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Times Decides It’s Time To Salute Jay Penske

“Jay Penske has become the Rupert Murdoch of entertainment publications.”
“Jay grew up with great wealth, but in L.A. there are rooms that are not open to just any rich guy. Owning all of these publications makes him a must-know.”
On Oscar Day After A Season Of Oscar In Penske Media, Times Says It’s Time To Salute Jay Penske With A Style Section Write-Around
“For the media executive Jay Penske, awards season is money season. It’s the time of year when Disney and Netflix, along with the other studios and streamers, demonstrate their love for the talent by spending millions on For Your Consideration ads in Variety, The Hollywood Reporter and Deadline, as well as the niche outlets Gold Derby, IndieWire and TVLine. All of those publications, which cover things of special interest to Oscar and Emmy voters, are part of Penske Media Corporation. Mr. Penske, a 43-year-old son of a billionaire, has expanded his company greatly in the last few years, pulling off a series of buy-low acquisitions that have turned him into a behind-the-scenes power broker. In addition to the Hollywood trades, he owns Rolling Stone, Billboard, Vibe and Women’s Wear Daily, and he has a controlling stake in the annual South by Southwest festival.”
“According to a Nantucket Police Department report, Mr. Penske and his brother Mark were urinating in a parking lot.”

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