Gillespie is a past chair of the Republican National Committee and served as a counselor to George W. Bush during his second term. Why Does Jay Penske's Media Company Still Have a $200 Million Saudi Stake 9 Months After Khashoggi's Murder? }); Rolling Stone magazine is being linked to former president Donald Trump and the Saudi government in an unconfirmed expose by a newspaper. How allegations of links to Donald Trump sparked Boycott Rolling Stone and led to fury, 'The Demise of Rolling Stone: How A Legendary Magazine Sold Out to Trump and the Saudis'. if(document.querySelector("#adunit")){ But except for his own Formula E team, Dragon Racing, Penske's tastes never did have much in common with his father's. The most egregious of all voter suppression tactics being discussed is the idea that legislatures in swing states should select a Republican slate of electors to send to the electoral college, regardless of the popular vote. }); A new piece again shines light on the $200 million Saudi Arabian investment into the magazines parent company Penske Media. Ronald, the founder and chairman of the company who now lives in Florida, is a major donor to Republicans nationally and at the state level in both Wisconsin and Florida. After spending the night in jail on charges of breaking and entering with intent to commit a misdemeanor, Penske walked away with one year of pretrial probation and 50 hours of community service. Search over 95 Million Voter Registration Records. This past August, Gilbert personally donated $50,000 to the Rock Holdings Inc State PAC, which gives primarily to Republicans. document.querySelector("#google_image_div").addEventListener('click',function(){ CNET Lays Off 10% of Staff Just Weeks After Launching Articles Written by AI, Ozy Media Shuts Down Following Federal Fraud Indictment of Founder Carlos Watson, Ozy Media CEO Carlos Watson Indicted by Feds for Securities Fraud, All 18 EGOT Winners, From Audrey Hepburn to Jennifer Hudson (Photos), TheWrap Expands Newsroom, Hiring Kristen Lopez as Film Editor, Jose Alejandro Bastidas as TV Editor. He is also the chairman and CEO of Penske Media Corporation (PMC). The post on a Washington blog the Hill Reporter by Tara Dublin mixed up facts about Penske, but noted his fathers support of Trump: [I]n more recent years, the magazine has seen its share of bad publicity in light of bad decision making, which led to the ultimate bad decision: Rolling Stone was sold to the son of Trump-backing multimillionaire Roger Penske, Jay Penske, said the Hill Reporter piece published Thursday. It led to the birth of the hashtag #BoycottRollingStone and sparked much controversy on social media. ), But here in Hollywood, you might think it doesnt really matter. That strategy has helped maximize awards-season advertising revenues from networks, studios and streaming services seeking the prestige and marketing punch of Emmy, Golden Globe and Oscar nominations and wins. We are proud to remain the last independent trade covering the entertainment industry. The hashtag #BoycottRollingStone trended on Twitter Friday after a blog post highlighted the ties that Jay Penske, the owner of the magazines parent company Penske Media, has with the Saudi Arabian government. In 2019, TheWrap demanded to know why Penske had remained silent on the investment stake, even afterU.S. intelligence reports confirmed that Saudi Crown Prince Mohammed bin Salman himself ordered American journalist Jamal Khashoggis gruesome murder. Please consider making a donation to the Action Center on Race and the Economy. In October 2019, one year after Khashoggi's death, PMC's luxury lifestyle magazine Robb Reporthosted a secretive five-day party on an abandoned Egyptian island off the coast of Saudi Arabia. Guests including Penske were treated to performances by John Legend and Norah Jones and meals by Michelin-starred chefs. Mark's present occupation is listed as a . document.querySelector("#adunit").addEventListener('click',function(){ Dick is also on Amways board of directors and previously served as the companys president. The mood at Rolling Stone was dire when Penske started circling the publication in 2017. Less than 6 percent of contributions went to bipartisan or unaffiliated recipients. For last year's annual holiday bash, Penske, an apparent Halloween fanatic, spared no expense. "He likes that these studio heads whose kids go to school with his kind of have to care about him.". A Twitter user added: "YOU TWITTER DRIPS. There was a strict no-photo policy. But then he switched again, and is now listed as making contributions to Republican party. He co-founded Firefly Mobile Inc which won the 2006 CES Innovation Award. Billboard, Vibe and the Reporter will join PMCsVariety, Rolling Stone and Music Business Worldwide.. To this day, "he fancies himself a man of letters," the veteran media executive said. As part of our commitment to transparency, we prepared this statement describing the bizarre conduct directed at us and the Meidas Community by freelance reporter @seth_hettena who claims to be working with @RollingStone and have sent a separate legal response directly: pic.twitter.com/nfbnHcOgbM, Meidas Touch's tweet and the Hill Reporter article had the combined effect of sparking fury on social media and sparked the hashtag Boycott Rolling Stone. I was done w that wet rag the millisecond they put a terrorist on the cover. Musk Made a Mess at Twitter. } It would be a shame to share this photo.". MEAWW brings you the best content from its global team of ", The source close to the company said this was "entirely false.". ", "I do think that Jay likes being at the center of these industries in a way that gives him the appearance of power," one Hollywood industry source who knows Penske told Business Insider. Hes also been active on social media sharing resources on how to vote. Independent, and fearless. Mostly notably on the list is Roger Penske and Jack Rousch. The state legislatures must select their electors based on a full, fair, and accurate count of all mail-in and in-person ballots. Dicks wife is Betsy DeVos, Trumps Secretary of Education. I am glad that I resisted an early bid to sell TheWrap to the investor group that had just acquired the Hollywood Reporter. In 2018, a Rolling Stone-themed "Rock Room" on Holland America Line cruise ships was launched. "Jay didn't have a lot of experience in life not getting what he wanted.". This is including $10 million to Republican causes and $1.9 million to Democratic causes so far in the 2020 election cycle. PMC's premier editorial content comes to life in more than 100 annual summits, conferences, and talent-driven events worldwide. First, major corporations are buying off our elected officials in the most expensive election cycle in the history of the country. CEO Craig Menear is also a major Republican donor. Well, isnt that a coincidence. SoulCycle was the target of boycotts in light of that fundraiser. While Disney gives to both Republicans and Democrats alike, its subsidiaries are major donors to Republican-leaning PACs in Florida in particular. The Hill Reporter claimed Seth Hettena a freelance journalist encouraged people to donate to Trump in 2016. While he was CEO of Ford, Mark Field served on Trumps American Manufacturing Council. Last month, the nearly century-old rivals The Hollywood Reporter and Variety, along with Billboard and Rolling Stone, merged, coming under the singular ownership of Jay Penske, who also owns more than a half-dozen other publications that cover the entertainment space. (I told them I did not believe in their business model, and it took a full decade for the flaws in banking so heavily on print played themselves out.). PMC has occupied an overlooked segment of the media market, buying up flagging industry publications and flipping them into nimble digital-first brands with diverse revenue streams. Some have speculated that Penske will concentrate on international expansion. The deals also bring under shared control MRC music publications Billboard and Vibe. "But he's grown up.". At ACRE, we have focused on a set of swing states with Repubican-controlled legislatures, specifically Arizona, Florida, Georgia, Iowa, Michigan, North Carolina, Ohio, Pennsylvania, Texas and Wisconsin. Eventually, Penske evolved the company into Penske Media Corporation, making a full pivot to publishing in 2010 with the sale of Mail.com. The event overlapped with Prince Mohammed's massive initiative to turn the Red Sea into the next luxury playground for global elites. "It's degrading.". The UVA reporting scandal had cost the publication $4.65 million in damages and an incalculable reputational blow. Penske's name appeared less in the tabloids and more in the pages of business journals. Some Rolling Stone subscribers announced they have canceled their subscriptions. In 2019, his father, who made his fortune in truck leasing, car dealerships, and NASCAR and IndyCar racing, announced a succession plan that would pass the torch to Penske's older half-brothers, Roger Jr. and Greg. (Photo by David M. Benett/Dave Benett/Getty Images). YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. Though Wenner was officially kept on as editorial director, multiple Rolling Stone sources told Business Insider that he was all but excommunicated and given an office on a separate floor in the new building. Mr. Penske has not spoken publicly of that night and has kept his silence when faced with public criticism in other instances. Details may include related records, political party, location, and more. Will His AI Plans Be Any Different? "There was a rumor," said another former Women's Wear Daily employee, "that he would come around at night and Post-it items he didn't like." Oh & they finance crimes against humanity. Today PMC's brands reach a monthly audience of almost 120 million readers nationwide, and it is expected to add another 40 million monthly readers from The Hollywood Reporter, Billboard, and Vibe. ", Rolling Stone used to be the home of Hunter S. Thompson, now people are tweeting #BoycottRollingStone after their ties to Trump and the Saudis have been exposed.https://t.co/C7KAf8vHPz, You shit all over your legacy for a combed over traitor. Guess who owns Penske? CEO Marvin Ellison was named to Trumps Great American Economic Revival advisory group for retail earlier this year. #BoycottRollingStone pic.twitter.com/LhqaLz1lwL, I support #BoycottRollingStone bc Useful Idiots was a damn good show that shouldnt have been canceled.Oh & they finance crimes against humanity.https://t.co/QX6HA3Muw1, Penske Media owns Rolling Stone, Variety and Indiewire. Ford Motor Company (Michigan)Dearborn-based Ford is one of the largest employers in Michigan and a major power player in the state. Penske even chose to put his New York office right in the middle of Rolling Stone's editorial department. Uline (Wisconsin & Arizona)Liz and Dick Uihlein, the founders of Wisconsin-based Uline, are the top Republican donors nationally in the 2020 election cycle, with more than $58 million in contributions. On Monday, Penske partnered with a producer to create a TV around its real estate column, "Dirt." Traditionally, the consolidation of media ownership has meant fewer voices and less. These conflicts arent going away, since Penske has a major stake in a second joint venture with MRC to set up film and television projects. Menard was named to Trumps Great American Economic Revival advisory group for retail earlier this year. Rolling Stone founder Jann Wenner's infamous email tirades laid bare his mounting fear that his once top-shelf publication, which had been slow to adapt to digital, would make its way into the bargain bin. Meanwhile, "Jason doesn't read the website. But Fine, who heads up an old guard of print loyalists, is far less friendly with Penske, according to several current and former staffers. NASCAR might not be a stick-and-ball sport, but that doesnt exempt them from getting involved in politics. After completing his undergrad at Wharton, he left behind the Jay Penske Rare Book Fund to support the acquisition of rare scholarly materials. Jay Penske, CEO of Penske Media, which owns Rolling Stone. Penske, whose father has said he has never invested in his son's businesses, personally reached out to the former executive to ask him to remove the Penske surname and simply use PMC. When PMC took over, it introduced 20 new editorial positions and an $8 million to $10 million redesign. Why Doesnt Elon Musk Fund Twitter Until It Turns Around? Brian Hard, who runs Penske Truck Leasing, a Pennsylvania-based joint-venture of Penske Automotive, is also a major donor to Republicans in Pennsylvania and elsewhere.
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