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 d…

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 under…

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…

The Breakthrough Awards honor the year’s most inspiring people and companies in fields including entertainment and technology. This will be the 10th year for the awards, which will move from Los Angeles to Las Vegas to coincide with the annual International CES…

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…

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