[29], On September 23, 2020, it was announced that PMC would assume operations of the MRC Media & Info publications, including Variety's main competitor, The Hollywood Reporter, and Billboard magazine, under a joint venture with MRC known as .mw-parser-output .vanchor>:target~.vanchor-text{background-color:#b1d2ff}PMRC. Penske Media Corporation's Executive Team ranks in the Top 25% of other companies in Los Angeles and Top 15% of other companies on Comparably that also have 501-1,000 Employees. Headquartered in New York and Los Angeles with additional offices in 12 countries worldwide, Penske Media is the way global business leaders and influencers are informed, connected, and inspired. While revenue slipped 4%, it beat Wall Street expectations, as did earnings per share of 92 cents. Signup for Breaking News Alerts & Newsletters. In the 1990s, the magazine shifted focus to a younger readership interested in youth-oriented television shows, film actors and popular AT40-based music. Penske Automotive Group, Inc. is a member of the Fortune 500 and Russell 1000 and has 16,000 employees. 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 . The most common ethnicity among Team Penske executive officers is White. We are always seeking expertise and perspectives we can surround our clients with to ensure their creative ambitions are being recognized on the biggest stages and reaching the broadest audiences, said WME Co-Chairmen Christian Muirhead and Richard Weitz in a statement to Deadline. But we are so fortunate to have the fabulous and tenured leadership team at NBCUniversal. Team Penske has 750 employees, of which 26 are in a leadership position. Also on the docket are a decision about a one-third stake in Hulu as a put-call arrangement with Disney reaches a deadline, sports rights bidding and potential M&A opportunities with Warner Bros Discovery, Paramount Global or other players. Working across more than 23 of PMC's media brands to develop marketing and user acquisition . Team Penske is 5% female and 95% male company-wide. Geller remained the website's Editor in Chief after the sale. Copyright 2023 Penske Media Corporation. "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. Michelle Obama Joins Bruce Springsteen On Vocals, Tambourine During Spain Show, Netflix Lands Adam McKays New Comedy Average Height, Average Build, Nina Bloomgarden, James Tupper, Theo Germaine & Paige Collins Board Indie Erotic Thriller Good Girl With Mary Beth Barone, Lulu Wilson, Omari Hardwick & Trae Romano Set For Hartbeats Alien Invasion Pic Xeno From Writer-Director Matthew Loren Oates, Talaria Media Lands Arigato Tokyo Feature Pitch; Kappa Studios Unveils Revenue-Sharing Distro Platform; All These Sons, Dealing With Dad, Peter Case: A Million Miles Away Acquisitions; More Film Briefs, WGA & AMPTP Set More Talks For Today; Guild & Studios Still Far Apart, Serious Moments For Media Give Way To Satire & Mirth; Biden & Wood Remarks, Plumbs Another Domestic Win At $38M; Karting Past $1 Billion Global. 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. 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. Los Angeles Metropolitan Area. Penske Corporation manages businesses with revenues in excess of $18 billion, operates in more than 1,700 locations and employs 40,000 people worldwide. Sep 2020 - Present2 years 5 months. Gross profit was $138 million, or . Penske Media Corporation (PMC) (/pnski/) is an American digital media, publishing, and information services company based in Los Angeles and New York City. [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 India.com web portal and seven other portals. Awesome team of other designers and collaborate on projects. [6], In early 2009, the company announced the purchase of Deadline Hollywood Daily (now known as Deadline.com). MRC also has produced the Emmy-winning Netflix [26] Additional acquisitions from 2017 to 2018 include SHE Media, Sourcing Journal,[27][28] and Art Media Holdings, which includes Art in America and ARTnews. Castroneves has 18 career victories, including the Indianapolis 500 in 2001 and 2002. BGR.com is a tech and gadget blog originally founded by Jonathan Geller and purchased by PMC in 2010. Hair has also been named to an executive vice president role at parent company Allen Media Group. Management. The site targets women ages 18 to 35 and attracts an audience of 35 million visitors per month. Marc Althen President Pete Bayer Senior Vice President of Operations Steve Beverly Senior Vice President of Finance Jeff Bullard Senior Vice President of Operations Dave Bushee Senior Vice President of Logistics Technology David Eaton He began his career at several local TV stations, moving into leadership roles at CNN/Turner Broadcasting. [11] The site was designed to compete with other portals like Indiatimes.com, Yahoo!, and Rediff.com. About PMCPenske Media Corporation (PMC) is a leading digital media and information services company whose award-winning content attracts a monthly audience of more than 240 million and empowers more than 1 million global CEOs, executives, andthought-leadersin business markets that impact the world. Bonnie Raitt is undergoing surgery for an undisclosed "medical situation," according to a statement issued by her team on social media. 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. As President, Cindric has management responsibility for Penske Performance operations that include teams competing in NASCAR, the IndyCar Series and the American Le Mans Series. Job specializations: Retail. 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. Previously working as a publicist for the Seattle Film Festival, Chan began her career at the regional entertainment publicity and promotions agency, Terry Hines & Associates, after graduating from the University of Washington with a B.A. This includes Penske Racings marketing, sponsorship, licensing and PR responsibilities. "The PMC principles and values are quite literally our guiding light. 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. [15] PMC received financial backing from hedge fund Third Point LLC. Deadline, also known as Deadline Hollywood or Deadline.com and previously known as news blog Deadline Hollywood Daily, is an online magazine founded by Nikki Finke in 2006. Penske Automotive Group's key executives include Roger S. Penske and 22 others. Carlson Executive Vice President and Chief Financial Officer Send us a tip using our annonymous form. The business is best known for its auto dealerships, which. from 8 AM - 9 PM ET. PMC is a constellation of global media brands fueled by remarkable content across our digital, video, print, and event properties. 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.". The Indianapolis Motor Speedway has hosted the world's largest single-day sporting event - the Indianapolis 500 Mile Race - for more than 100 years. [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. [3] [4] It began as an affinity marketing and internet services company called Velocity Services, Inc. [3] The company acquired the Mail.com domain and was renamed to the Mail.com Media Corporation (MMC). [42], Hollywoodlife.com is an entertainment, celebrity, and fashion news website founded and run by former US Weekly, Marie Claire, and Glamour editor, Bonnie Fuller. The venue has also hosted NASCAR, Formula One and other racing [] 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. 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. Deadline is a part of Penske Media Corporation. [48][49][50], Other properties under the PMC banner include the Boy Genius Report (or BGR.com), TVLine, SHE Media, and Sourcing Journal. 11% of Team Penske's management is Black or African American. 04/29/2023. A second partnership with MRC will focus on producing content built around stories from all of the PMC outlets. He currently lives in Los Angeles. "Let Variety and the Flying V logos are trademarks of Variety Media, LLC. [31], In December 2022, PMC acquired the contemporary art magazine Artforum and Bookforum. 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. Penske also is a Director of the Downtown Detroit Partnership and a director of Business Leaders for Michigan. Penske Media Corporation (PMC) is a leading digital media and information services company whose award-winning content attracts a monthly audience of more than 240 million and empowers more than 1 . [45] It launched on June 30, 2020,[46] hiring several reporters who previously worked at the sports business division of Bloomberg News. 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. Her team will service client marketing, publicity and social media consulting, initially including Anu Bhatia (film) and Melissa Martinez (film sales) in client marketing; Killian Lewis, Jon Olivero and Rachel Moore in client publicity; and Samantha Brown in client social. The deals also bring under shared control MRC music publications Billboard and Vibe. Penske Motorsports, Inc., a wholly owned subsidiary of Penske Racing, Inc., fields two Porsche RS Spyders exclusively in the American Le Mans Series. Up to 5 Additional duties include the management of the company's infrastructure and data center. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. To learn more about PMC and its constellation of iconic brands, please visitwww.pmc.com. Penske Media Corporation was founded by Jay Penske in 2003. Send us a tip using our annonymous form. [22] Michael Schneider, the Editor in Chief of TV Guide, joined IndieWire.com as Executive Editor shortly after the PMC acquisition, joining editorial leaders Anne Thompson, Eric Kohn, and editor Dana Harris. Penske Automotive Group, Inc. (NYSE:PAG) operates over 300 retail automotive franchises, representing 40 different brands and 26 collision repair centers. Beginning in 2016, Shutterstock had an exclusive right and license to PMC's fashion and entertainment archives. Penske Racing, Inc. is the most successful Indy car racing team in history with 134 race wins, 12 National Championships and 170 pole positions. Transportation Resource Partners is a $265 million private equity fund formed by Penske Corporation. Like its media peers, it is looking to balance investments in streaming with declining traditional networks. Under PMC, Rolling Stone became a monthly publication in America, but still mixed music coverage with politics and articles on popular culture.[41]. Penske Media Corporation (PMC) announced today that after a decade of partnership and co-ownership of Hollywood Life, founder Bonnie Fuller, President and Editor-in-Chief of Hollywood Life,. Penske Truck Leasing Co., L.P. is a joint venture of Penske Corporation and General Electric. For the full year, net sales increased 10.8% to $357.4 million. By subscribing, I agree to the Terms of Use and Privacy Policy. Team Penske may also be known as or be related to Carolina North Motorsports Fou, Penske Racing and Team Penske. The Penske Media Corporation management team includes Jay Penske (Chairman and CEO), Michael Monroe (Chief Marketing Officer and Head of PMC Studios), and Andrew Limpus (Associate Vice President, Talent and Recruiting) . 8% of Team Penske management is Hispanic or Latino. Opinions expressed by Forbes Contributors are their own. The group retails Toyota, Lexus, Honda and Mercedes-Benz vehicles. Denker assumed responsibility for Penske Corporation's marketing and communications functions after joining the company in 2005. 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. 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. Penske Corporation also owns several transportation-related manufacturing businesses. "Penske Media has become synonymous with entertainment,cultureand business. CW Parent Nexstar Media Group Reports $39.3M In Total 2022 Pay For CEO Perry Sook, AMC Networks Paid Former CEOs Christina Spade, Matt Blank, Josh Sapan A Combined $40M In 2022, Endeavor CEO Ari Emanuels Pay Drops To $19.1 Million In Year Following IPO Windfall. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Get our latest storiesin the feed of your favorite networks. Read full bio | Downloadable PDF version. Cavanagh and CFO Jason Armstrong will lead earnings calls with Wall Street analysts for the foreseeable future, Roberts added. Must<br><br>be able to solve problems. Fairchild Fashion Media is a digital media, publishing, and events company that owns multiple fashion-related content properties. All Rights Reserved. He also formerly owned a rare-books store, a notable interest for someone whose other publishing assets have been substantially digital. Roberts said the company is lucky to have Cavanagh in that role. million verified professionals across 35 million companies. The Penske team captured back-to-back LMP2-class championships in 2006 and 2007 and ended the '07 season with 11 consecutive class victories among its two entries. 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. PMC purchased Fairchild properties from Cond Nast in late 2014. Comcast CEO Brian Roberts kicked off the companys first-quarter earnings call by delivering brief comments about the abrupt dismissal of NBCUniversal chief Jeff Shell last Sunday. 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. All content 2023 Team Penske. Signup for Breaking News Alerts & Newsletters. Retail Manager, Store Manager, Assistant Manager. NYT Why AI Has Some Viewers Asking Which Film Actors Are Real. [14], Sometime in 2012, MMC re-branded itself as Penske Media Corporation. He will work across PMC's portfolio. BeforeSundance,hewas Vice President of Marketing for The Atlantic and head ofthatpublisher's in-house studio, AtlanticRe:think. We couldnt be more excited to welcome her to our leadership team and introduce her to our wide-ranging client roster.. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. In addition to his other management responsibilities, he serves as Vice Chairman of Penske Racing.. NFLX All Rights Reserved. MMC would remain the primary content provider for Mail.com, but the email service itself was operated by United Internet and its GMX email platform. 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Movie Officially Smashes $1 Billion Globally, Bill Hader Is Open to Playing Stefon Again, One Year After Saying He Might Retire the Character Due to Being Seen as a Stereotype, Netflixs Saudi Arabian Psychological Thriller The Matchmaker Tackles Controversial Subject of Temporary Marriages, Says, The Late Late Show With James Corden Series Finale Scores 1.43 Million Viewers, Box Office: Super Mario Bros. Triumphs Again in Fourth Weekend, Are You There God? Debuts to Dispiriting $6.8 Million, How Wynonna Judds Judds Final Tour Resulted in a Celebratory, All-Star Concert Special and a Doc That Deals With Grief, The Super Mario Bros. 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? Former race car driver Roger Penske is the founder, chairman and CEO of publicly-traded car and truck dealer Penske Automotive Group. 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. None of the information on this page has been provided or approved by Team Penske. [17], In late 2014, PMC purchased Fairchild Fashion Media from Cond Nast for just under $100 million. 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. @sportico would like to welcome the first members of our editorial team: @McCannSportsLaw , @novy_williams , @HowieLongShort , @pjschwartz1 , @Boomskie , @JacobFeldman4 and @LevAkabas . [12] In April 2010, MMC purchased Jonathan Geller's Boy Genius Report (BGR), a tech and gadget blog, for an undisclosed amount of money. Monroegraduated from Boston University with a Bachelor of Science in Communication andcompleted theCORE Credential programwith Harvard Business School Online. The original American Rolling Stone magazine was founded in San Francisco in 1967 by magazine publisher Jann Wenner and the music critic Ralph J. Gleason. 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. You may opt-out by. Leadership Team > Jeff Bullard Jeff Bullard Senior Vice President of Operations Jeff Bullard is senior vice president of operations for Penske Logistics. , have invested considerable resources in similar production and content-development arrangements, trying to keep more of the revenue potential from stories gathered by their writers. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Walter Czarnecki - Walter P. Czarnecki, 64, is Executive Vice President, a member of the Executive Committee and a Director of Penske Corporation. Billboard, Vibe and the Reporter will join PMCsVariety, Rolling Stone and Music Business Worldwide.. Shell had risen through the ranks at the company to become CEO of NBCU in 2020, succeeding Steve Burke. CinemaCon Wrap: Oppenheimer, Napoleon, Flower Moon, Others In Oscar Mix. The Detroit product portfolio has expanded to include advanced safety systems and telematics, delivering a total . Prior to joining PMC,Monroeserved as Chief Marketing Officer for the nonprofit Sundance Institute, which hosts the Sundance Film Festival each January in Park City, where he was responsible for brand strategy, social media and content, design, public relations, and communications for the Festival and the Institute overall. [30], In February 2022, the company acquired a majority stake in Life Is Beautiful Music & Art Festival, which will be run under Rolling Stone.

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