Jay Penske, CEO of Penske Media, which owns Rolling Stone. AT&Ts PACs are major donors to Republicans- both nationally, and in Texas and Georgia. MEAWW is an initialism for Media Entertainment Arts WorldWide. SIGN UP FOR OUR FREE DAILY NEWSLETTER, FIRST TAKE, Inside Jay Penske's $100 Million Deal to Merge Variety, The Hollywood Reporter and Billboard (Exclusive), Hollywood Reporter, Variety Staff 'Freaked Out' Over Penske-MRC Media Merger (Exclusive). Is It Quiet on the Western Front? Thursdays Hill Reporter piece came about after, it said, a pro-Trump Rolling Stone writer recently contacted MeidasTouch, the PAC founded by the Meiselas Brothers, with a list of accusations he was about to write in an article specifically crafted to defame them. The Hill Reporter and anti-Trump MeidasTouch PAC have an established relationship; the PACs videos regularly appear on the Reporter, accompanied by promises from the editor to Reporter readers that the site will bring you their videos regularly, as they produce them.. what would you do scenarios adults; secrets los cabos swimmable beach. An article titled 'The Demise of Rolling Stone: How A Legendary Magazine Sold Out to Trump and the Saudis' went viral on social media and sparked controversy. While he was CEO of Ford, Mark Field served on Trumps American Manufacturing Council. 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. "But he's grown up.". Another tweeted, "You shit all over your legacy for a combed over traitor. Others urged their followers to please read the piece detailing the magazines demise. Federation of American Scientists fellow Dr. Eric Feigl-Ding repeatedly flagged the piece to his half-million followers. When Trump visited North Carolina in 2018 for photo-ops with Hurricane Florence victims, Good participated in an event with him. The magazine was founded in San Francisco in 1967 by Jann Wenner and Ralph Gleason. I laughed and told him that wasnt going to happen. }); Nelson Anderson, the senior vice president of creative at PMC, recalled an instance when he and Penske were on the same work flight from Los Angeles to New York. He strives for good enough. The real tension abounds in their different visions for the brand. ", The source close to the company said this was "entirely false.". You may opt-out by. But equally significant is this: Independent media is critical to our economy and our cherished political system. Sources suggested that one of Penske's shrewdest moves was predicting the decline of print before others caught on. All 3 outlets attempted to dissuade people from watching #QIntoTheStorm, claiming it doesnt matter who Q is. Despite trying to keep a low profile, Penske has faced criticism for accepting a $200 million investment from the Saudi Research and Marketing Group and planning to turn a historical Black church in Los Angeles into his family's megamansion. Mostly notably on the list is Roger Penske and Jack Rousch. His father was awarded a Presidential Medal by Donald Trump in 2019. $4,065,093 to Democrats. PMC's purchase entailed a three-year runway for the Wenners to stay at the publication that expires this winter, according to several sources. On September 23, Penske Media Corporation, or PMC, which owns Rolling Stone, Variety, and Women's Wear Daily, announced it would take control of The Hollywood Reporter, Billboard, and Vibe as part of a joint venture with the entertainment company MRC. Now Jay Penske can lay claim to the second-largest audience in digital publishing in the US. CEO Marvin Ellison was named to Trumps Great American Economic Revival advisory group for retail earlier this year. 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. CEO John Stankey is also a major Republican donor. 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. McMullen was named to Trumps Great American Economic Revival advisory group for retail earlier this year. Jenny Connelly, PMC's senior vice president of product and technology, said the purchase of Rolling Stone marked a major shift for PMC, which previously focused on business-to-business brands. }); eventCategory: event.slot.getSlotElementId(), In 2018, Penske faced criticism for accepting a $200 million investment from the Saudi Research and Marketing Group. Those conflicts became fodder for conflicts or perceived conflicts,whether the many Emmy ads in THR for MRC shows like Ozark, or the blow-up over coverage of Knives Out, the Lionsgate movie produced by MRC. Wells Fargo and its PAC are major donors to Republicans at the state and federal levels across the country, including in both North Carolina and Arizona. But while he made headlines, his company made money. Billboard, Vibe and the Reporter will join PMCsVariety, Rolling Stone and Music Business Worldwide.. [1] Sign up for notifications from Insider! The Hill Reporter claimed Seth Hettena a freelance journalist encouraged people to donate to Trump in 2016. 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. Why Does Jay Penske's Media Company Still Have a $200 Million Saudi Stake 9 Months After Khashoggi's Murder? document.querySelector("#adunit").addEventListener('click',function(){ It looks like Penske was making bipartisan donations and then switched to making donations to the Democratic party. In recent years, Penske has earned a reputation as an accessible and ebullient boss, mirroring his father's skill for getting to know even his lowest-level employees on a first-name basis. Opinions expressed by Forbes Contributors are their own. The investigation continues by Twitter user Steven and in a thread shares another screenshot from the website. The new deals will create a new entity, dubbed PMRC, to run the three former MRC publications, which had been on the block for many months. 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. Penske Automotive Group (Michigan & Pennsylvania)Founder and CEO Roger Penske is a major donor to Michigan Republicans and was awarded with a Presidential Medal of Freedom from Trump in 2019. Nonetheless, Wenner has continued to influence editorial policy through a close relationship with Rolling Stone's editor-in-chief, Jason Fine. #BoycottRollingStone pic.twitter.com/eF42EjLf8K, Let me get this straight arguably one of the most successful anti-Trump groups of 2020, @MeidasTouch, is now being attacked in a Rolling Stone hit pieceWho owns the @RollingStone? hitType: 'event', Collectively, these ten states account for 179 electoral votes. As we have gradually built power and fought for changes that upended the racial and economic order, we have seen our elected officials and major corporations serve as guardians of the status quo and rig the system again and again in a deliberate attempt to stop progress. Were a month from the election, and it is really hard to think about anything but that ballot. One came after his 2017 purchase of a Black church in the Venice . "By switching focus from us & targeting these small businesses, they are trying to damage the relationships that power our operation and harm them and us financially in the process. Schlifske is a powerful political figure in Milwaukee and an officer of the Metropolitan Milwaukee Association of Commerce. We are calling on these wealthy elites and executives to publicly pledge to demand back all the money they have given to any elected official that refuses to honor the results of a full, fair, and accurate count of all mail-in and in-person ballots in their state or takes any action to prevent all the ballots from being counted. That meant reporting news in real time, not waiting for some sleepy print deadline. He co-founded Firefly Mobile Inc which won the 2006 CES Innovation Award. ", 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. 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. That media was at a crossroads adapt or die. }); NFLX Georgia Governor Brian Kemp and Atlanta Mayor Keisha Lance Bottoms were both honorary co-chairs of the event, and even Trump made a video appearance and thanked Marcus for his advice and friendship. Dukes PAC is a major donor to Republicans, both at the federal level and in North Carolina. federal premium 300 win mag 165 grain nosler partition; star tribune obituaries this week; emory university grade deflation; how to sharpen mulcher teeth; jay penske political affiliation. Menear was named to Trumps Great American Economic Revival advisory group for retail earlier this year. } 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. This past summer, the publication signed a deal with Bulldog, a European licensing company, offering services from branded puzzles and games to "location-based experiences." Northwestern Mutual (Wisconsin)Northwestern Mutual is a Fortune 500 financial services company based in Milwaukee. Penske already owns Rolling Stone and Music Business Worldwide, as well as IndieWire, Gold Derby, TV Line, She Media, Boy Genius Report, Hollywood Life, the Robb Report, and Womens Wear Daily. A Twitter user added: "YOU TWITTER DRIPS. NOW you want to boycott @RollingStone ??? Raytheon Missile Systems (Arizona)Arizona-based Raytheon is a major defense contractor and manufacturer of warfare technology and weapons. The hashtag #BoycottRollingStone trended on Twitter Friday after a blog post highlighted the ties that Jay Penske, the owner of the magazine's parent company Penske Media, has with the Saudi. To this day, "he fancies himself a man of letters," the veteran media executive said. The $71 Billion Deal Is Weighing Bob Iger Down, CNN This Morning Is the Networks Lowest-Rated Morning Show in a Decade, 80 for Brady Marks a New Wave of Experiments With Movie Ticket Prices. worst football hooligans uk. ACRE staff tackle a topic of interest in a simple, easy to read format. He is also the chairman and CEO of Penske Media Corporation (PMC). He also owns Dragon Books Ltd., a Los Angeles-based used bookstore that sells rare and collectible books. jay penske political affiliation. },false) According to the article, Jack Rousch and Roger Penske have contributed directly to Trumps campaign of Trump super PACs in the 2020 election cycle. 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. 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. In 2017, Penske bought an empty 100-year-old Black church in Los Angeles' Oakwood neighborhood for $6.3 million, where he plans to erect an 11,760-square-foot mansion for his family, The Real Deal reported. "Jay's always had a deep, rich love of history," Davis said. This summer, the company launched a sports-business title, Sportico. Dicks wife is Betsy DeVos, Trumps Secretary of Education. ), "In his mind, he did it all on his own," the former executive said. 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. Hank Meijers son, Peter Meijer, is the Republican nominee in this years election for Michigans 3rd Congressional District. They also spent $26 million nationally in the 2018 election cycle. Also Read: Why Does Jay Penske's Media Company Still Have a $200 Million Saudi Stake 9 Months After Khashoggi's Murder? That hand-eye coordination though. PMC's brands and live events now reach more than 340 million people each month, making PMC one of the largest media and publishing companies in the world. Jay Penske is the Chairman, Founder, and CEO of Penske Media Corporation (PMC). The Hill Reporter stated that Hettena recently contacted MeidasTouch, the PAC founded by the Meiselas Brothers, with a list of accusations he was about to write in an article specifically crafted to defame them, demanding an explanation which the company responded with a simple tweet. Like what youre reading? Signup for our newsletter to get notified about our next ride. This January, the community's appeal to stop construction was denied. She is an award-winning journalist and best-selling author, and was a Hollywood correspondent for The New York Times. But in Penske's world, value is cash-based. Isaac Lee, who worked with Penske on a partnership between PMC and Univision, recalled his team's surprise when Penske jumped into the conversation speaking perfect Spanish. Please consider making a donation to the Action Center on Race and the Economy. Home Depot (Georgia)Atlanta-based Home Depot is a major political player in Georgia. Fords PAC is a major donor to Republicans nationally and in Michigan. I wanted to adapt, because I believed that it was critical that independent journalism survive. Publix was founded by billionaire George Jenkins. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. CEO Lynn Good is also a major donor to North Carolina Republicans. 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. Guess who owns Penske? (The woman was, indeed, white.). Billionaire media mogul Jay Penske and his former Victoria's Secret model wife at war with neighbors over plan to turn historic California church into mega mansion Variety owner Jay Penske. As per the sources, the heir has an $800 million dollar net worth as of 2021 from. But multiple sources said that despite the growing roster, Rolling Stone remained Penske's crown jewel. In a recent town-hall speech, Penske announced that PMC would move to a $25 minimum wage or $52,000 minimum salary for all employees across the company. I was done w that wet rag the millisecond they put a terrorist on the cover. "There was a concern about the danger of employees slipping on wet floors, and Jay saw this as a serious issue," the source close to the company 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. And to you, our readers. Corporations have been allowed to further corrupt the electoral process in the US by pouring millions into buying off politicians who put their interests ahead of the communities they are supposed to represent. Gillespie is a past chair of the Republican National Committee and served as a counselor to George W. Bush during his second term. 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. Over the past 16 years, Penske, 41, the youngest son of the automobile tycoon Roger Penske, has quietly built a media empire, amassing more than 20 titles. He has movie-star good looks, a former Victoria's Secret model wife, and a billionaire father. PNC Financial (Pennsylvania)Pittsburgh-based PNC is one of the largest banks in the US, with branches all over the eastern half of the country. The younger Wenner has been more enthusiastic about the push for digital content and diversification. the smile makers at coastal carolina orthodontics. Disney (Florida)The California-based Walt Disney Company is a large media conglomerate that owns the major Disney brands, ABC, FX, ESPN, National Geographic, Pixar, Hulu, and other subsidiaries. Residents protested Penske's purchase, but the media tycoon never backed down. Penske has clashed with the Rolling Stone old guard who think that decisions like launching a Rolling Stone-branded beer are beneath the brand. But that Hollywood Reporter employee also said that in today's media landscape, it's all relative. The tweet includes a screenshot from OpenSecrets.org depicting whos donating money, from what team, when it happened to what party, and the amount given. PMC has gone sector by sector, from Hollywood to fashion to art, scooping up industry and luxury trade publications to build a portfolio that includes titles like WWD, Rolling Stone, Deadline, ArtNews, IndieWire, Variety, and Robb Report. The charges were later dismissed in court. Will His AI Plans Be Any Different? "They aren't looking for accolades or industry acceptance, but more the results and profits from evolving their brands into self-sustaining companies. window.googletag.pubads().addEventListener('slotRenderEnded', function(event) { jay penske political affiliation. Some have speculated that Penske will concentrate on international expansion. 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. Bob Iger Calls for Disneys Return to the Office But Will Hollywoods Remote Workers Listen? 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. He is co-owner of Luczo Dragon Racing, a very successful IndyCar Series racing team. Early life and education [ edit] Menard was named to Trumps Great American Economic Revival advisory group for retail earlier this year. I am glad that I resisted an early bid to sell TheWrap to the investor group that had just acquired the Hollywood Reporter. 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 Many of those interviewed suggested that any concerns about Penske or his plans for their business were dampened by the simple promise of job security. One employee at The Hollywood Reporter said some staffers felt ill at ease following the PMRC announcement. The so-called Red Sea Week welcomed 75 of the world's 100 largest superyachts. 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. pg.acq.push(function() { Equinox is owned by New-York based Related companies, the real estate behemoth developing the Hudson Yards project on New Yorks west side. The state legislatures must select their electors based on a full, fair, and accurate count of all mail-in and in-person ballots. Honeywell CEO Darius Adamczyk also joined Trump in a coronavirus press briefing at the White House this past March. Bank of Americas PAC is a major Republican donor at the federal level. He has homes in both New York and Florida. Penske designed the shop after the library at Trinity College in Dublin and was known to man the counter from time to time, even once he was running PMC. Twitter: @sharonwaxman, Sharon Waxman's take on life on the left coast, high culture, low culture and the business of entertainment and media, Did Disney Buy a Dud With Fox? 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. That summer, on the tony island of Nantucket, two women spotted a 33-year-old Penske and his 35-year-old brother, Mark, a wealth manager, urinating on a car in the parking lot of the Nantucket Yacht Club. Michael Kovac/Getty Images. "It gave him clout." Josh DAmaro, President of the Walt Disney World Resort in Orlando is a member of Florida Governor Rick DeSantiss Re-Open Florida Task Force. He has movie-star good looks, a former Victoria's Secret model wife, and a billionaire father. 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 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. Although the Uihleins live in the Chicago suburbs, they have been particularly influential in Wisconsin, where their company is based, and in state legislative races in swing states like Arizona. Wells Fargo (North Carolina & Arizona)Wells Fargos East Coast headquarters are in Charlotte and it is one of the largest employers in Arizona, making it an important player in both states. Lowes (North Carolina)North Carolina-based Lowes is a major donor to Republicans, both nationally and in the state. 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.". jay penske political affiliation. sap next talent program salary. 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. This past August, Gilbert personally donated $50,000 to the Rock Holdings Inc State PAC, which gives primarily to Republicans. A former Wenner Media executive said that Jann Wenner fiercely rejected a proposal to launch Rolling Stone-branded hotels in Las Vegas and Miami in 2004, grumbling that Rolling Stone was "too valuable of a brand.". Producers who compete with MRCs Asif Satchu and Modi Wiczyk cannot be pleased that their partners are now Variety and The Hollywood Reporter. Touring the world with friends one mile and pub at a time; which yttd character are you uquiz. document.querySelector("#google_image_div").addEventListener('click',function(){ CEO William Demchak is also a major donor to Republicans for federal office. Menard is a major donor to Wisconsin Republicans and a good friend to Trump. eventAction: 'click_ads' Unlock premium content with a subscription. But some lower-tier employees, past and present, have found Penske's generosity less convincing. Duke also praised Trumps decision last year to decline to set uranium production quotas. Hollywood needed a smart, muscular and knowledgeable independent voice, one that was adapted to the digital age. "I think Jay and the senior PMC staff sincerely believe that they are part of a larger mission to save publishing," one former PMC director said. NYT A representative for Penske Media did not immediately return a request for comment. "I have significantly fewer concerns about attempts at editorial control with regard to Jay Penske than I did" before PMC leadership, the Hollywood Reporter employee said. "When Jay came in, it was like the cavalry arriving," one editor who experienced PMC's 2012 Variety acquisition said. Corporations have never been and will never be the guardians of democracy. It led to the birth of the hashtag #BoycottRollingStone and sparked much controversy on social media. Meijer (Michigan)Meijer PAC and CEO Hank Meijer are major donors to Michigan Republicans. Post author By ; Post date used pole bending bases for sale; epiphone excellente for sale near hong kong . ga('ads.send', { Equinox Group (Florida)The Equinox Group owns Equinox Hotels, various Equinox clubs, SoulCycle, PURE Yoga, Blink, and other lifestyle fitness brands. ed bicknell wife; can i take melatonin during colonoscopy prep jay penske political affiliation. But outside the company, Penske was building a different kind of reputation. The elder Penskes company, Penske Corp, gave $676,000 in donations to Republican candidates in the 2020 election cycle, according to Opensecrets.org. It is unclear what role each Wenner will play after that. Both are now based in Los Angeles, as are many other Penske publications housed in an office building alongside the 405 Freeway in West Los Angeles. MEAWW brings you the best content from its global team of In this case, it also brings a curious duplication to coverage of the movie, television and music industries, along with a host of potential business conflicts. jay penske political affiliation. When theyre conducted freely and fairly, elections are meant to give the people a voice in shaping the world we live in by offering us the opportunity to elect leaders who represent our values. "He likes that these studio heads whose kids go to school with his kind of have to care about him.". His family is one of the wealthiest in Florida and his daughter and grandchildren are major Trump donors. Todd, who is the CEO of the company, recently joined the Forbes 400 list of the wealthiest people in the US. I'm a media/tech/entertainment writer, podcaster, speaker and analyst, AT&T SportsNet, Another Regional Sports Network, Could Be Declaring Bankruptcy This Month, Apple TV+ Is Looking Into Streaming More Live Sports, Megyn Kelly Mocks NBCs Savannah Guthrie For Getting Covid: Shes Had All The Vaccines And Boosters, CNN Hits 10-Year Low As Fox News Glides To Victory In Cable News Ratings. When Penske stepped in to bid on a controlling stake in Rolling Stone for a reported $51 million, there was little left for the staff to feel but relief. "Things that have meaning. Well, isnt that a coincidence. Oct 25, 2020, 5:20 AM. He and his wife have personally donated $170,000 to Trumps reelection campaign. Well, isnt that a coincidence. Mr. Penske has not spoken publicly of that night and has kept his silence when faced with public criticism in other instances. ", Added Lee, "I think he's only halfway there.". 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.". 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? This spring, PMC continued to diversify, adding the events company LDJ Productions to its portfolio and launching Sportico, PMC'S first venture into the sports world. But that's fine. Ed Nardoza To Retire, Miles Socha Named WWD EIC. At a Black Lives Matter protest on June 2, Ben Affleck, whose children attend the same private school as Penske's, marched while toting a big poster that said "Save First Baptist Church of Venice.". hitType: 'event', 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. #BoycottRollingStone. He is the Chairman and CEO of Penske Media Corporation, a digital media and publishing company he founded in 2004. As we fight for our collective freedom and liberation, elections are an important step in the broader process of making change. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The UVA reporting scandal had cost the publication $4.65 million in damages and an incalculable reputational blow. CEO Craig Menear is also a major Republican donor. note, I previously worked in various capacities with Deadline and Variety, and have contributed to IndieWire). eventAction: 'load' 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. (Photo by David M. Benett/Dave Benett/Getty Images). eventCategory: event.slot.getSlotElementId(), PMC announced the investment in WWD in February 2018 but specified the identity of the investor in an edit only after The Wrap requested comment almost 17 months later. 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.
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