Over the past few years, the automotive scion Jay Penske has quietly established himself as a major media player by acquiring flagging print titles and painstakingly resuscitating them. Photo by Adam Warner/LAT/Formula E via Getty Images. I’ve learned that effective January 22, P.M.C. read now. Rolling Stone est un magazine bimensuel américain sur la pop culture mais à dominante musicale, créé à San Francisco en 1967 par Jann Wenner et par le critique de musique jazz Ralph J. Gleason. Revenue is generated through advertising and subscription sales. © 2021 Condé Nast. Penske bought 51% of Rolling Stone off the magazine’s founder Jann Wenner in late 2017. — Your passport to Vanity Fair’s 25th Hollywood Issue with Saoirse Ronan, Timothée Chalamet, Chadwick Boseman, and more. Rolling Stone’s parent company, Penske Media Corporation (PMC) , is a leading digital media company, publishing, and Information Services Company founded in 2003. Currently, Rolling Stone reaches more than 60 million people per month in print and online, and Fine…, Copyright © 2021 Penske Media Corporation. Penske Media owns Variety, Women's Wear Daily, IndieWire, and other titles. With all of Rolling Stone now under his belt, perhaps Penske’s shopping spree will cool somewhat. Staying true to its mission to tell exceptional stories that illuminate the culture of our times, Rolling Stone is an authority for music reviews, in-depth interviews, hard-hitting political commentary and award-winning journalism across print, digital, mobile, video, social and events. Penske Media Corp said late Wednesday it is buying a majority stake in the Rolling Stone magazine from its New York-based publisher, Wenner Media. also owns Deadline, Hollywood Life, Robb Report, and other titles. (In early 2018, Saudi Arabia’s Public Investment Fund gave P.M.C. Sports Illustrated is still on the market, and last year there was early speculation that Penske might have his eye on it, but other bidders emerged and the sale has been stalled. Illustration: Sarah Grillo/Axios. At Rolling Stone, Jay Penske is seen by staffers as a saviour of print for what he did at Variety, with his launch of women’s magazine Muse from the Robb Report and the expanded pagination of Rolling Stone itself, as a monthly. Penske Media, owner of WWD (formerly Women's Wear Daily), Variety and Rolling Stone, has shut down all nine floors of its New York City offices after one confirmed case of … Last week, Penske Media Corporation signed a deal to purchase the rest of the magazine, following a majority takeover in 2017. It is making what it called a "strategic investment" in Wenner Media, … purchased the 49 percent of Rolling Stone it didn’t already own, from minority owner BandLab Technologies. Operated and published by Penske Media Corporation, Rolling Stone provides “all the news that fits.”, The AirPods Pro Are Back Down to $199 on Amazon – Cheaper Than Apple’s Own Site, How to Watch UFC 259 Online: Live Stream Blachowicz vs. Adesanya on ESPN+, Chris Stapleton Teams Up With Buffalo Trace Distillery for Disaster Relief Auction, Jann Wenner is Editorial Director of Wenner Media and the founder of Rolling Stone. Rolling Stone is an American monthly magazine that focuses on music, politics, and popular culture. L e groupe Penske Media a pris une « participation stratégique » dans la holding qui contrôle le magazine culturel américain Rolling Stone, selon un communiqué publié mercredi.Selon plusieurs médias américains, il s’agirait d’une participation majoritaire, dont le prix d’acquisition valoriserait le titre à 100 millions de dollars. Penske Media, MRC Form Database Joint Venture ... Rolling Stone, Billboard, Vibe and Music Business Worldwide. Billboard: Billboard/Rolling Stone Executive Director, Brand Partnerships National Entertainment/Tech Penske Media Corporation Los Angeles, CA 1 day ago Be among the first 25 applicants Penske already owns Rolling Stone and Music Business Worldwide, as well as IndieWire, Gold Derby, TV Line, She Media, Boy Genius Report, Hollywood Life, … Penske Media Corporation (PMC) is an American digital media, publishing, and information services company based in Los Angeles and New York City. read now. quietly established himself as a major media player, made Kellyanne Conway a formidable White House player. Le groupe Penske Media a pris une «participation stratégique» dans la société qui contrôle le magazine culturel américain «Rolling Stone», selon un communiqué publié mercredi. Rolling Stone provides “all the news that fits” to a global audience of approximately 60 million people every month and publishes over 100 pieces of content every day. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. As I previously reported, some of the earliest issues of the Penske era generated much-needed buzz and scored positive reviews from music and entertainment-industry types. Operated and published by Penske Media Corporation, Rolling Stone provides “all the news that fits.” visit website. Wenner’s commitment to quality journalism has kept…, Gus Wenner is the President and Chief Operating Officer of Rolling Stone, the leading voice of music and popular culture for over 50 years that reaches 60 million people every month. Les deux sociétés vont regrouper MCR Data (anciennement Nielsen Music), qui fournit les charts de Billboard, avec Alpha Data (anciennement BuzzAngle), producteur […] But his fondness for the publication led to real results. Penske Media Corp. (PMC) is planning to merge the back end functions of three of the top music news publishers in the U.S., according to two sources familiar with the company's plans. Penske even chose to put his New York office right in the middle of Rolling Stone's editorial department. Rolling Stone ’s most recent evolution started when Penske purchased a majority stake from founder Jann Wenner in 2017; the company obtained the rest of the magazine last year. Penske, which owns the trade publications Variety, Deadline and Women’s Wear Daily, has acquired a controlling stake in Wenner Media, whose prime asset is Rolling Stone magazine. P.M.C. Staying true to its mission to tell exceptional stories that illuminate the culture of our times, Most recently, at the end of last year, the company snatched up Peter Brant’s art-world publishing empire. 1 March 2021, 2:12 pm. Penske Media Corp. is now the sole owner of Rolling Stone magazine. In 2012, Penske Media Corporation bought Variety. Penske Media Corporation announced Wednesday (Dec. 20) that it has acquired a 51 percent majority share in Wenner Media, parent company of Rolling Stone… Penske Media Corporation has finalized the purchase of the remaining 49 percent stake in Rolling Stone from BandLab Technologies, MusicRow has confirmed. Rolling Stone is an American monthly magazine that focuses on music, politics, and popular culture. But media watchers will remain curious about other potential P.M.C. Rolling Stone’s parent company, Penske Media Corporation (PMC), is a leading digital media company, publishing, and Information Services Company founded in 2003. Later in the year, following the killing of dissident Saudi journalist Jamal Khashoggi, corporate America’s deep ties to the Saudis came under scrutiny.) All rights reserved. Powered by WordPress.com VIP, President and Chief Operating Officer of Rolling Stone. John Oliver Examines Damage Done by … Rolling Stone is owned by Penske Media Corporation, which is a digital media publisher that publishes more than 20 brands including Variety and Deadline Hollywood. As The Post reported Wednesday, PMC CEO Jay Penske, son of auto-racing kingpin Roger Penske, will manage the newly combined company’s trade titles, the … Looking for more? Get Penske Media Corporation Rolling Stone Magazine (each) delivered to you within two hours via Instacart. Analysis / Bias. has taken the magazine monthly, redesigned its print edition and Web site, and expanded its events component. targets. Rolling Stone is owned by Penske Media Corporation, which is a digital media publisher that publishes more than 20 brands including Variety and Deadline Hollywood. U.K. Jazz Artist Theon Cross to Perform as 3D Digital Avatar at SXSW. Jay Penske during the Julius Baer Punta del Este Formula E race on December 19, 2015 in Punta Del Este, Uruguay. The freshest-and most essential-updates from Washington, Wall Street, and Silicon Valley. full control of the legendary music brand, including its events, licensing rights, and international editions. It also announced a content … In December 2017, Penske bought up Jann Wenner’s remaining stake in Rolling Stone, his biggest trophy. There were some layoffs related to the merging of companies, but overall, employees told me that the future under Penske was feeling bright compared to the years of downturn that they’d weathered. Jay Penske, who also owns entertainment business magazine Variety, and PMC look forward to being a big part of what happens next. Contactless delivery and your first delivery is free! The partnership, under a license agreement with Rolling Stone’s parent company, Penske Media Corporation, marks the brand’s tenth international edition. Scoop: Rolling Stone, Billboard and Vibe merge business sides amid DOJ probe. Rolling Stone provides “all the news that fits” to a global audience of approximately 60 million people every month and publishes over 100 pieces of content every day. Penske Media owns Variety, Women's Wear Daily, IndieWire, and other titles. Analysis / Bias. Penske also kept Wenner around in an emeritus capacity while retaining Wenner’s son, Gus, as president and chief operating officer. PMC's Chairman and CEO since founding is Jay Penske. 1 March 2021, 2:00 pm. Le groupe Penske Media a pris une "participation stratégique" dans la holding qui contrôle le magazine culturel américain "Rolling Stone", selon un communiqué publié mercredi. Jann Wenner is selling a stake in Rolling Stone magazine to Penske Media, but staying on board as editorial director. penske media and mrc form publishing and content ventures Newly Established PMRC Will Steward Rolling Stone, The Hollywood Reporter, Variety, Billboard, Vibe and Music Business Worldwide Now, Penske has gone in for the rest. Start shopping with Instacart now to get products, on-demand. — The leaking, gossiping, and infighting that made Kellyanne Conway a formidable White House player, — Why old news habits must die—so that real journalism can live, — Nancy Pelosi is America’s most powerful power-suit boss. Rolling Stone used to be worth much more; Mr. Wenner once boasted he had turned down a $500 million offer for the magazine. In his role, he is in charge of all content, editorial strategy and operations, and manages a large staff of editors, writers, designers and producers. Use of this site constitutes acceptance of our User Agreement (updated as of 1/1/21) and Privacy Policy and Cookie Statement (updated as of 1/1/21) and Your California Privacy Rights. According to Recode, a business and tech news site, Penske is buying a majority interest in Wenner Media, which effectively gives it control of Rolling Stone. Sign up for our daily Hive newsletter and never miss a story. Will be used in accordance with our Privacy Policy. Taylor Swift called out Netflix and its new show Ginny & Georgia for a “deeply sexist joke” made at her expense. Sara Fischer, Margaret Harding McGill. In review, Rolling Stone is a monthly magazine and website that covers music, pop culture, and politics. Ad Choices. Le titre est aujourd'hui publié dans dix … That gives P.M.C. NEW YORK – Rolling Stone is pleased to announce the launch of Rolling Stone Australia. The Gilmore Girls-esque dramedy about a … Rolling Stone Seeks New Editor Amid Industry-Wide Leadership Shuffle Jason Fine, a two-decade-plus veteran of the magazine, is moving into a new role. The purchase includes all event and licensing rights as well as the parallel entity Rolling Stone International. In a release announcing the deal, Penske … Rolling Stone magazine is offering “thought leaders” the chance to write for its website if they are willing to pay $2,000 to “shape the future of culture”. Revenue is generated through advertising and subscription sales. "Our interest in Rolling Stone is driven by its people, its cultural significance and the globally recognized brand that has no peer in its areas of influence," Penske said. Wenner runs the day-to-day operations of the company and drives the strategic vision of the world’s most iconic music and culture publication. It publishes more than 20 digital and print brands, including Variety, Rolling Stone, WWD, Deadline Hollywood, BGR, and others. Selon plusieurs médias américains, il s'agirait d'une participation majoritaire, dont le prix d'acquisition valoriserait le titre à 100 millions de dollars. Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. — Is Kamala Harris the 2020 candidate to beat? From its inception in 1967, Rolling Stone became the voice of a generation, and is one of the most successful and iconic magazines in publishing history, with numerous accolades including 15 National Magazine Awards. Penske Media to Operate The Hollywood Reporter, Billboard, Vibe in Deal with MRC. Terms of the purchase could not be confirmed, but BandLab invested $40 million for its shares in the publication, while Penske’s initial stake—which brought an end to Wenner’s 50 years of ownership—cost him around $50 million. In December 2017, Penske bought up Jann Wenner’s remaining stake in Rolling Stone, his biggest trophy. Penske Media Corp. said it has made a strategic investment in Wenner Media, the owner of Rolling Stone, the iconic pop culture and music magazine founded a half-century ago. Watch Jane Fonda’s Moving Acceptance Speech at the 2021 Golden Globes.
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