|Velocity Services (2003–2007)|
|Predecessor||Mail.com Media Corporation (2007–2012)|
| Jay Penske |
|Divisions||Penske Business Media, LLC.|
|Subsidiaries|| Deadline Hollywood |
Fairchild Fashion Media
Boy Genius Report
Art in America
Penske Media Corporation (PMC) is an American digital media, publishing, and information services company based in Los Angeles and New York City. It publishes more than 20 digital and print brands, including Variety , Rolling Stone , WWD, Deadline Hollywood , BGR, and others. PMC's Chairman and CEO since founding is Jay Penske.
Penske Media Corporation was founded by Jay Penske in 2003.It began as an Affinity marketing and internet services company called Velocity Services, Inc. The company acquired the Mail.com domain and was renamed to the Mail.com Media Corporation (MMC). By 2008, the company owned digital entertainment properties like OnCars.com, Hollywoodlife.com, Movieline , and MailTimes in addition to operating the Mail.com portal and email service. In mid-2008, the company received a $35 million growth equity round of financing from a leading private equity fund.
In early 2009, the company announced the purchase of Deadline Hollywood Daily (now known as Deadline.com). The website had previously been operated by publisher, LA Weekly.
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.The site was designed to compete with other portals like Indiatimes.com, Yahoo, and Rediff.com. In April 2010, MMC purchased Jonathan Geller's Boy Genius Report (BGR), a tech and gadget blog, 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. Geller remained the website's Editor in Chief after the sale.
In September 2010, the Mail.com Media Corporation announced a transaction in which they would sell the Mail.com email and portal service to Germany-based, United Internet Group, one of the country's leading internet companies. 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.
In October 2012, the PMC purchased Variety Inc., Variety.com, Variety Magazine, and all associated assets for a reported $25 million from Reed Elsevier.PMC received financial backing from the hedge fund, Third Point LLC. Some of PMC's early changes to Variety's business plan included eliminating the website's paywall, making the print magazine a weekly publication, and investing more in the digital platform, Variety.com. The paywall was officially taken down on March 1, 2013 and the print publication began its run as a weekly magazine a month later in April 2013.
In late 2014, PMC purchased Fairchild Fashion Media from Condé Nast for just under $100 million. Under the terms of the deal, PMC obtained ownership of Fairchild's print and digital media properties including WWD (Women's Wear Daily), Footwear News , Beauty Inc., and others.Condé Nast had previously in 2003 purchased the assets from Disney Corporation for over $650 million. Two of Fairchild's properties, Style.com and W, remained under Condé Nast's ownership.
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. Beginning in 2016, Shutterstock will have an exclusive right and license to PMC's fashion and entertainment archives.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. In January 2016, PMC acquired independent film and television platform, Indiewire from SnagFilms, Inc. for an undisclosed amount of money. Michael Schneider the Editor-in-Chief of TV Guide joined Indiewire.com as Executive Editor shortly after the PMC acquisition, joining editorial leaders Anne Thompson, Eric Kohn, and editor Dana Harris.
In January 2017, Penske Media Corporation entered into a joint venture for the Robb Report with Rockbridge, the private equity firm of Dan Gilbert.In December 2017, Penske Media acquired a majority stake of Rolling Stone magazine from Wenner Media. In 2018, it expanded further into music with an investment in BuzzAngle Music. Additional acquisitions from 2017–18 include SheKnows Media, Sourcing Journal, and Art Media Holdings which includes Art in America and ARTnews .
PMC owns and operates Variety magazine and its various digital and data platforms. Founded in 1905, Variety is a leading media provider for new and information on the entertainment industry. PMC purchased the now 110 year-old publication in 2012 from Reed Elsevier for approximately $30 million.
PMC first became the majority owner of Rolling Stone by purchasing a 51 percent stake in the company from Wenner Media in 2017., and then acquired the 49 percent stake held by BandLab Technologies in January 2019 to become its full owner. Rolling Stone is an American monthly magazine that focuses on popular culture. It was founded in San Francisco in 1967 by Jann Wenner, who is still the magazine's publisher, and the music critic Ralph J. Gleason. It was first known for its musical coverage and for political reporting by Hunter S. Thompson. In the 1990s, the magazine shifted focus to a younger readership interested in youth-oriented television shows, film actors, and popular music.
The Robb Report is an American English-language luxury-lifestyle magazine featuring various products, including automobiles, aviation, boating, real estate, and watches.
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. The blog had initially been operated by publisher LA Weekly prior to being purchased by Penske Media in June 2009.
Fairchild Fashion Media is a digital media, publishing, and events company that owns multiple fashion-related content properties. PMC purchased Fairchild properties from Condé Nast in late 2014. These publications included WWD (Women's Wear Daily), Footwear News , Beauty Inc., M, and Fairchild Summits. WWD is often considered the "Bible of the fashion industry."The other properties are considered leading business-to-business publications offering news and insights into various fashion and beauty niches.
Hollywoodlife.com is an entertainment, celebrity, and fashion news website founded and run by former US Weekly , Marie Claire , and Glamour editor, Bonnie Fuller. The site targets women ages 18 to 35 and attracts an audience of 35 million visitors per month.
The India.com web portal is a joint venture between PMC and Zee Entertainment Enterprises. The alliance created India.com in 2010.The portal has acquired a number of different network properties including, BGR.in (a tech and gadget news blog), BollywoodLife.com (an entertainment news site), CricketCountry.com (a cricket news platform), TheHealthSite.com, PrepSure.com, BrownPaperBag.in, and Mashable India.
Other properties under the PMC banner include the Boy Genius Report (or BGR.com), TVLine, SheKnows Media, and Sourcing Journal. BGR.com is a tech and gadget blog originally founded by Jonathan Geller and purchased by PMC in 2010.The Gold Derby Awards (or "Gold Derby TV and Film Awards") are awards given by the website Goldderby.com for television and film. The awards began in 2004. Owned by Jay Penske since 2015, it is a brand of the Penske Media Corporation because Penske owns Penske Media Corporation Penske.
W is an American fashion magazine published by Future Media Group in print and online. W features stories about style through the lens of culture, fashion, art, celebrity, and film.
Jane was an American magazine created to appeal to the women who grew up reading Sassy magazine; Jane Pratt was the founding editor of each. Its original target audience was aged 18–34, and was designed to appeal to women who did not like the typical women's magazine format. Pratt originally intended the magazine to be named Betty, but she was voted down by everyone else involved in the making of the magazine.
Dick Clark Productions is an American television production company founded by entertainer Dick Clark.
Condé Nast Inc. is an American mass media company founded in 1909 by Condé Montrose Nast, based at One World Trade Center in Manhattan and owned by Advance Publications.
Harvey Weinstein is an American former film producer. He and his brother Bob Weinstein co-founded the entertainment company Miramax, which produced several successful independent films, including Sex, Lies, and Videotape (1989), The Crying Game (1992), Pulp Fiction (1994), Heavenly Creatures (1994), Flirting with Disaster (1996), and Shakespeare in Love (1998). Weinstein won an Academy Award for producing Shakespeare in Love, and seven Tony Awards for plays and musicals, including The Producers, Billy Elliot the Musical, and August: Osage County. After leaving Miramax, Weinstein and his brother Bob founded The Weinstein Company, a mini-major film studio. He was co-chairman, alongside Bob, from 2005 to 2017.
Women's Wear Daily is a fashion-industry trade journal sometimes called "the bible of fashion". WWD delivers information and intelligence on changing trends and breaking news in the men and women's fashion, beauty and retail industries with a readership composed largely of retailers, designers, manufacturers, marketers, financiers, media executives, advertising agencies, socialites and trend makers. It is the flagship publication of Fairchild Fashion Media, which is owned by Penske Media Corporation. James Fallon is the editorial director of Fairchild Fashion and the publisher of WWD is Paul Jowdy. Its editor-in-chief is Miles Socha. The final newsprint edition of WWD was printed on April 24, 2015 as the paper switched to a digital daily format and a weekly print edition was launched on April 29, 2015.
Jay Penske is an American media and publishing entrepreneur.
Fairchild Media is a publisher of fashion trade magazines, websites, and conferences for the fashion, retail and beauty industries. Fairchild Media brands include Women’s Wear Daily, Footwear News (FN), Beauty Inc, M and Fairchild Summits.
Nikki Finke is an American journalist, blogger, publisher and writer. She is presently consultant to Penske Business Media LLC and senior editorial contributor for PBM run by media owner Jay Penske. She also is founder and CEO of Hollywood Dementia LLC and its website HollywoodDementia.com for showbiz short fiction. She was the founder, editor-in-chief, and president of Deadline Hollywood, a website with original content consisting of her and other veteran showbiz journalists' reporting and commentary on the business of the entertainment industry. The website was formerly known as Deadline Hollywood Daily. In December 2011, she was given the additional title of editorial advisor of parent company Penske Media Corp. Finke has been called the "most feared, despised, and uncompromising journalist in Hollywood."
Style.com was a luxury e-commerce website, launched by international media company Condé Nast in September 2016. In June 2017 Style.com was closed and absorbed by online retailer Farfetch.com
Deadline is an online news site founded by Nikki Finke in 2006. The site is updated several times a day, with entertainment industry news as its focus. It has been a brand of Penske Media Corporation since 2009.
Boy Genius Report is a technology-influenced website and covers topics ranging from consumer gadgets, to entertainment, gaming, and science. Founded in October 2006 by anonymous web personality Boy Genius, the site was previously based on offering the public an early look at upcoming mobile phones and devices before anyone else. On April 27, 2010, BGR was acquired by Penske Media Corporation.
Prometheus Global Media was a New York City-based B2B media company. The company was formed in December 2009, when Nielsen Company sold its entertainment and media division to a private equity-backed group led by Pluribus Capital Management and Guggenheim Partners. Guggenheim acquired Pluribus's stake in the company in January 2013, giving it full ownership under the division of Guggenheim Digital Media.
Condé Nast Entertainment is a production and distribution studio with film, television, social and online video, and virtual reality content.
The Gold Derby Awards are awards given by the website Goldderby.com for television and film. The awards began in 2003. Owned by Jay Penske since 2015, it is a brand of the Penske Media Corporation. For the television awards, the competition is open to programs released or aired during the calendar year, usually before the Primetime Emmy Awards. Winners are selected entirely by a written balloting of active members.
Richard D. Beckman is a British media and entertainment executive.
Gold Derby is an American awards prediction and entertainment news website, founded in 2000 by Tom O'Neil. Beginning in 2003, the website began giving out their own awards, the Gold Derby Awards, to film and television. In 2015, the website was acquired by Penske Media Corporation (PMC).
West Side Story is an upcoming 2020 American romantic musical film directed and co-produced by Steven Spielberg, with a screenplay by Tony Kushner. The film stars Ansel Elgort and Rachel Zegler and is an adaptation of the Broadway musical of the same name by Arthur Laurents, Leonard Bernstein and Stephen Sondheim. The film's screenplay is expected to hew more closely to the Broadway script than to the 1961 film adaptation directed by Robert Wise and Jerome Robbins.
Footwear News is a weekly print publication on the topic of women's, men's, and children's footwear. Founded in 1945, its coverage is for the fashion design and fashion retail industries. It was originally published by Fairchild Media. The publication also operates FootwearNews.com which runs more consumer content than the print publication.
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