Latest in PMC

Penske Media Corp said Thursday that it has made a strategic investment in LDJ Productions, an event management and technical production agency. PMC said the move will diversify its existing portfolio and fuel its ability to further leverage its brands' content with an in-house live media team. Financial terms were…

Deadline and our parent company Penske Media Corporation have launched Hail the Heroes, a thank you initiative to raise funds for Team Rubicon and its efforts around the COVID-19 crisis. Leaders from across PMC's portfolio of media brands have joined with luminaries in the entertainment, fashion, beauty, sports, music…

Penske Media Corporation on Thursday announced plans to launch a new sports business platform called Sportico with veteran sports and entertainment executive Dick Glover as CEO. Glover’s had senior roles at ESPN, ABC, Disney and NASCAR. He was founding CEO of the Funny or Die digital comedy platform and CEO of…

Simon Pagenaud edged Alexander Rossi Sunday in a close finish to win the 103rd Indianapolis 500 at the Indianapolis Motor Speedway. With 13 laps to go, Pagenaud and Rossi traded the lead at least a half-dozen times after a restart with 13 laps remaining. Pagenaud took the lead for good with a lap left and then had to…

Penske Media Corp. has bought a 49% stake in Rolling Stone, giving the company full control of the storied publishing brand. Terms were not disclosed for the deal, which took effect January 22,but was announced today. Along with the online and print magazine, the transaction includes all event and licensing rights, as…

PMC chief Jay Penske has closed a major deal to acquire a controlling interest in Wenner Media, the parent company of the venerable rock music bible Rolling Stone. Jann Wenner, who founded the magazine in 1967 with Ralph Gleason in San Francisco with a $7,500 loan from family members, will still be involved and take…

Deadline parent company Penske Media Corp and Robb Report owner Rockbridge Growth Equity have closed a deal to create a joint venture partnership in the luxury products and services brand. The aim is to grow the digital, live media and social platforms as well as the subscription business for Robb Report, which will…

Deadline’s parent company Penske Media Corp said today it has promoted Deadline publisher Stacey Farish to chief revenue officer and GM of Deadline as well as its sister sites TVLine and Gold Derby. In the expanded role, Farish will be responsible for revenue and business operations at the three brands. That includes…

Penske Media Corp has promoted Carra Fenton to VP Film at Deadline.com, where she will lead sales efforts as awards season ramps up. She had been Director of Film and Television. The move is effective immediately. Fenton, who has been with PMC for six years, relocated to Los Angeles from New York last year to…

Deadline parent Penske Media Corporation has acquired IndieWire from SnagFilms for an undisclosed amount. The deal was unveiled this morning.

Deadline parent Penske Media Corporation today announced it’s acquiring GoldDerby.com, the Tom O’Neil-founded site featuring entertainment industry award predictions by journalists and fans. The financial terms and details of the acquisition were not disclosed. GoldDerby.com will continue as a standalone property…

The deal that Deadline-parent Penske Media Corporation (PMC) and Shutterstock just unveiled will be phased in through the end of this year, and should cure headaches for both digital age companies. Deadline and other PMC news outlets including Variety, WWD, HollywoodLife, TVLine, and BGR  will be able to secure more…