Penske Media Corporation, also known as PMC, is a privately owned, US-based company founded in 2003. It operates as a global media and information services company, specializing in online audio and video media, and employs approximately 430 individuals.
On September 1, 2026, Penske Media Corporation expanded its partnership with Getty Images, making content from Dick Clark Productions’ historic entertainment archive exclusively available on gettyimages.com for multi-platform storytelling. Previously, on August 31, 2026, Penske Media became the sole owner of South by Southwest (SXSW) after co-founder Nick Barbaro and 29 other longtime investors sold their stakes to the West Coast media conglomerate. This move followed the August 28, 2026, announcement that Penske Media had taken full ownership of the Austin festival, cementing its control five years after providing a financial lifeline during the COVID-19 pandemic. Nick Barbaro, who co-founded SXSW and helped turn it into an international institution, remains president and sole owner of The Austin Chronicle. The transaction's financial terms were not disclosed.
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Penske Media Corporation (PMC) offers products in the media and telecoms services industry. Penske Media Corporation (PMC)'s product portfolio comprises of consumer electronics.
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