The Penske Media Corporation (PMC) family is growing.
On Thursday, Robb Report’s parent company announced the acquisition of Vox Media. As a result of the deal, PMC has acquired Vox’s leading brands, creating a combined portfolio that consists of over 25 titles and cements PMC’s position as the world’s largest digital media publisher.
PMC has formed a new subsidiary, called PMX, that will combine its existing publishing portfolio, which, in addition to Robb Report, includes Variety, Rolling Stone, WWD, ARTNews, and SHE Media, with the newly acquired brands: Eater, The Verge, SB Nation, POPSUGAR, The Dodo, Punch, and Thrillist.
Overseeing the new division will be Ryan Pauley, who most recently served as the president of Vox Media. PMX’s president has over 15 years of experience across editorial, commercial, and operational leadership. Pauley will report to the chairman and CEO of PMC, Jay Penske, and its president, Craig Perreault. The PMX leadership team will be rounded out by Tom Finn, PMC’s executive vice president of strategy and operations, and Ken DelAlcazar, PMC’s executive vice president of finance, who will serve as the company’s chief operating officer and chief financial officer, respectively, in addition to their current duties.
