MMC (My Parent Company) Buys

BGR-logoI’ve been reading the Boy Genius Report for some time because it’s such a go-to website for mobile and gadget news scoops. So, apparently, does my boss. Jay Penske’s digital media and publishing network now has acquired the website. mmc logoAs tonight’s news release states, “The impact of the expansion cannot be underestimated. RIM’s stock price increased by over 30% immediately after broke the news of their new devices. Testament to the fact that the immediacy with which new media sites like and break news and report on major events first, does move the needle in the financial sector.”

Penske, the founder, chairman and CEO of MMC, stated: “We’re thrilled to announce our acquisition of BGR, and partnership with Jonathan. Very much in the mold of Nikki Finke of, Jonathan has singlehandedly built an influential site with original content that appeals to an extremely engaged and loyal following in one of the largest and most exciting categories online. And he’s done it all before his 23rd birthday.” Here’s the complete news release: (more…)

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