Penske Media Corp founder, chairman and CEO Jay Penske just sent this memo to staff announcing the hire of Laura Lubrano, most recently Director of Television at The Hollywood Reporter, to work out of PMC’s NY headquarters as Director of TV Entertainment Sales. She will report to PMC VP Entertainment Stacey Farish. Penske also announced that current SVP Entertainment Sales Nic Paul is departing the company in October. The memo:

I am writing to you with some important updates and news.

First, I am thrilled to announce that sales veteran Laura Lubrano will be joining the PMC family in NY as the Director of TV Entertainment Sales. Laura joins our team from The Hollywood Reporter, where she was the Director of Television. As a widely respected advertising executive, Laura has managed multi-platform marketing solutions for some of our industry’s largest partners, agencies and clients – for both consumer and trade. Lubrano has a strong history in television advertising sales where, before THR, she led TV sales for the LA Times and, as well as TV Guide Magazine and

In other news, after a wonderful career at Penske Media Corporation, Nic Paul in October 2013 will be moving on to start his own business. As we all know, there is a huge amount of excitement in the digital world right now, and Nic is eager to pursue the next phase of his career. Since he began his career with us, Nic has been a force at and the Penske Media business as a whole. I am sure you will all join me in thanking Nic for his many valuable contributions, congratulating him on his successes and working closely with him during his transition over the next 3 months.

Nic asked me to share some of his thoughts with you: “PMC is the premier digital media company in the industry and I truly love my job and this company. I am also tremendously proud of the contributions that my team and I have made to the Company. While the opportunity to start a business and its challenges excite me, I know that PMC and are set up exceptionally well for the future with Stacey Farish’s leadership.”

Lubrano will be reporting into Stacey Farish, VP Entertainment for PMC. Said Farish, “I have had the pleasure of working with Laura at the LA Times, and she is one of the brightest entertainment marketers and sales leaders in the market.” Lubrano, who officially starts on Monday July 1, said, “I am thrilled to be coming on board – to be reconnected with Stacey as well as joining the most dominant entertainment brands at PMC.”

With regards, gratitude, and eagerness for our future.