nikki Finke, Hollywood Blogger, Gets Her Payday", "India's Zee TV chief: 'We believe we will succeed' in the German market", "Penske's Mail.com Launching India Portal With Zee, on India.com", "Jay Penske Expands Online Media Empire, Buying Boy Genius Report", "Penske's Mail.com Media Corp. Sells Its E-Mail Business", "In a Fire Sale, Penske Media Buys Variety", "Penske Media Corp. Buys Variety As Entertainment Industry Trade Moves Online", "Daily Variety, No Longer a Top Star, to Be Closed", "Cond Nast sells Women's Wear Daily, others to Penske Media", "Cond Nast to Sell Fairchild Fashion Media for $100 Million", "Shutterstock to challenge Getty Images after Variety tie-up", "Michael Schneider Exiting TV Guide Magazine", "Dan Gilbert's Robb Report joins forces with Penske Media", "Rolling Stone Publisher Sells Majority Stake to Penske, Owner of Variety", "After Top Executive Leaves, Billboard Confronts Its Internal Culture", "Penske Media Corp. Acquires Sourcing Journal", "Penske Media buys Peter Brant's trove of art publications", "Variety Parent Penske Media to Take Over Hollywood Reporter, Billboard in Joint Venture With MRC", "Life is Beautiful festival in Las Vegas bought by Rolling Stone", "Penske Media Eldridge Acquires Dick Clark Productions in Major Expansion", "Dick Clark Productions Hit By Layoffs Following Acquisition", "Penske's media roll-up continues with purchase of Vox stake", "JAY PENSKE GOBBLES UP THE REMAINING 49 PERCENT OF ROLLING STONE", "UK edition of Rolling Stone to launch | Complete Music Update", "British Rolling Stone magazine returns 50 years after Mick Jagger left it to 'hippies', "Literary 'Rolling Stone' sells out to male titillation", "Jay Penske betting he can beat the odds in Internet media", "Penske Media To Launch New Sports Business Platform Sportico", "BREAKING: @Sportico launch day exclusive: @MLB has pre-approved SEVEN bid groups looking at the @Mets:", ". (ed. On average, Men provided higher ratings for their Executive Team compared to Women. Please join our community at sportico.com", "BollywoodLife.com crosses 20 million monthly active users mark; sees a growth of 3.2x year on year", "Penske Media Corp Taps George Grobar As COO", "BollywoodLife.com crosses 10 million users in June 2020, witnesses massive growth of 4.9x in a year", "Oscars: Deadline, Gold Derby, IndieWire & Variety Take The Gloves Off In Ultimate Predictions Smackdown", "Penske Media Corporation Acquires Gold Derby", "Penske Media Makes Strategic Investment in LDJ Productions", https://en.wikipedia.org/w/index.php?title=Penske_Media_Corporation&oldid=1152509327, This page was last edited on 30 April 2023, at 17:28. "We deeply respect the track record of both Jim Bankoff and the. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. [14], Sometime in 2012, MMC re-branded itself as Penske Media Corporation. [24] In December 2017, Penske Media acquired a majority stake of Rolling Stone magazine from Wenner Media. Read full bio | Downloadable PDF version, Tim Cindric - Tim Cindric, 39, was named President of Penske Performance, Inc. in November 2005 as part of a consolidation of Penske Performance entities. Michelle Obama Joins Bruce Springsteen On Vocals, Tambourine During Spain Show, Netflix Lands Adam McKays New Comedy Average Height, Average Build, Nina Bloomgarden, James Tupper, Theo Germaine & Paige Collins Board Indie Erotic Thriller Good Girl With Mary Beth Barone, Lulu Wilson, Omari Hardwick & Trae Romano Set For Hartbeats Alien Invasion Pic Xeno From Writer-Director Matthew Loren Oates, Talaria Media Lands Arigato Tokyo Feature Pitch; Kappa Studios Unveils Revenue-Sharing Distro Platform; All These Sons, Dealing With Dad, Peter Case: A Million Miles Away Acquisitions; More Film Briefs, WGA & AMPTP Set More Talks For Today; Guild & Studios Still Far Apart, Serious Moments For Media Give Way To Satire & Mirth; Biden & Wood Remarks, Plumbs Another Domestic Win At $38M; Karting Past $1 Billion Global. free lookups / month. He leads the company's freight management product offering, which includes revenue growth, operations, pretax earnings and customer relations. The Hollywood Reporter also has been rocked with controversy after Editorial Director Matt Belloni left in April following repeated intense conflicts with MRC leadership over how aggressively to cover some Hollywood stars and institutions. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. He currently lives in Los Angeles. MRCs production holdings include Dick Clark Productions, which produces the Golden Globes on behalf of The Hollywood Foreign Press Association, among other entertainment award shows. Up to 5 Marc Althen President Pete Bayer Senior Vice President of Operations Steve Beverly Senior Vice President of Finance Jeff Bullard Senior Vice President of Operations Dave Bushee Senior Vice President of Logistics Technology David Eaton White is the most common ethnicity company-wide. Penske Automotive Group, Inc. (NYSE:PAG) operates over 300 retail automotive franchises, representing 40 different brands and 26 collision repair centers.
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