According to the article, Jack Rousch and Roger Penske have contributed directly to Trumps campaign of Trump super PACs in the 2020 election cycle. Mike Madsden, the President & CEO of Honeywell Aerospace, sits on the board of the Greater Phoenix Economic Council, a powerful business lobbying group in Arizona. hitType: 'event', NASCAR Team Owners' History of Political Donations - Outsider 2016. Schlifske is a powerful political figure in Milwaukee and an officer of the Metropolitan Milwaukee Association of Commerce. CEO Lynn Good is also a major donor to North Carolina Republicans. SIGN UP FOR OUR FREE DAILY NEWSLETTER, FIRST TAKE. Penske heir, 34, and former Victoria's Secret model Elaine Irwin, 43 The Republican legislatures of these states will decide whether or not to honor the results of a full, fair, and accurate count of all mail-in and in-person ballots. Jill Wagner Anchor at Cheddar // Co-Founder at The Need 2 Know New York, New York, United States500+ connections Join to Connect Cheddar Columbia University in the City of New Yor Menard was named to Trumps Great American Economic Revival advisory group for retail earlier this year. Details may include related records, political party, location, and more. window.adsContainer = {"position2":{"code":"Article_Mobile_Above_Next_Rel","max_width":300,"max_height":250},"position3":{"code":"Article_Mobile_300x250_ATF_Rel","max_width":300,"max_height":250},"position4":{"code":"Article_Mobile_Middle_Rel","max_width":300,"max_height":250},"position5":{"code":"Article_Mobile_Middle1_Rel","max_width":300,"max_height":250},"position6":{"code":"Article_Mobile_Middle2_Rel","max_width":300,"max_height":250},"position7":{"code":"Article_Mobile_Middle3_Rel","max_width":300,"max_height":250},"position8":{"code":"Article_Mobile_Middle4_Rel","max_width":300,"max_height":250},"position9":{"code":"Article_Mobile_Middle5_Rel","max_width":320,"max_height":250},"position10":{"code":"Article_Mobile_Middle6_Rel","max_width":320,"max_height":250},"position11":{"code":"Article_Mobile_Middle7_Rel","max_width":320,"max_height":250},"position12":{"code":"Article_Mobile_Middle8_Rel","max_width":320,"max_height":250},"position13":{"code":"Article_Mobile_Middle9_Rel","max_width":320,"max_height":250},"position14":{"code":"Article_Mobile_Middle10_Rel","max_width":320,"max_height":250},"position15":{"code":"Article_Mobile_Middle11_Rel","max_width":320,"max_height":250},"position16":{"code":"Article_Mobile_Middle12_Rel","max_width":320,"max_height":250}} Autore dell'articolo: Articolo pubblicato: 16/06/2022 Categoria dell'articolo: nietzsche quotes in german with translation Commenti dell'articolo: elasticsearch date histogram sub aggregation elasticsearch date histogram sub aggregation Over the past decade or so, Penske Media Corp. Chairman and CEO Jay Penske, the youngest son of famed billionaire racing-team owner Roger Penske, has slowly aggregated control over most of the major outlets covering the day-to-day business of Hollywood and the music business. SoulCycle was the target of boycotts in light of that fundraiser. Raytheon Missile Systems (Arizona)Arizona-based Raytheon is a major defense contractor and manufacturer of warfare technology and weapons. He is also the chairman and CEO of Penske Media Corporation (PMC). The new entity will be called PMRC. Even actor and activist Rosanna Arquette got in on the call to boycott as it began to take off going into the weekend. "He likes that these studio heads whose kids go to school with his kind of have to care about him.". Black, Indigenous, and people of color (BIPOC) and women were functionally excluded from the democratic process for the overwhelming majority of the history of the United States, and have been pushed to the margins of the system for the remainder of it. One former graphic designer at Women's Wear Daily recalled seeing Penske get down on the floor to examine something with measuring tape. Others found the costume contest, which will be virtual this year, somewhat uncomfortable. In 2018, a Rolling Stone-themed "Rock Room" on Holland America Line cruise ships was launched. Jay Penske is an American media and publishing entrepreneur and auto racing team owner. Co-Chairman Doug DeVoss brother, Dick, was the Republican nominee for Michigan Governor in 2006. Both outlets evolved substantially under new ownership, growing digital chops, shifting their print editions to weekly. A new piece again shines light on the $200 million Saudi Arabian investment into the magazines parent company Penske Media. We are one of the worlds fastest growing ", The source close to the company said this was "entirely false.". Back in 2013, Forbes estimated his 15% stake alone was worth about $167 million. Were a month from the election, and it is really hard to think about anything but that ballot. And sources say the acquisition spree is unlikely to stop anytime soon. Quicken Loans (Michigan)Michigan-based Quicken Loans donated $750,000 to Trumps Inauguration. The Demise of Rolling Stone: How A Legendary Magazine Sold Out to Trump and the Saudis https://t.co/eYsWb7kd0K, Does Lou Holtz deserve Presidential Medal of Freedom? In this episode, hear how Yee introduced Jay Electronica to Jay Z, why she decided to book Eminem for one of his first shows, and how she's expanded her empire to include real estate and a new. In 2018, Comcast decided to give a platform to the far-right NewsmaxTV channel owned by Trumps friend Christopher Ruddy by including it in its Xfinity Digital starter package. "It's BULLSHIT," Penske wrote to Waxman about her story, "and you should really be embarrassed.". Hes also been active on social media sharing resources on how to vote. "Penske wants [Rolling Stone] to be digital-first," another former editor said. ga('ads.send', { Many of PMC's journalists some of whom had been outspoken critics of the Saudi government have found the whole affair, from the initial investment to the secretive yacht party, unsettling. One such event played out in public this summer when Sharon Waxman, the founder of The Wrap, published a furious email she'd received from Penske. The Nineties supermodel, 43, is due this summer. Read more:Inside the launch of Sportico, Penske Media's new sports-business brand that fast-tracked its debut as live sports shut down, "Rolling Stone was when [Penske] was like, 'OK, I did it Now we can start moving into consumer,'" Connelly said, adding that it "was our first big consumer play to diversify our portfolio.". In the message, hes urging his followers to do the same. note, I previously worked in various capacities with Deadline and Variety, and have contributed to IndieWire). Companies have been sharing their message on the sides of the vehicles for years. },false) Fords PAC is a major donor to Republicans nationally and in Michigan. An employee at The Hollywood Reporter said that Penske "really did his homework" before the PMRC deal went through. OpenSecrets.org has Jack Rousch, president of Rousch Industries, listed as retired on his last Oct. 8 contribution. Lee, the former Univision chief content officer, predicted that Penske would "create the next iteration of what Cond Nast used to be. [1] Another writer explained: "He has this vibe of the 'benevolent billionaire' guy, [but] there are people who are skeptical. Also Read: Inside Jay Penske's $100 Million Deal to Merge Variety, The Hollywood Reporter and Billboard (Exclusive), True, it is just the latest in a wave of media consolidation rollbacks and roll-ups and shutdowns that dont augur entirely well for diversity of speech. Oscars, AMPAS and the Rise of a European Bloc, Letter From Sundance: A Crisis for Independent Film Lots of Content, Not Enough Distribution, Semafor to Redeem Sam Bankman-Fried Investment In Other Words, Return It (Exclusive), As We Say Good Riddance to Hollywoods Annus Horribilis, Caution Is the Watchword for 2023. That perceived immaturity is perhaps epitomized by a 2012 incident that ended in Penske's arrest. While Disney gives to both Republicans and Democrats alike, its subsidiaries are major donors to Republican-leaning PACs in Florida in particular. One came after his 2017 purchase of a Black church in the Venice . Penske Media Consolidates Control Over Most Hollywood Trade - Forbes CEO Marvin Ellison was named to Trumps Great American Economic Revival advisory group for retail earlier this year. As we fight for our collective freedom and liberation, elections are an important step in the broader process of making change. When Penske, who had a first-class ticket, discovered that Anderson had an undesirable seat in the middle of the back row of the plane, he insisted on trading places. jay penske political affiliation We are proud to remain the last independent trade covering the entertainment industry. Also Read: Penske Media Silent on $200 Million Saudi Investment After Jamal Khashoggi's Disappearance, Democratic writer and editor Grant Stern tweeted, 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.. ALEXEY NIKOLSKY/SPUTNIK/AFP via Getty Images, NOW WATCH: WATCH: Meet the last family practicing this 400-year-old Indian art form, Visit Business Insider's homepage for more stories, When Penske stepped in to bid on a controlling stake in Rolling Stone, Inside the launch of Sportico, Penske Media's new sports-business brand that fast-tracked its debut as live sports shut down. Discovery Regional Sports Networks May File For Chapter 7 Bankruptcy, Accused And Poker Face Forging New - And Old - Broadcast TV Path, Fox News Host Says Network Wont Let Him Cover Dominion Lawsuit. ga('ads.send', { NASCAR team owners join the ranks of NBA, NFL, NHL, WNBA, and MLB by donating a combined $34.2 million (72.9 percent) to Republican campaigns or super PACs solely supporting Republican causes. eventCategory: event.slot.getSlotElementId(), 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. After all, not only has it avoided cutbacks, but PMC has continued to expand as other media companies have relied on layoffs and budget cuts to survive the pandemic. I was done w that wet rag the millisecond they put a terrorist on the cover. In the reports' own words, the Penske Media Corporation, which employs hundreds of journalists at Variety, Deadline, The Robb Report, WWD and others as well as Rolling Stone, "has never publicly addressed the investment tie to the Saudi government, either to defend or explain it.". I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. if(document.querySelector("#google_image_div")){ But except for his own Formula E team, Dragon Racing, Penske's tastes never did have much in common with his father's. },false) Equinox is owned by New-York based Related companies, the real estate behemoth developing the Hudson Yards project on New Yorks west side. Touring the world with friends one mile and pub at a time; which yttd character are you uquiz. When Trump visited North Carolina in 2018 for photo-ops with Hurricane Florence victims, Good participated in an event with him. Founder and Chairman Dan Gilbert watched the returns of the 2018 midterm elections in the White House with Trump himself, who referred to Gilbert as a great friend. Gilbert, who is a major political power broker in Michigan, leveraged his friendship with Trump to get a special designation from the administration for his real estate holdings in Downtown Detroit, which allowed the billionaire to get a massive tax break. Early life and education [ edit] Jay is the youngest son of Roger Penske. Roger is a high-profile GOP donor and Trump ally, while Jay fired tenured and experienced journalists, then hired hacks to write tabloid level pieces that leaned so far to the right, he was welcomed to join his father in the Oval Office when he was awarded a Presidential Medal from the former guy himself.. You may opt-out by. Married to his supermodel wife Elaine Irwin, he was once arrested with his brother Mark in Nantucket for assaulting a woman and urinating on her, according to a report by The Atlantic. But his fondness for the publication led to real results. He also formerly owned a rare-books store, a notable interest for someone whose other publishing assets have been substantially digital. Bob Iger Calls for Disneys Return to the Office But Will Hollywoods Remote Workers Listen? Kohler (Wisconsin)Herbert Kohler, the executive chairman of this plumbing fixture manufacturing company, is one of Wisconsins wealthiest billionaires and a major donor to Wisconsin Republicans. This past August, Gilbert personally donated $50,000 to the Rock Holdings Inc State PAC, which gives primarily to Republicans. "When Jay Penske approached us with an interest in becoming a partner, it was a true lifeline for us." This year, the festival went virtual in March , with 75 feature films, down from more . ", Another veteran media executive put it more bluntly: "He doesn't strive for greatness. The former executive recalled the early days of PMC when he opted to use the full name, Penske Media Corporation, in his email signature for the name recognition. Well, isnt that a coincidence. Perhaps Penske's most controversial move was his decision in 2018 to accept a $200 million investment from the Saudi Research and Marketing Group, a company with complex financial ties to the Saudi government. 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. }); She already has two. ABC Supply (Wisconsin)Diane Hendricks, who is the co-founder, chair, and sole owner of this wholesale distributor of residential construction materials, is one of the wealthiest billionaires in Wisconsin. He is also the chairman and CEO of Penske Media Corporation (PMC). Ford Motor Company (Michigan)Dearborn-based Ford is one of the largest employers in Michigan and a major power player in the state. window.googletag.cmd.push(function() { "It was very elaborate," one Rolling Stone writer said. @2019 - The Wrap News Inc. All Right Reserved. At the time, The Hollywood Reporter was a shell of its current, glitzy incarnation. (The woman was, indeed, white.). Liz, who is the companys CEO, is also an economic adviser to Trump. But TheWrap has thrived too, growing into a healthy, multiplatform news organization, complete with its own glossy awards-season magazines, live screenings, festival video studios, business conferences, nonprofit initiatives and industry thought leadership. Rolling Stone readers and Twitter users seemed much less concerned on Friday about the relationships of PACS or articles specifically crafted to defame them than they did about the Trump and Saudi ties of Penske. ), Also Read: Hollywood Reporter, Variety Staff 'Freaked Out' Over Penske-MRC Media Merger (Exclusive), Kamala Harris and Sharon Waxman at Power Women Breakfast 2012. MEAWW brings you the best content from its global team of CEO David Taylor was named to Trumps Great American Economic Revival advisory group for healthcare earlier this year and joined Trump in a coronavirus press briefing at the White House this past March. He dated models and actresses like Devon Aoki and Lara Flynn Boyle and partied in high-society circles. This spring, readers will be able to purchase Rolling Stone-branded beer. One Twitter user wrote, "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." "It's weird to dance for your boss on a stage while he is not dancing and is judging you," a source who competed for last year's prize said. The blog post showed a photo of Jay Penske in the Oval Office when Trump bestowed the medal of freedom on his father Roger. PMC's premier editorial content comes to life in more than 100 annual summits, conferences, and talent-driven events worldwide. And those who work alongside Penske say they are willing to overlook his foibles if it means they stay employed during a time when other media companies are struggling to survive the collapse of traditional ad-based revenue models. The event would mark a turning point in Penske's life and career. Subscribe to our newsletter for new stories, tips & events. Rousch has switched from no affiliation to donating to the Democrats. Trump added Hendricks to his economic advisory council in 2016 after Hillary Clinton criticized him for not having any women on it. The mood at Rolling Stone was dire when Penske started circling the publication in 2017. When Bernie Marcus, the co-founder of Home Depot turned 90, Georgia business and civic leaders celebrated his birthday by raising $117 million in his honor. 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. jay penske political affiliation - goma.eco Honeywell hosted Trump to tour the facilities at its Phoenix campus earlier this year, which has been repurposed to make N95 masks in light of the COVID-19 pandemic. Some Rolling Stone subscribers announced they have canceled their subscriptions. Warner Bros. But some lower-tier employees, past and present, have found Penske's generosity less convincing. First, major corporations are buying off our elected officials in the most expensive election cycle in the history of the country. ), "In his mind, he did it all on his own," the former executive said. After all, as Penske assured the staff of MRC the parent of The Hollywood Reporter and Billboard in a town hall meeting last Friday that nothing is meant to change under this dramatic merger. "Jay's always had a deep, rich love of history," Davis said. jay penske political affiliation - polucon.com }); Eventually, Penske evolved the company into Penske Media Corporation, making a full pivot to publishing in 2010 with the sale of Mail.com. Sources suggested that one of Penske's shrewdest moves was predicting the decline of print before others caught on. Going forward, we demand that corporations stay out of politics altogether. NASCAR Team Owners History of Political Donations: A Race of Left-Turns and Right-Leaning Politics. NOW you want to boycott @RollingStone ??? CEO Fisk Johnson is a major donor to Wisconsin Republicans and a member of Trumps Presidents Council of Advisors on Science and Technology. Ohio-based Kroger owns supermarkets across the country including grocery chains like Dillons, Food 4 Less, Fred Meyer, Frys Food Stores, Gerbes, Harris Teeter, King Scoopers, Marianos, QFC, Ralphs, Roundys, Ruler Foods, and Smiths. Publix (Florida)This Florida-based grocery giant with stores all over the Southeast is a major donor to Florida Republicans. Trump held a campaign event this fall at the Duke Energy hangar near the Charlotte Airport. PMC's purchase entailed a three-year runway for the Wenners to stay at the publication that expires this winter, according to several sources. "Jason openly disparages Jay in the office," one former Rolling Stone editor said. We will not be threatened by these mob-style tactics and will continue to keep you up-to-date," they added. But then he switched again, and is now listed as making contributions to Republican party. But the reformed playboy who's said to have a personal friendship with Saudi Crown Prince Mohammed bin Salman wasn't always destined to be a media hero. 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. Jay is the youngest son of Roger Penske. ", 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. Well, isnt that a coincidence. But multiple sources said that despite the growing roster, Rolling Stone remained Penske's crown jewel. "Things that have meaning. But Penske who, according to two high-level sources for this story, has a personal relationship with Prince Mohammed, a fellow racing fan, that predates the investment has never offered any statement on the deal. Profile of Rolling Stone Magazine Owner Jay Penske ", Added Lee, "I think he's only halfway there.". (Photo by Paul Zimmerman/WireImage) Rolling Stone is punching back after a blog post claimed that the magazine "sold out" to. pg.acq.push(function() { "I did not get the sense that I was sitting down with the absolute genius of media," a reporter who was friendly with Penske said. Will His AI Plans Be Any Different? Ed Nardoza To Retire, Miles Socha Named WWD EIC. "He was very keen to go around saying he owned Rolling Stone," one current Rolling Stone writer said. However, there is no proof for the allegations, and they are completely based on assumptions. Publix CEO Todd Jones is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. Why Did Rupert Murdoch Tell the Truth About Election Lies and What Happens to Fox News Now? Jay Penske - PMC }); Honeywells PAC is a major donor to both Republicans and Democrats. For all time, at the moment, 2021 year, Jay Penske earned $200 Million. Sharon Waxman, is the founder, CEO and Editor in Chief of TheWrap. Hendricks is a major donor to Wisconsin Republicans, the Republican National Committee, and Trump.