Anger over the purchase flared up again this summer. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. The so-called Red Sea Week welcomed 75 of the world's 100 largest superyachts. ", Rolling Stone used to be the home of Hunter S. Thompson, now people are tweeting #BoycottRollingStone after their ties to Trump and the Saudis have been exposed.https://t.co/C7KAf8vHPz, You shit all over your legacy for a combed over traitor. Over the past decade or so, Penske Media Corp. Chairman and CEO Jay Penske, the youngest son of famed billionaire racing-team owner Roger Penske, has slowly aggregated control over most of the major outlets covering the day-to-day business of Hollywood and the music business. How allegations of links to Donald Trump sparked Boycott Rolling Stone and led to fury, 'The Demise of Rolling Stone: How A Legendary Magazine Sold Out to Trump and the Saudis'. https://t.co/krPEFFAfOC, YOU TWITTER DRIPS. Second, we must demand accountability from the corporations bankrolling the politicians that are willing to subvert the will of voters (click here to sign our petition). Born in New York and currently based in Los Angeles, he is a graduate of the Wharton School of the University of Pennsylvania with a Bachelor of Science in Finance and Management of Information Systems. This spring, PMC continued to diversify, adding the events company LDJ Productions to its portfolio and launching Sportico, PMC'S first venture into the sports world. Variety and Deadline owner Penske Media Corp. further consolidated control over most of the key trade publications covering the film, TV and music industries, announcing content and publishing partnerships with MRC, which owns long-time archival The Hollywood Reporter. The event would mark a turning point in Penske's life and career. And sources say the acquisition spree is unlikely to stop anytime soon. While he was CEO of Ford, Mark Field served on Trumps American Manufacturing Council. He has movie-star good looks, a former Victoria's Secret model wife, and a billionaire father. As Penske has slowly aggregated various publications under PMC control, the company has focused on integrating back-office operations such as HR, accounting and technology for more efficiency and cost savings, while letting competing publications such as Deadline, IndieWire and Variety operate as mostly separate entities, even though they sit on different floors of the same building. "He struck me as this playboy. Mike Madsden, the President & CEO of Honeywell Aerospace, sits on the board of the Greater Phoenix Economic Council, a powerful business lobbying group in Arizona. But then he switched again, and is now listed as making contributions to Republican party. McMullen also joined Trump during his COVID-19 response press conference with industry executives in April this year and participated in an event with Mike Pence in May, in the throes of 2020 campaign. MEAWW brings you the best content from its global team of A former Wenner Media executive said that Jann Wenner fiercely rejected a proposal to launch Rolling Stone-branded hotels in Las Vegas and Miami in 2004, grumbling that Rolling Stone was "too valuable of a brand.". Nonetheless, Wenner has continued to influence editorial policy through a close relationship with Rolling Stone's editor-in-chief, Jason Fine. Statistics show that in the 2018 and 2016 federal elections, that the lean is more Republican with the pro sports owners. Variety, now 115 years old and begun in New York back in the days of vaudeville, and The Hollywood Reporter, begun in Los Angeles to cover the movie studios in 1930, have been duking it out for primacy in Hollywood coverage for 90 years. On Monday, Penske partnered with a producer to create a TV around its real estate column, Dirt.. On Thursday, Penske's Variety published a story with the headline: "Janice Min Loses First Hire at Ankler Newsletter to Rolling Stone.". Some important changes have just happened in the world of media and Hollywood, moves that require taking notice, grasping the implications and responding accordingly. Twitter: @sharonwaxman, Sharon Waxman's take on life on the left coast, high culture, low culture and the business of entertainment and media, Did Disney Buy a Dud With Fox? Sharon Waxman, is the founder, CEO and Editor in Chief of TheWrap. Page 1 of 9,554,641. That perceived immaturity is perhaps epitomized by a 2012 incident that ended in Penske's arrest. Honeywells PAC is a major donor to both Republicans and Democrats. series Ozark, and such notable recent films as Knives Out, Baby Driver and Ted. SC Johnson (Wisconsin)SC Johnson is the Wisconsin-based cleaning supplies and consumer chemicals manufacturer that owns brands like Drano, Windex, Raid, and Glade. In the contentious 2020 election season, the other side is employing two key strategies to stop BIPOC communities voices from being heard. He is well-known through his ownership of Team Penske, DJR Team Penske, the Penske Corporation, the Indianapolis Motor Speedway, IndyCar, and other automotive-related businesses. I am glad that I resisted an early bid to sell TheWrap to the investor group that had just acquired the Hollywood Reporter. That meant reporting all sides of every story, not just rushing out a blog post from one juicy source, but giving the subjects of our coverage the opportunity to respond. note, I previously worked in various capacities with Deadline and Variety, and have contributed to IndieWire). Billionaire media mogul Jay Penske and his former Victoria's Secret model wife at war with neighbors over plan to turn historic California church into mega mansion Variety owner Jay Penske. eventAction: 'click_ads' . Search over 95 Million Voter Registration Records. Penske was born in New York City and spent his childhood hopping among elite boarding schools, from Lawrenceville in New Jersey to St. Mary's Preparatory in Michigan, where he broke records as an All-American lacrosse player. A Twitter user added: "YOU TWITTER DRIPS. Three months later, they acquired the rest of the comapny's stake from BandLab Technologies, giving the company full ownership of the venerable magazine, including all event and licensing rights, and the parallel entity Rolling Stone International. Jay Penske is entitled to the astounding fortune of his billionaire father Roger Peneske and claims a magnitude of wealth from his parents. After completing his undergrad at Wharton, he left behind the Jay Penske Rare Book Fund to support the acquisition of rare scholarly materials. pg.acq.push(function() { For Penske, no detail is too small for a CEO. The DeVos family members are also part owners of the NBAs Orlando Magic. Second, we have right-wing politicians enacting a series of tactics meant to suppress the votes of BIPOC communities. eventAction: 'view' "He sees himself as a self-made man.". }); When Penske, who had a first-class ticket, discovered that Anderson had an undesirable seat in the middle of the back row of the plane, he insisted on trading places. They also spent $26 million nationally in the 2018 election cycle. } PMC bought the remaining 49% of the company in 2019. Historys shown that professional sport owners donate to political campaigns and often prefer the Republican party versus the Democratic one. CEO William Demchak is also a major donor to Republicans for federal office. A new piece again shines light on the $200 million Saudi Arabian investment into the magazines parent company Penske Media. CEO Craig Menear is also a major Republican donor. worst football hooligans uk. The magazine was founded in San Francisco in 1967 by Jann Wenner and Ralph Gleason. $4,065,093 to Democrats. The state legislatures must select their electors based on a full, fair, and accurate count of all mail-in and in-person ballots. Opinions expressed by Forbes Contributors are their own. NOW you want to boycott @RollingStone ??? media-tech companies with hubs around the world. Lowes (North Carolina)North Carolina-based Lowes is a major donor to Republicans, both nationally and in the state. CEO John Stankey is also a major Republican donor. NASCAR Team Owners History of Political Donations: A Race of Left-Turns and Right-Leaning Politics. When Bernie Marcus, the co-founder of Home Depot turned 90, Georgia business and civic leaders celebrated his birthday by raising $117 million in his honor. CEO Gregory Hayes was named to Trumps Great American Economic Revival advisory group for defense earlier this year. definitely was part of the group chats," the source said. document.querySelector("#adunit").addEventListener('click',function(){ This summer, the company launched a sports-business title, Sportico. It is also a major donor to Florida Republicans and Michigan Republicans, including PACs connected to both Michigan House Speaker Lee Chatfield and Michigan Senate Majority Leader Mike Shirkey. #BoycottRollingStone pic.twitter.com/eF42EjLf8K, Let me get this straight arguably one of the most successful anti-Trump groups of 2020, @MeidasTouch, is now being attacked in a Rolling Stone hit pieceWho owns the @RollingStone? ga('ads.send', { Perhaps Penske's most controversial move was his decision in 2018 to accept a $200 million investment from the Saudi Research and Marketing Group, a company with complex financial ties to the Saudi government. Bubba Wallace is encouraging those to vote with a livery designed in partner with Door Dash. Who owns Rolling Stone? Several current and former employees noted Penske's meticulous attention to detail in the new space. "Jay didn't have a lot of experience in life not getting what he wanted.". John Sprouls, the CEO of Comcast-owned Universal Orlando Resort, is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. We remain, as before, fearless and accountable only to the facts. He strives for good enough. The threat of state legislatures overriding the will of voters is especially high in states like Pennsylvania, Wisconsin, and Michigan, where rules against processing mail-in ballots before Election Day make it highly likely that the final results will not be known for days after the election and the tally will shift drastically from Trump to Biden as mail-in ballots are counted. What does that mean for us? Last month, the nearly century-old rivals The Hollywood Reporter and Variety, along with Billboard and Rolling Stone, merged, coming under the singular ownership of Jay Penske, who also owns more than a half-dozen other publications that cover the entertainment space. Others who have worked more closely with Penske said that despite his friendly public image, he could be "intense," as one source said, and occasionally susceptible to sudden bouts of rage. They need to start to repair the damage they have already done to the political process by taking back their donations to politicians that try to overturn the will of the voters, but in the future, they need to keep their dirty money out of our elections. Also Read: Why Does Jay Penske's Media Company Still Have a $200 Million Saudi Stake 9 Months After Khashoggi's Murder? The reason I started TheWrap in January 2009, quitting my job at The New York Times and dumping my kids college money into a high-risk start-up, was because I recognized that the internet was changing everything. "I did not get the sense that I was sitting down with the absolute genius of media," a reporter who was friendly with Penske said. Roger is a high-profile GOP donor and Trump ally, while Jay fired tenured and experienced journalists, then hired hacks to write tabloid level pieces that leaned so far to the right, he was welcomed to join his father in the Oval Office when he was awarded a Presidential Medal from the former guy himself.. "It gave him clout." Now Jay Penske can lay claim to the second-largest audience in digital publishing in the US. Furthermore, according to Rousch.com, hes listed as the Chairman of the Board of Directors. The younger Wenner has been more enthusiastic about the push for digital content and diversification. Bank of Americas Chief Technology Officer, Catherine Bessant, is a member of Trumps Presidents Council of Advisors on Science and Technology. eventCategory: event.slot.getSlotElementId(), Now Jay Penske can lay claim to the second-largest audience in digital publishing in the US. Gilbert also owns the NBAs Cleveland Cavaliers. But that Hollywood Reporter employee also said that in today's media landscape, it's all relative. MRC also has produced the Emmy-winning Netflix Penske's name appeared less in the tabloids and more in the pages of business journals. CEO Fisk Johnson is a major donor to Wisconsin Republicans and a member of Trumps Presidents Council of Advisors on Science and Technology. hitType: 'event', Details may include related records, political party, location, and more. window.adsContainer = {"position2":{"code":"Article_Mobile_Above_Next_Rel","max_width":300,"max_height":250},"position3":{"code":"Article_Mobile_300x250_ATF_Rel","max_width":300,"max_height":250},"position4":{"code":"Article_Mobile_Middle_Rel","max_width":300,"max_height":250},"position5":{"code":"Article_Mobile_Middle1_Rel","max_width":300,"max_height":250},"position6":{"code":"Article_Mobile_Middle2_Rel","max_width":300,"max_height":250},"position7":{"code":"Article_Mobile_Middle3_Rel","max_width":300,"max_height":250},"position8":{"code":"Article_Mobile_Middle4_Rel","max_width":300,"max_height":250},"position9":{"code":"Article_Mobile_Middle5_Rel","max_width":320,"max_height":250},"position10":{"code":"Article_Mobile_Middle6_Rel","max_width":320,"max_height":250},"position11":{"code":"Article_Mobile_Middle7_Rel","max_width":320,"max_height":250},"position12":{"code":"Article_Mobile_Middle8_Rel","max_width":320,"max_height":250},"position13":{"code":"Article_Mobile_Middle9_Rel","max_width":320,"max_height":250},"position14":{"code":"Article_Mobile_Middle10_Rel","max_width":320,"max_height":250},"position15":{"code":"Article_Mobile_Middle11_Rel","max_width":320,"max_height":250},"position16":{"code":"Article_Mobile_Middle12_Rel","max_width":320,"max_height":250}} Musk Made a Mess at Twitter. It brings a tendency toward groupthink and top-down decisions rather than individualized, critical thinking. So I just found a list of political donations by NASCAR team owners, some interesting names donating to interesting parties, So I just found a list of political donations by NASCAR team owners, some interesting names donating to interesting parties pic.twitter.com/4HrZB3cVn7. The veteran media executive called the purchase "a validation of his self-worth." #BoycottRollingStone". After spending the night in jail on charges of breaking and entering with intent to commit a misdemeanor, Penske walked away with one year of pretrial probation and 50 hours of community service. There was kitesurfing on turquoise waters and test-driving $300,000 McLarens in the desert. The joint venture with MRC, a Hollywood production company, brings the conflicts of interest that plagued THR which covers the business and therefore shouldnt be in the business into the Penske fold. eventCategory: event.slot.getSlotElementId(), As we fight for our collective freedom and liberation, elections are an important step in the broader process of making change. document.querySelector("#google_image_div").addEventListener('click',function(){ "When Jay came in, it was like the cavalry arriving," one editor who experienced PMC's 2012 Variety acquisition said. Brian Hard, who runs Penske Truck Leasing, a Pennsylvania-based joint-venture of Penske Automotive, is also a major donor to Republicans in Pennsylvania and elsewhere. }) Producers who compete with MRCs Asif Satchu and Modi Wiczyk cannot be pleased that their partners are now Variety and The Hollywood Reporter. Back in 2017, The New York Times reported that Penske Media Corporation had acquired a controlling stake in Wenner Media, the publisher of the famed Rolling Stone magazine. For years, it appears that NASCAR team owners have been making a variety of donations to both political parties. There was a strict no-photo policy. "He likes that these studio heads whose kids go to school with his kind of have to care about him.". Early life and education [ edit] Penske was born in Shaker Heights, Ohio, in 1937. This past August, Gilbert personally donated $50,000 to the Rock Holdings Inc State PAC, which gives primarily to Republicans. Georgia Governor Brian Kemp and Atlanta Mayor Keisha Lance Bottoms were both honorary co-chairs of the event, and even Trump made a video appearance and thanked Marcus for his advice and friendship. The source close to the company explained that "PMC's facilities team has a Clean Desk Policy so that they are able to wipe down and disinfect all employees' work surfaces once a month as part of this policy, employees are asked to remove as much as possible from their desks so the cleaners complete the work.". Companies have been sharing their message on the sides of the vehicles for years. Menards (Wisconsin)Billionaire John Menard, who is the founder and owner of this home improvement store chain with stores throughout the Midwest, is Wisconsins richest resident. That media was at a crossroads adapt or die. Because, as a video that I put together at the time from producers, writers, executives and others observed, entertainment matters.. McMullen expressed excitement after Trumps election in 2016 and said they were looking forward to working with the new administration. One of Penske's early business ventures was Dragon Books, an antiquarian bookstore he opened in Bel Air, where one could pick up an original copy of Newton's "Principia" for a cool $300,000. 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I was done w that wet rag the millisecond they put a terrorist on the cover. First, we must demand that all states count and honor every vote. At the time, The Hollywood Reporter was a shell of its current, glitzy incarnation. "It was like, 'Wow, the business must be doing well.'". In another case, Clint Bowyers taking to Twitter and sharing that he voted. "When Jay Penske approached us with an interest in becoming a partner, it was a true lifeline for us." This year, the festival went virtual in March , with 75 feature films, down from more . Other publishers, such as Conde Nast and the New York Times The Hill Reporter stated that Hettena recently contacted MeidasTouch, the PAC founded by the Meiselas Brothers, with a list of accusations he was about to write in an article specifically crafted to defame them, demanding an explanation which the company responded with a simple tweet. Ford hosted Trump at one of its plants earlier this year, while he was campaigning for reelection. In October 2019, one year after Khashoggi's death, PMC's luxury lifestyle magazine Robb Reporthosted a secretive five-day party on an abandoned Egyptian island off the coast of Saudi Arabia.