Penske Media Corporation (PMC) is an American digital 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, WWD, Deadline Hollywood, BGR, and
others. PMC's Chairman and CEO since founding is Jay Penske.Penske
Media Corporation was founded by Jay Penske in 2003. It began as an
affinity marketing and internet services company called Velocity
Services, Inc. The company acquired the Mail.com domain and was
renamed to the Mail.com Media Corporation (MMC). By 2008, the company
owned digital entertainment properties like OnCars.com,
Hollywoodlife.com, Movieline, and MailTimes in addition to operating
the Mail.com portal and email service. In mid-2008, the company
received a $35 million growth equity round of financing from a leading
private equity fund.In early 2009, the company announced the purchase
of Deadline Hollywood Daily (now known as Deadline.com). The website
had previously been operated by publisher, LA Weekly.In February 2010,
MMC finalized and announced a joint venture with Zee TV, one of
India's leading TV networks, on the creation of the new India.com web
portal and seven other portals. The site was designed to compete with
other portals like Indiatimes.com, Yahoo, and Rediff.com. In April
2010, MMC purchased Jonathan Geller's Boy Genius Report (BGR), a tech
and gadget blog, for an undisclosed amount of money. MMC moved the
blog to a new URL (BGR.com) and also introduced a broader spectrum of
technology coverage. Geller remained the website's Editor in Chief
after the sale.
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, WWD, Deadline Hollywood, BGR, and
others. PMC's Chairman and CEO since founding is Jay Penske.Penske
Media Corporation was founded by Jay Penske in 2003. It began as an
affinity marketing and internet services company called Velocity
Services, Inc. The company acquired the Mail.com domain and was
renamed to the Mail.com Media Corporation (MMC). By 2008, the company
owned digital entertainment properties like OnCars.com,
Hollywoodlife.com, Movieline, and MailTimes in addition to operating
the Mail.com portal and email service. In mid-2008, the company
received a $35 million growth equity round of financing from a leading
private equity fund.In early 2009, the company announced the purchase
of Deadline Hollywood Daily (now known as Deadline.com). The website
had previously been operated by publisher, LA Weekly.In February 2010,
MMC finalized and announced a joint venture with Zee TV, one of
India's leading TV networks, on the creation of the new India.com web
portal and seven other portals. The site was designed to compete with
other portals like Indiatimes.com, Yahoo, and Rediff.com. In April
2010, MMC purchased Jonathan Geller's Boy Genius Report (BGR), a tech
and gadget blog, for an undisclosed amount of money. MMC moved the
blog to a new URL (BGR.com) and also introduced a broader spectrum of
technology coverage. Geller remained the website's Editor in Chief
after the sale.
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