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.. Duke Energy (North Carolina)Charlotte-based Duke Energy is an electric power company. Both companies said the long-time rivals would continue to operate as independent publications . McMullen was named to Trumps Great American Economic Revival advisory group for retail earlier this year. One of Penske's signature policies is scheduling 15-minute meetings with each staff member of a newly acquired publication "even the mailroom people," according to one former Rolling Stone employee. $12,940,514 to Republicans. ", "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. Will His AI Plans Be Any Different? 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. 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. While Disney gives to both Republicans and Democrats alike, its subsidiaries are major donors to Republican-leaning PACs in Florida in particular. what would you do scenarios adults; secrets los cabos swimmable beach. CEO John Stankey is also a major Republican donor. Honeywells PAC is a major donor to both Republicans and Democrats. He also formerly owned a rare-books store, a notable interest for someone whose other publishing assets have been substantially digital. That meant reporting news in real time, not waiting for some sleepy print deadline. 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. ", To this day, observers inside and outside the company say that Penske has a penchant for collecting what one former employee called "brands that help build his persona. Bank of America (North Carolina)Charlotte-based Bank of America is a major power player in North Carolina politics, donating to both Republicans and Democrats alike. Ive got your Sharon@penske email ready, he said to me, always charming and brazenly acquisitive. This summer, the company launched a sports-business title, Sportico. 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. Jay Penske, the son of the billionaire automobile tycoon Roger Penske, has turned his company, PMC, into the country's second-most-visited digital publisher. (The woman was, indeed, white.). 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.
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