Vox Media announced that NowThis, the social media-focused news division it picked up through the 2021 acquisition of Group Nine Media, will become an independent entity through a deal with the Accelerate Change media network. Vox Media will retain a minority ownership stake in the newly independent NowThis and will…
Penske Media Corp.
Penske Media Corp. announced a strategic investment in Vox Media, the digital publisher whose brands include Vox.com, New York Magazine, Popsugar, Thrillist, Vulture and SB Nation. With the investment, PMC (whose properties include Variety) will become Vox Media’s largest single shareholder. Otherwise, the financial terms of the investment were not…
Penske Media Corp. has acquired ATX TV, the entity that operates the annual television festival in Austin, Tex. The deal calls for PMC, which is the parent company of Variety, to help expand the scope of the ATX brand with programming and activities beyond the four-day event in June that…
Wavelength and Rolling Stone Films are teaming up to exec produce a documentary celebrating a punk-folk icon: “Righteous Babe: The Ani DiFranco Story.” The film from director Dana Flor interweaves two distinct story arcs. One chronicles the rise, fall and resurrection of feminist singer/songwriter DiFranco, including the trailblazing indie label she…