Penske, Jay — Penske Media Corp. | Los Angeles Business Journal

Penske, Jay — Penske Media Corp. Jay Penske

Chairman and Chief Executive

Penske Media Corp.

THE LATEST: Penske's PMC announced plans on April 2 to launch sports business platform Sportico, marking the company's first investment in the field of sports. Sportico plans to provide industry news, data, information, strategies, leadership, insight and live media. It will have offices in New York and Los Angeles and reporters around the world.

BACKGROUND: Penske has built the company he founded in 2004 into a print and digital business that reaches more than 220 million consumers per month. PMC owns 22 media brands, including Variety, Deadline.com, Robb Report and Rolling Stone. Penske previously built and sold Mail.com and was co-founder of Firefly, the first mobile phone for kids. He has sat on the boards of the Wharton Entrepreneurial School, the American Film Institute and the Paley Center for Media. The son of auto-racing legend Roger Penske, he also owns and operates the Dragon Racing team in the Formula-E series.

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