Penske Corporation also owns several transportation-related manufacturing businesses. This is a BETA experience. Roger S. Penske Chair of the Board and CEO Robert H. Kurnick President Claude H. Denker Executive Vice President, Human Resources George W. Brochick Executive Vice President, Strategic Development J.D. Penske Media Corporation was founded by Jay Penske in 2003. Jay Penske is himself something of a larger-than-life figure, married to former Victorias Secret model and Almay cosmetics spokesperson Elaine Irwin, and himself an owner of racing teams, including in the all-electric Formula E series. Castroneves has 18 career victories, including the Indianapolis 500 in 2001 and 2002. Listed on 2023-04-30. Digital Marketing Director. Princells seasoned expertise now plays a crucial role in supporting Allen Media Groups acquisitions and continued expansion across our ever-increasing number of media assets and distribution platforms worldwide., Hair added: Local news matters, and the connections these local stations have in their communities cannot be overstated. WWD is often considered the "Bible of the fashion industry. Jan 2021 - Present2 years 4 months. Most recently, Hair served for two years as president of Black News Channel, which was purchased by Allen in 2022 and rebranded as TheGrio Television Network. [36], PMC owns and operates Variety magazine, a trade paper for the entertainment industry founded in 1905, as well as its various digital and data platforms. In this newly-created role for 2008, Gibson will assume responsibility for Penske Performances sponsorship, marketing, licensing and communications programs. BeforeSundance,hewas Vice President of Marketing for The Atlantic and head ofthatpublisher's in-house studio, AtlanticRe:think. It was first known for its musical coverage and for political reporting by Hunter S. Thompson. Variety is a part of Penske Media Corporation. He leads the company's freight management product offering, which includes revenue growth, operations, pretax earnings and customer relations. A leading global transportation services provider, Penske operates more than 200,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe and Asia. Penske Automotive Group, Inc. (NYSE:PAG) operates over 300 retail automotive franchises, representing 40 different brands and 26 collision repair centers. Truck-Lite produces lighting products, harness systems, mirrors and accessories primarily for heavy-duty vehicles in the United States and Europe. Penske Truck Leasing Co., L.P. is a joint venture of Penske Corporation and General Electric. August 11, 2020 3:33pm PMC Seasoned executive Paul Rainey has joined Deadline's parent company, Penske Media Corp., as EVP of Operations and Finance. NFLX "[42] The other properties are considered leading business-to-business publications offering news and insights into various fashion and beauty niches. PMC is a constellation of global media brands fueled by remarkable content across our digital, video, print, and event properties. Marissa O'Hare is Penske Media's Senior Vice President of Business Development leading business development and audience growth initiatives for PMC's portfolio of digital brands. VM Motori, located in Cento, Italy, specializes in the design and production of diesel engines for automotive and industrial applications. [22] Michael Schneider, the Editor in Chief of TV Guide, joined as Executive Editor shortly after the PMC acquisition, joining editorial leaders Anne Thompson, Eric Kohn, and editor Dana Harris. [7][8][9][10], 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 web portal and seven other portals. The website had previously been operated by publisher LA Weekly. In the 1990s, the magazine shifted focus to a younger readership interested in youth-oriented television shows, film actors and popular AT40-based music. Shell had risen through the ranks at the company to become CEO of NBCU in 2020, succeeding Steve Burke. She has called . Geller remained the website's Editor in Chief after the sale. New York police responded to a 911 call . 11% of Team Penske's management is Black or African American. PMC purchased Fairchild properties from Cond Nast in late 2014. I'm a media/tech/entertainment writer, podcaster, speaker and analyst. With music-industry bible Billboard and hip hop-focused Vibe next to consumer-facing Rolling Stone and Music Business Worldwide, that strategy likely will extend more substantially into the Grammys season as well. All Rights Reserved. Please join our community at", " crosses 20 million monthly active users mark; sees a growth of 3.2x year on year", "Penske Media Corp Taps George Grobar As COO", " crosses 10 million users in June 2020, witnesses massive growth of 4.9x in a year", "Oscars: Deadline, Gold Derby, IndieWire & Variety Take The Gloves Off In Ultimate Predictions Smackdown", "Penske Media Corporation Acquires Gold Derby", "Penske Media Makes Strategic Investment in LDJ Productions",, This page was last edited on 30 April 2023, at 17:28. After claiming three IndyCar titles, Hornish Jr. makes the transition into full-time NASCAR racing this season. [5] By 2008, the company owned digital entertainment properties like, Hollywood Life, Movieline, and MailTimes in addition to operating the portal and email service. Get our latest storiesin the feed of your favorite networks. Working across more than 23 of PMC's media brands to develop marketing and user acquisition . The DHL-sponsored cars are driven by sports car veteran teammates Timo Bernhard and Romain Dumas along with Sascha Maassen and Patrick Long. From the CEO. He also formerly owned a rare-books store, a notable interest for someone whose other publishing assets have been substantially digital. series Ozark, and such notable recent films as Knives Out, Baby Driver and Ted. Here are further demographic highlights of the leadership team: Executive Vice President of East Operations, Executive Vice President, General Counsel and Secretary. Monroe will be responsible for the Portfolio Sales team's pre-sales ideation and cross-brand collaboration, post-sales campaignmanagement for the Portfolio Sales unitand will lead a communications strategy that continues to position the PMC brand as an innovative leader within the industry. PMC purchased the publication in 2012 from Reed Elsevier for approximately $30 million. [32][33], In January 2023, a stake in Dick Clark Productions was sold to PMC via the joint venture Penske Media Eldridge. He acknowledged having had an inappropriate relationship with a female employee, with the company then emphasizing that it had let Shell go with cause due to complaints of sexual harassment and discrimination. Over the past decade or so, Penske Media Corp. Chairman and CEO Jay Penske, the youngest son of famed billionaire racing-team owner Roger Penske, has slowly aggregated control over most of the major outlets covering the day-to-day business of Hollywood and the music business. "We deeply respect the track record of both Jim Bankoff and the. The "Double Fantasy" cover art shows The Weeknd as his Idol character Tedros, a leader of a modern-day cult and the love interest of rising pop star Jocelyn, who's played by Lily-Rose Depp . That strategy has helped maximize awards-season advertising revenues from networks, studios and streaming services seeking the prestige and marketing punch of Emmy, Golden Globe and Oscar nominations and wins. Zippia gives an in-depth look into the details of Team Penske, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Team Penske. Send us a tip using our annonymous form. Billboard, Vibe and the Reporter will join PMCsVariety, Rolling Stone and Music Business Worldwide.. Shells exit comes as NBCU is facing a complex operating environment and a number of strategic decisions. Cons May require long hours of sitting and working on a computer The blog had initially been operated by publisher LA Weekly prior to being purchased by Penske Media in June 2009. Denker assumed responsibility for Penske Corporations marketing and communications functions after joining the company in 2005. 8% of Team Penske management is Hispanic or Latino. Penske Racing, Inc. is the most successful Indy car racing team in history with 134 race wins, 12 National Championships and 170 pole positions. (ed. (business & personal). In his new role, he will oversee Allen Medias 27 ABC-NBC-CBS-Fox network affiliate broadcast television stations in 21 television markets nationwide. in Communications and a minor in Dance. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Deadline, also known as Deadline Hollywood or and previously known as news blog Deadline Hollywood Daily, is an online magazine founded by Nikki Finke in 2006. The fund seeks to make leveraged control investments in growth-oriented manufacturing and service-related businesses in the transportation industry. All Rights Reserved. Why AI Has Some Viewers Asking Which Film Actors Are Real. Listing for: Burlington Coat Factory Corporation. The employee data is based on information from people who have self-reported their past or current employments at Team Penske. All rights reserved. Must<br><br>be able to solve problems. For the full year, net sales increased 10.8% to $357.4 million. 2023 Variety Media, LLC. 2023 Deadline Hollywood, LLC. @sportico would like to welcome the first members of our editorial team: @McCannSportsLaw , @novy_williams , @HowieLongShort , @pjschwartz1 , @Boomskie , @JacobFeldman4 and @LevAkabas . "Penske Media has become synonymous with entertainment,cultureand business. Transportation Resource Partners is a $265 million private equity fund formed by Penske Corporation. Hair has also been named to an executive vice president role at parent company Allen Media Group. Under PMC, Rolling Stone became a monthly publication in America, but still mixed music coverage with politics and articles on popular culture.[41]. Would A Long Writers Strike Kill Off Late-Night Television As We Know It? It is part of Penske Media Corporation, having reportedly attained more than 20 million monthly active users, as well as over 5 million social media followers. He is a member of Min's Marketing Hall of Fame, was named "marketer of the year" by the Native AdvertisingInstitute, andwas included inAdWeek's2019 "Creative 100.". While revenue slipped 4%, it beat Wall Street expectations, as did earnings per share of 92 cents. Penske Motorsports, Inc., a wholly owned subsidiary of Penske Racing, Inc., fields two Porsche RS Spyders exclusively in the American Le Mans Series. Website Design and Development by Digital Momentum. "Princell Hair is a phenomenal media executive who brings an overwhelming amount of industry experience and excellent leadership skills to our 2,400-employee company," Allen said. As Penske has slowly aggregated various publications under PMC control, the company has focused on integrating back-office operations such as HR, accounting and technology for more efficiency and cost savings, while letting competing publications such as Deadline, IndieWire and Variety operate as mostly separate entities, even though they sit on different floors of the same building. In addition, Penske Racing has won the Indianapolis 500-mile race 14 times including consecutive wins in 2001, 2002 and 2003. LOS ANGELES, Sept. 29, 2020 /PRNewswire/ --Penske Media Corporation (PMC) today announced the appointment of Mike Monroe to Chief Marketing Officer, Head of PMC Studios. Opinions expressed by Forbes Contributors are their own. Company profile for Penske Automotive Group Inc. including key executives, insider trading, ownership, revenue and average growth rates. Copyright 2023 Penske Media Corporation. [3] [4] It began as an affinity marketing and internet services company called Velocity Services, Inc. [3] The company acquired the domain and was renamed to the Media Corporation (MMC). If we can live and work by these principles, we will not only be an exceptional company but set the standard for the rest of the publishing and media industry.". 2023 Deadline Hollywood, LLC. During her time at Endeavor, Chan oversaw a global team of category experts responsible for strategic consumer PR across the companys portfolio including IMG, the Professional Bull Riders, and premium hospitality leader On Location Experiences, as well as consumer PR strategy for select sports, entertainment and fashion talent clients from WME and IMG. John D. Barr Retired Chairman, Papa Murphy's Holdings, Inc. Lisa Davis Former Chief Executive Officer Gas and Power and Managing Board Member, Siemens AG Wolfgang Drheimer Retired Chairman and CEO Bentley Motors Ltd. More to come soon. Longo Toyota, located in El Monte, California, is the largest Toyota dealership in the United States, selling 25,000 new and used vehicles per year. Penske Racing South, Inc. fields three entries in the NASCAR Cup series; the Miller Lite Dodge driven by 2004 NASCAR Cup Champion Kurt Busch, the Alltel Dodge driven by 2002 NASCAR Cup Rookie of the Year Ryan Newman and the Mobil 1 Dodge driven by former IndyCar Series and Indy 500 champion Sam Hornish Jr. Busch has 17 career NASCAR Cup wins and 10 pole positions, while Newman has 12 NASCAR Cup victories and 42 pole positions in his career. Read full bio | Downloadable PDF version, Tim Cindric - Tim Cindric, 39, was named President of Penske Performance, Inc. in November 2005 as part of a consolidation of Penske Performance entities. The venue has also hosted NASCAR, Formula One and other racing [] The Team Penske executive team is 12% female and 88% male. On average, Men provided higher ratings for their Executive Team compared to Women. MMC would remain the primary content provider for, but the email service itself was operated by United Internet and its GMX email platform. He will be based in PMC's LA office. This includes Penske Racings marketing, sponsorship, licensing and PR responsibilities. Variety and Deadline owner Penske Media Corp. further consolidated control over most of the key trade publications covering the film, TV and music industries, announcing content and publishing partnerships with MRC, which owns long-time archival The Hollywood Reporter. The Penske-prepared Honda-powered engines with Dallara chassis are driven by Helio Castroneves and Ryan Briscoe in the Indy Racing League IndyCar Series under the Team Penske banner. Leadership Team > Jeff Bullard Jeff Bullard Senior Vice President of Operations Jeff Bullard is senior vice president of operations for Penske Logistics. Penske Media review Apr 18, 2023 - Junior Graphic Designer Recommend CEO Approval Business Outlook Pros Flexibility in working arrangements, opportunities for creativity and self-expression through design work. He was promoted to president just last fall, becoming the only exec to hold the title apart from Roberts and his father, company founder Ralph Roberts. Bookforum subsequently ceased publications on December 12. Some of PMC's early changes to Variety's business plan included eliminating the website's paywall, ceasing the printing of Daily Variety, and investing more in the digital platform, But we are so fortunate to have the fabulous and tenured leadership team at NBCUniversal. Search over 700 I am thrilled to join a team dedicated to connecting this portfolio of brands to new audiences and partners in cutting-edge and creative ways," Monroe said about his appointment. Penske Media Corporation was founded by Jay Penske in 2003. 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Movie Crossing $1 Billion at Global Box Office, COVER STORY | How a Sex Scandal, Big Egos and Putin Led to Jeff Shells Sudden, No Payout Exit From NBCU, Ryan Goslings Greta Gerwig Barbie Tee and Margot Robbies Pink Two Piece Embrace Barbiecore, The Brilliance of Harry Belafonte in 12 Songs, Bob Odenkirk Joins The Bear Season 2 (EXCLUSIVE), Is This 'Beau Is Afraid' Character a De-Aged Joaquin Phoenix? Penske executives are regularly invited to share insights at leading colleges and industry groups around the globe. [13], In September 2010, the Media Corporation announced a transaction in which they would sell the email and portal service to United Internet Group, one of Germany's leading internet companies. [37] Rolling Stone is an international[38][39] media brand which focuses on popular culture, now including magazines published in 15 countries[40] such as China, Australia, India and the United Kingdom. Cision Distribution 888-776-0942 The Indianapolis Motor Speedway has hosted the world's largest single-day sporting event - the Indianapolis 500 Mile Race - for more than 100 years.
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