Penske Media, a quiet emerging giant in the media industry has relaunched its corporate website to better showcase its top shelf brands, its audience reach, capabilities, events business and executive leadership. The brand line up now includes the latest addition to the PMC stable of brands Rolling Stone and the leadership line up now includes Rolling Stone founder Jann Wenner , editorial director of Wenner Media and son Gus Wenner, president/coo Wenner Media. PMC which is now said to carry a value of $1 billion has been quietly expanding over the years under the leadership of CEO/Founder Jay Penske. The company has been scooping up leading media brands and pumping new life into them while honoring their print legacy. With Meredith in the process of reviewing its newly expanded portfolio of brands, many of the former Time Inc brands it acquired will be put up for sale. Brands like Time, Fortune, Sports Illustrated and Entertainment Weekly will likely be unloaded and PMC has been one of the many possible suitors mentioned. With the recently reported $200 million cash injection PMC recently took in, Jay Penske and his team are clearly looking to do some more shopping to add to the growing PMC brands line up.
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