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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'', ''Billboard'', ''Boy Genius Report'', Robb Report, ''Artforum'', ''ARTNews'', and others. PMC's Chairman and CEO since founding is Jay Penske. History Founding and early years of Penske Media 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 ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Publishing
Publishing is the activity of making information, literature, music, software and other content available to the public for sale or for free. Traditionally, the term refers to the creation and distribution of printed works, such as books, newspapers, and magazines. With the advent of digital information systems, the scope has expanded to include electronic publishing such as E-book, ebooks, academic journals, micropublishing, Electronic publishing, websites, blogs, video game publisher, video game publishing, and the like. Publishing may produce private, club, commons or public goods and may be conducted as a commercial, public, social or community activity. The commercial publishing industry ranges from large multinational conglomerates such as Bertelsmann, RELX, Pearson plc, Pearson and Thomson Reuters to thousands of small independents. It has various divisions such as trade/retail publishing of fiction and non-fiction, educational publishing K–12, (k-12) and Academic publi ...
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Indiatimes
Times Internet is an Indian internet technology company, based in Gurgaon, which owns, operates and invests in various internet-led products, services and technology. It is the digital arm of the Times Group, the largest media conglomerate in India. Times Internet currently owns and operates 39+ digital products across news, sports, music, video, trivia, spirituality and a suite of transaction-led market-places across real estate, personal finance, education, jobs, table reservation, etc. Through its venture capital arm TVentures, Times Internet has invested in over 50 start-ups in the technology space such as logistics provider Delhivery, bus aggregating platform Shuttl, ed-tech platform Byju's, gaming platform MPL among others. Times Internet reaches over 450 million monthly visitors who collectively spend over 13 billion minutes across all its products and services. History 1999–2012: Initial years In its initial years, Times Internet primarily focused on digi ...
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India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand, Myanmar, and Indonesia. Modern humans arrived on the Indian subcontinent from Africa no later than 55,000 years ago., "Y-Chromosome and Mt-DNA data support the colonization of South Asia by modern humans originating in Africa. ... Coalescence dates for most non-European populations average to between 73–55 ka.", "Modern human beings—''Homo sapiens''—originated in Africa. Then, int ...
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Zee TV
Zee TV (stylised as ZEE TV) is a Hindi general entertainment pay television channel in India. It was launched on 2 October 1992, as the first privately owned TV channel in the country. It is owned by Zee Entertainment Enterprises. Zee TV also launched in the UK in 1995. Zee TV also launch in USA in Oct 1998 History Zee TV was launched on 2 October 1992, as the flagship channel of the Zee Telefilms Ltd. It began full-day broadcasts in 1993. It is the first private TV channel in India. On 10 January 2007, Zee Telefilms Ltd was renamed into the Zee Entertainment Enterprises Ltd (ZEEL.). In 2013, Zee TV, along with its sister channels, went over a branding overhaul. On 15 October 2017, coinciding Zee's twenty-five year silver jubilee, all of its channels rebranded. On 30 May 2021, Zee TV planned to revamp its look and air four new television series, but because of the COVID-19 pandemic in India, it was postponed. Programming The channel mostly airs content intended for f ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ...
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LA Weekly
''LA Weekly'' is a free weekly alternative newspaper in Los Angeles, California. It was founded in 1978 by Jay Levin, who served as president and editor until 1991. Voice Media Group sold the paper in late 2017 to Semanal Media LLC, whose parent company is listed as Street Media. The current Editor-in-Chief and Creative Director is Darrick Rainey. It covers Los Angeles music, arts, film, theater, culture, concerts, and events. In 1979 they established the LA Weekly Theater Awards which awards small theatre productions (99 seats or less) in Los Angeles. Starting in 2006, ''LA Weekly'' has hosted the LA Weekly Detour Music Festival every October. The entire block surrounding Los Angeles City Hall is closed off to accommodate the festival's three stages. Some of its best known writers were Pulitzer Prize-winning food writer Jonathan Gold, who left in early 2012, and Nikki Finke, who blogged about the film industry through the ''Weekly'' website and published a print column in the ...
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Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ...
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Movieline
''Movieline'' was a website, formerly a Los Angeles-based film and entertainment magazine, launched in 1985 as a local magazine, which went national in 1989. Known for its cult status and popularity among film critics,Saba, Michael''Movieline'' magazine reboots, relaunches online '' Paste''. April 21, 2009. Retrieved June 18, 2009. the magazine eventually was retooled and named ''Movieline's Hollywood Life''. The magazine closed in 2009. PMC bought ''Movieline'' in September 2008. ''Hollywood Lifes website survived the closing of the magazine, and ''Movieline'' was relaunched as a website. Movieline's last new post was in 2014. Notable past writers include humorist Joe Queenan, film critic Stephen Farber, Martha Frankel and Stephen Rebello Stephen Rebello is an American writer, screenwriter, journalist and former clinical therapist. Early life Born to parents of third-generation Portuguese American and French American, French-Portuguese American extraction in Fall River, ...
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Mail
The mail or post is a system for physically transporting postcards, letter (message), letters, and parcel (package), parcels. A postal service can be private or public, though many governments place restrictions on private systems. Since the mid-19th century, national postal systems have generally been established as a government monopoly, with a fee on the article prepaid. Proof of payment is usually in the form of an adhesive postage stamp, but a postage meter is also used for bulk mailing. With the advent of email, the retronym "snail mail" was coined. Postal authorities often have functions aside from transporting letters. In some countries, a Postal Telegraph and Telephone, postal, telegraph and telephone (PTT) service oversees the postal system, in addition to telephone and telegraph systems. Some countries' postal systems allow for savings accounts and handle applications for passports. The Universal Postal Union (UPU), established in 1874, includes 192 member countries a ...
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Affinity Marketing
Affinity marketing is a concept that consists of a partnership between a company (supplier) and an organization that gathers persons sharing the same interests to bring a greater consumer base to their service, product or opinion. This partnership is known as an affinity group. The first academic approach of affinity marketing was provided by Macchiette and Roy in 1992. They described this notion as a combination of affinity and the marketing ideas. They defined the word ''affinity'' as "an individual level of cohesiveness, social bonding, identification and conformity to the norms and standards of a particular reference group" whereas marketing is described to be the "expectation of benefit for the individual satisfying consumer wants and needs". Affinity marketing differs from co-branding. The benefits of co-branding partnerships come from the consequences of the association of multiple companies, whereas the benefits of affinity marketing derive from the mental satisfaction to ...
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