Jay Penske

Jay Penske
Born New York City
Residence Los Angeles, California
Education Wharton School of Business University of Pennsylvania
Occupation Entrepreneur/Racing
Known for American Media Owner, PMC, Deadline.com, Movieline, TVline.com, BGR.com, HollywoodLife, IndyCar
Title CEO and Founder of PMC

Jay Penske is an American media and publishing entrepreneur, born in New York City and currently based in Los Angeles.

Contents

Early life

Penske is the youngest son of Roger Penske. Penske went to high school at St. Mary's Preparatory. At St. Mary's, Penske was named All-League, All-State, All-American,[1] and Player of the Year by USA Today in Lacrosse. Penske also played hockey and earned All-Region and All-State honors.[2] In 1997 he set the school records for the most goals, assists, and total points in lacrosse in the school's history.[3]

He graduated from the University of Pennsylvania's Wharton School of Business[2] with a Bachelors of Science in Finance and Management of Information Systems.[4] Penske is on the board of the Entrepreneurial School at the Wharton School as of 2007,[4] and is also a member of the University of Pennsylvania Library's Board of Directors.[5]

Businesses

Penske is the founder, Chairman and CEO of ("PMC").[6] PMC is digital media and publishing company that owns and operates: Deadline.com,[7] MovieLine.com, OnCars.com, HollywoodLife.com, Fan.com, TVline.com, BGR.com and MailTimes.[8] Penske was also formerly the founder and CEO of Mail.com, the email and portal service which PMC sold to the German media company United Internet for an amount between €50-€100Million in September 2010.[9] In addition he also cofounded and was Chairman of Firefly Mobile, Inc., a wireless company that developed the Firefly mobile phone for children, and other youth targeted mobile products.[4] Penske also owns Dragon Books, Ltd., a Los Angeles based bookstore which sells rare and collectible books.[10] Penske was recently added to VanityFair's New Establishment list for 2009,[11] and in 2010 Vanity Fair named Penske one of the 10 best dressed men in the world in their "2010 International Best-Dressed List".[12]

Penske additionally owns a racing team with Steve Luczo, the Chairman of Seagate Technologies.[4] Luczo Dragon Racing's won the IndyCar 2009 won rookie of the year honors with driver Raphael Matos.[4][13] The team name is derived from Penske's love of books and business interest Dragon Books, Ltd., and his partner's last name.[14] For 2010, Penske's racing team had former Indy Lights champion Raphael Matos behind the wheel of the HP #2 car for the full Indycar Series circuit of events. In 2011, the name of the team changed to Dragon Racing, with Penske as the sole owner, and Paul Tracy was announced as the driver for 5 races.

Charities & Non-Profit

Penske assists charitable trust organization the Quill Awards, where he is an Executive Council member.[15] Also at the 2007 Indianapolis 500 Luczo Dragon Racing donated over $250,000 of its race proceeds[16]--to benefit the charities and non-profit organizations founded by Baron Davis, Tony Dungy,[17] John Elway,[18] Wayne Gretzky, Marcus Allen, Jackson Browne, Brandi Chastain, Ronnie Lott, Jonny Moseley, Chris Mullin, Kerri Walsh and Kristi Yamaguchi.[19]

Indy 500 results

Year Car Start Qual Top Position Finish Laps Driver
2007 12 7 224.410 2 5 166 Ryan Briscoe
2008 12 11 223.496 1 Mechanical 156 Tomas Scheckter
2009 2 12 223.429 3 Contact 173 Rafael Matos (R)
Totals 495
Starts 3
Wins 0
Top 5 1
Top 10 1

[4][14][20]

References

  1. ^ "1997 Boys' High School All-American Lacrosse Team"; ESPN; Retrieved October 25, 2007
  2. ^ a b "St. Mary's Preparatory honors trio for athletic accomplishments"; April 15, 2004; The Oakland Press; Retrieved September 6, 2007
  3. ^ Lacrosse Records; St. Mary's Preparatory; Retrieved October 18, 2007
  4. ^ a b c d e f "Jay Penske hopes to follow in footsteps of famous father"; Bruce Martin; May 21, 2007; yahoo.com; Retrieved October 18, 2007
  5. ^ "Trustees' Winter Meeting Coverage"; February 27, 2007; University of Pennsylvania; Retrieved November 10, 2007
  6. ^ "Son Adopts Father's Passion"; May 15, 2007; The Columbus Dispatch; Retrieved November 10, 2007
  7. ^ Ben Fritz (2009-06-24). "Nikki Finke's Deadline Hollywood Daily is sold to Mail.com". Los Angeles Times. http://www.latimes.com/business/la-fi-ct-deadline24-2009jun24,0,3372246.story. 
  8. ^ Ben Fritz (2009-11-16). "Jay Penske betting he can beat the odds in Internet media". Los Angeles Times. http://www.latimes.com/business/la-fi-ct-penske26-2009nov26,0,927835.story. 
  9. ^ Tsotsis, Alexia (September 20, 2010). "Mail.com Media Sells Mail.com To United Internet Group". TechCruchAol. http://techcrunch.com/2010/09/20/mail-com-media. 
  10. ^ "Another Penske Wants to Make Name at Indy"; May 25, 2007; Detroit Free Press; Retrieved November 10, 2007
  11. ^ Matt Pressman (2009-10-08). "The Next Establishment". Condenast. http://www.vanityfair.com/business/features/2009/10/new-establishment-next-200910?currentPage=1. 
  12. ^ VF Style Section. "The 2010 International Best-Dressed List". Condenast. http://www.vanityfair.com/style/features/2010/09/the-international-best-dressed-list-slide-show-201009#slide=19. 
  13. ^ Dave Lewandowski (2009-12-08). "Journey partially fulfilled". IndyCar. http://www.indycar.com/news/?story_id=15527. 
  14. ^ a b "Entry List Examination"; Indy Car; Retrieved October 24, 2007
  15. ^ "List of Executive Council"; Quill Awards; Retrieved October 24, 2007
  16. ^ "Pit Notes"; May 17, 2007; USA Today; Retrieved November 10, 2007
  17. ^ "NFL"; Tony Dungy; Retrieved October 25, 2007
  18. ^ "John Elway"; John Elway; Retrieved October 24, 2007
  19. ^ "The Associated Press--NBC; May 24, 2007; Associated Press; Retrieved October 23, 2007
  20. ^ "Indy 500 Results 2007; Indy 500; Retrieved October 24, 2007

External links