August 30, 2016 3:16 PM ET

Media

Company Overview of Penske Media Corporation

Company Overview

Penske Media Corporation operates as a digital media, publishing, and information services company in the United States, the United Kingdom, Canada, Australia, Germany, India, Mexico, China, Italy, and France. It offers video strategy, production, and business development of entertainment news for television, Web, and multi-media screens; a network for entertainment news on social platforms; a publication for reporting on industry trends and marketplace developments in the beauty community; a site to provide analysis on products in the mobile and gadget category, and technology news; and a site for Bollywood gossips, news, and reviews. The company also operates a site to offer commentary and...

11175 Santa Monica Boulevard

Los Angeles, CA 90025

United States

Founded in 2003

Phone:

310-321-5000

Fax:

310-321-5001

Key Executives for Penske Media Corporation

Founder, Chairman and Chief Executive Officer
Vice President of Finance
Chief Operating Officer and Director
Executive Vice President of Business Affairs, Corporate Secretary and Director
Senior Vice President of Entertainment and Publisher of Deadline
Compensation as of Fiscal Year 2016.

Penske Media Corporation Key Developments

Penske Media Corporation Names George Grobar as Chief Operating Officer

Penske Media Corporation appointed George Grobar as Chief Operating Officer. Grobar, who most recently served as Executive Vice President for the company, will be responsible for working with PMC business leaders to develop growth plans and achieve PMC's operational and financial plans across its impressive portfolio of brands (Variety, WWD, Footwear News, Deadline, Indiewire, TVLine, Hollywood Life, Gold Derby, Variety Latino). With PMC's aggressive expansion plans, the company's scale and number of businesses continue to grow. As Chief Operating Officer, Grobar will be focused on ensuring the smooth and effective integration of acquisitions, continuing to expand PMC's digital footprint, and working with the leadership teams across the company to deliver improving financial and business performance. Grobar will be overseeing all PMC sales and operations. He will also be responsible for all organizational plans and budgets company-wide. Grobar joined Penske Media in 2009 and, in addition to his new COO role, he will continue to serve as a Director on the PMC Board as well as on the Board of PMC's joint venture in India with Zee TV. Grobar joined PMC as Chief Financial Officer and was actively involved in integrating several new acquisitions into the company, building the PMC join venture operations in India (which includes India.com, Bollywoodlife.com, The Health Site, Cricket Country and BGR India). Grobar also played a lead role in the integration of the Variety and Fairchild operations. Grobar came to PMC with over two decades of financial and operational experience in new media, consumer products and technology enterprises. Prior to joining PMC, Grobar spent 13 years at The Walt Disney Company, and 8 years in manufacturing and product development at Unisys Corporation.

Penske Media Corporation Announces New Partnership with Tokyo Sangyo Shimbun, Inc. to Launch Variety-Japan

Penske Media Corporation announced a new partnership with Tokyo Sangyo Shimbun, Inc. to launch Variety-Japan, to deliver Variety's revered entertainment content direct to a Japanese audience, signaling PMC's move toward more such globally-targeted content from its more than 20 media brands. Under the multiyear license, Tokyo Sangyo Shimbun, Inc. will launch and manage Variety-Japan, a Japanese language version of Variety.com on September 28, 2015. Headquartered in Tokyo, Japan, Tokyo Sangyo Shimbun, Inc. runs 'Gadget Tsushin' and brings to the PMC's editorial and business teams key understanding of today's Japanese audience. Together, the two companies will deliver to Japanese readers tailored and translated content from Variety magazine and Variety.com for this new Variety-Japan destination. Variety brings to the Tokyo Sangyo Shimbun, Inc. team its breaking entertainment news, movie and film reviews, box office results, cover stories, analysis, videos, photo galleries and more. In addition, the Variety business includes a comprehensive Hollywood industry database a comprehensive resource that includes production charts and calendars, with archived content dating back to Variety's founding in 1905. Variety has 110 years great history. Variety-Japan would be a Japanese language version of this authoritative media.

Shutterstock Signs License Deal with Penske Media

Shutterstock announced that it has signed an agreement with Penske Media. Financial terms weren't disclosed. With the agreement, the digital content firm will have an exclusive worldwide right and license to Penske's archive, including images from its 100-year-old publications Variety and WWD. Shutterstock will also have access to Penske's events, galas, summits and conferences to capture moments, as well as license the imagery to the world's media. Furthermore, Shutterstock will provide Penske with its WebDAM digital asset management service.

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