Penske Media acquires Vox Media, creates PMX subsidiary

Penske Media Corporation has acquired Vox Media, consolidating a vast portfolio of digital media brands under a newly formed subsidiary called PMX. The deal, announced on June 18, 2026, combines PMC's holdings, including Variety, Rolling Stone, Billboard, and The Hollywood Reporter, with Vox Media's leading titles such as The Verge, Eater, SB Nation, and PopSugar. Financial terms were not disclosed.

The acquisition cements PMC's position as the largest publisher in digital media, creating a portfolio of more than 25 brands that collectively reach hundreds of millions of consumers monthly and produce over 300 live events annually. The transaction also includes Vox Media's advertising and data businesses, the Concert marketplace and Forte data platform.

To lead the combined publishing division, PMC has appointed Ryan Pauley, the former president of Vox Media, as president of PMX. Pauley, who spent more than 15 years at Vox Media, will be based in New York and report to PMC Chairman and CEO Jay Penske and PMC President Craig Perreault. Additional leadership appointments include PMC executive Tom Finn as chief operating officer of PMX and Ken Delalcazar as chief financial officer of...