Jay Penske’s Media Takeover Takes its Next Step With a Major Investment in Vox Media

Jay Penske has quietly gobbled up dozens of entertainment publications over the years. Today, the media executive has a foothold in nearly every corner of the industry, from music (Penske Media Corporation owns Billboard, Rolling Stone, Vibe) to Hollywood (The Hollywood Reporter, Variety, Deadline, IndieWire, TVLine, Gold Derby) to art (ARTnews, Art in America, Artforum) and fashion (Women’s Wear Daily). PMC has also gotten into live events, including a controlling stake in Austin’s South by Southwest festival. On Monday, Penske’s spree continued with a $100 million investment in Vox Media. “As a result of the investment, Penske Media will own… Read Full Article