About Penske Media Corporation
Penske Media Corporation is a company based in Los Angeles (United States) founded in 2003.. Penske Media Corporation has raised $235 million across 2 funding rounds from investors including Public Investment Fund and Quadrangle Group. The company has 1,018 employees as of December 31, 2022. Penske Media Corporation has completed 12 acquisitions, including ATX TV Festival, Art Media Holdings and Artforum International Magazine. Penske Media Corporation offers products and services including Billboard, Variety, Rolling Stone, The Hollywood Reporter, and IndieWire. Penske Media Corporation operates in a competitive market with competitors including Webedia, Vox Media, Group Nine Media, Red Ventures and UOL, among others.
- Headquarter Los Angeles, United States
- Employees 1018 as on 31 Dec, 2022
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Sectors
Media & Entertainment
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Penske Media Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$235 M (USD)
in 2 rounds
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Latest Funding Round
$200 M (USD), Series C
Feb 28, 2018
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Investors
Public Investment Fund
& 1 more
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Employee Count
1018
as on Dec 31, 2022
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Investments & Acquisitions
ATX TV Festival
& 11 more
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Products & Services of Penske Media Corporation
Penske Media Corporation offers a comprehensive portfolio of products and services, including Billboard, Variety, Rolling Stone, The Hollywood Reporter, and IndieWire. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for music industry news and events coverage.
Source for film, TV, and entertainment industry insights.
Outlet for music, politics, and pop culture reporting.
Resource for Hollywood news and industry analysis.
Platform for independent cinema news and reviews.
Service for timely entertainment industry updates.
Source for fashion, beauty, and retail industry trends.
Guide to luxury goods and high-end experiences.
Festival for interactive media and cultural events.
Forum for contemporary art and criticism discussions.
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Software Development Team
36 people
Leadership Team
31 people
Finance and Accounting
15 people
Human Resources and Administration
10 people
Sales and Marketing
9 people
Board Team
8 people
Product Management Team
6 people
Legal and Compliance
6 people
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Funding Insights of Penske Media Corporation
Penske Media Corporation has successfully raised a total of $235M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $200 million completed in February 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series C — $200.0M
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First Round
First Round
(21 Oct 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2018 | Amount | Series C - Penske Media Corporation | Valuation | Public Investment Fund |
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| Oct, 2008 | Amount | Series A - Penske Media Corporation | Valuation | Quadrangle Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Penske Media Corporation
Penske Media Corporation has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Public Investment Fund and Quadrangle Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in information and communication technology sectors.
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Founded Year | Domain | Location | |
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Manages investments in energy, real estate, and technology to support national development.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Penske Media Corporation
Penske Media Corporation has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include ATX TV Festival, Art Media Holdings and Artforum International Magazine. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Print and publishing services are offered to various clients.
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2016 | ||||
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Provider of event management, panel discussion, and festival showcase services
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2011 | ||||
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Official site of fashion magazines
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Penske Media Corporation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Penske Media Corporation Comparisons
Competitors of Penske Media Corporation
Penske Media Corporation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Webedia, Vox Media, Group Nine Media, Red Ventures and UOL, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple online media and lifestyle brands are owned and operated.
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| domain | founded_year | HQ Location |
Digital media publishing network
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| domain | founded_year | HQ Location |
Digital-first media network
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| domain | founded_year | HQ Location |
Web development, digital marketing, and market analytics services are provided.
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| domain | founded_year | HQ Location |
Online news and digital services are provided in Portuguese.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Penske Media Corporation
Frequently Asked Questions about Penske Media Corporation
When was Penske Media Corporation founded?
Penske Media Corporation was founded in 2003 and raised its 1st funding round 5 years after it was founded.
Where is Penske Media Corporation located?
Penske Media Corporation is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Penske Media Corporation a funded company?
Penske Media Corporation is a funded company, having raised a total of $235M across 2 funding rounds to date. The company's 1st funding round was a Series A of $35M, raised on Oct 21, 2008.
How many employees does Penske Media Corporation have?
As of Dec 31, 2022, the latest employee count at Penske Media Corporation is 1,018.
What does Penske Media Corporation do?
Founded in 2003 and headquartered in Los Angeles, United States, Penske Media Corporation operates in the digital media sector. Content is published through over 20 brands, reaching audiences via web, television, mobile, print, and social media. Key operations include PMC Studios for production and sites such as Variety, Deadline.com, IndieWire.com, and WWD, alongside regional outlets like India.com and Bollywood Life.
Who are the top competitors of Penske Media Corporation?
Penske Media Corporation's top competitors include Webedia, Vox Media and Ziff Davis.
What products or services does Penske Media Corporation offer?
Penske Media Corporation offers Billboard, Variety, Rolling Stone, The Hollywood Reporter, and 6 more products and services.
How many acquisitions has Penske Media Corporation made?
Penske Media Corporation has made 12 acquisitions, including ATX TV Festival, Art Media Holdings, and Artforum International Magazine.
Who are Penske Media Corporation's investors?
Penske Media Corporation has 2 investors. Key investors include Public Investment Fund, and Quadrangle Group.
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