Penske Media’s Strategic Investment in Wenner Media


Skadden is advising Wenner Media on the deal

Penske Media Corporation (PMC) and Wenner Media today announced Penske Media’s strategic investment in Wenner Media, majority owner of Rolling Stone, the leading voice of music, politics and pop culture for 50 years.

Penske Media Corporation (PMC) is a leading digital media and information services company whose award-winning content attracts a monthly audience of more than 180 million and empowers more than 1 million global CEOs and business thought-leaders in markets that impact the world. Our dynamic events, data services, and rich content entertain and educate today’s fashion, retail, beauty, entertainment and lifestyle sectors. Headquartered in New York and Los Angeles with additional offices in 11 countries worldwide, Penske Media is the way global influencers are informed, connected, and inspired.

Wenner Media LLC, a privately held company headquartered in New York City, publishes Rolling Stone. The number one brand in music publishing, Rolling Stone has been the leading voice of music and popular culture for 50 years. The multi-media brand features the latest in music reviews, in-depth interviews, hard-hitting political commentary and award-winning journalism across many platforms including magazine, digital, mobile, social and event marketing. Rolling Stone provides “all the news that fits” to a global audience of approximately 60 million fans of the brand every month.

The Skadden team includes: Real Estate of counsel Benjamin Needell; M&A partner Howard Ellin (Picture), and associates Christopher Barlow and Vanessa Tarpos; Executive Compensation and Benefits partner Erica Schohn; Real Estate associate Sam Obenhaus; International Tax partner Nathaniel Carden (Chicago); and Complex Litigation and Trials partner Patrick Rideout.

Involved fees earner: Howard Ellin – Skadden Arps Slate Meager & Flom; Christopher Barlow – Skadden Arps Slate Meager & Flom; Vanessa Tarpos – Skadden Arps Slate Meager & Flom; Benjamin Needell – Skadden Arps Slate Meager & Flom; Sam Obenhaus – Skadden Arps Slate Meager & Flom; Erica Schohn – Skadden Arps Slate Meager & Flom; Nathaniel Carden – Skadden Arps Slate Meager & Flom; Patrick Rideout – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: Wenner Media LLC;

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Author: Ambrogio Visconti