Penske Media Corporation

Penske Media Corporation operates from major hubs in Los Angeles and New York City, managing a sprawling portfolio of more than twenty digital and print brands. Under the steady leadership of founder Jay Penske, who serves as both Chairman and CEO, the company owns industry staples like Rolling Stone, Variety, and The Hollywood Reporter. Specialized publications such as Billboard, Women's Wear Daily, and Robb Report round out a collection built on authority and deep industry access.

In June 2026, the corporation executed a strategic expansion by acquiring Vox Media, the home of The Verge, Eater, Polygon, and SB Nation. This move created what analysts describe as the world's largest digital media publisher. The acquisition followed aggressive consolidation efforts, including taking full ownership of the South by Southwest festival in August 2026 after holding a minority stake for years. [edit]