Penske Media Corporation

Penske Media Corporation
FormerlyVelocity Services (2003–2007)
Company typePrivate
Industry
PredecessorMail.com Media Corporation (2007–2012)
Founded2003 (2003)
FounderJay Penske
Headquarters11175 Santa Monica Boulevard, Los Angeles, California, U.S.
Key people
Jay Penske (CEO)
Brands
OwnerJay Penske
(60%)
DivisionsPenske Business Media
PMC Studios
SubsidiariesPenske Media Eldridge (JV)
Websitepmc.com
Footnotes / references

Penske Media Corporation (PMC /ˈpɛnski/) is an American mass media, publishing, and information services company based in Los Angeles and New York City. It publishes more than 20 digital and print brands, including Variety, Rolling Stone, Women's Wear Daily, Deadline Hollywood, Billboard, The Hollywood Reporter, Robb Report, Artforum, ARTNews, and others. PMC's Chairman and CEO since founding is Jay Penske.

In addition to media publications, Penske Media Corporation owns the Life Is Beautiful Music & Art Festival and is a 50 percent stakeholder in South by Southwest. It is also the owner of Dick Clark Productions which includes the award shows Golden Globe Awards, American Music Awards, Streamy Awards, Academy of Country Music Awards, and the Billboard Music Awards.