Penske Media Corporation has announced the acquisition of several Vox Media brands, including Eater, The Verge, SB Nation, Popsugar, The Dodo, Punch, and Thrillist, along with Concert, Vox Media's premium ad marketplace, and Forte, its first party data platform. Penske Media was Vox Media's largest shareholder prior to the deal. Existing Vox Media shareholders will retain a minority ownership stake in PMX.

Penske Media has created a new subsidiary PMX, which will combine its existing publishing portfolio - including Billboard, Variety, Rolling Stone, WWD, The Hollywood Reporter, Deadline, Robb Report, Artforum, Sportico, SHE Media, StyleCaster, ARTnews, FN, IndieWire, VIBE, Billboard Music Charts, BEAUTYINC - with the Vox Media brands, totalling over 25 titles. The combined portfolio reaches hundreds of millions of people monthly and produces more than 300 live events each year.

Ryan Pauley, previously President of Vox Media, has been appointed President of PMX, overseeing the newly combined portfolio of brands. Ryan will be based in New York and report to Chairman & CEO of Penske Media Corporation Jay Penske and Penske Media's President Craig Perreault.

Tom Finn has been promoted from Executive Vice President of Strategy and Operations to Chief Operating Officer of PMX, adding the role to his existing responsibilities. Kenneth Delalcazar, Penske Media's Executive Vice President of Finance, has broadened his scope to include Chief Financial Officer of PMX.

For more information, visit voxmedia.com.