Penske Media acquires Artforum magazine, its third art publication [Los Angeles Times (CA)]
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Source: Los Angeles Times
Perhaps it's a celebratory present to itself — the acquisition comes as Artforum, founded in 1962, celebrates its 60th anniversary. David Velasco has served as editor in chief of the publication since the fall of 2017. PMC, based in L.A. and New York, also owns Rolling Stone, Billboard and Women's Wear Daily, as well as the entertainment trade publications Variety and the Hollywood Reporter, among other major print and digital outlets — more than 20 media brands in all. Penske Media Chairman and Chief Executive Jay Penske, called Artforum's art world authority “unparalleled” in the announcement. “Over the last 60 years,” he said of Artforum in the announcement, “they have built a culture and genre-defining brand known around the world, with one of the few insightful global perspectives on art.” Advertisement Danielle McConnell and Kate Koza serve as Artforum publisher and associate publisher, respectively. McConnell said the magazine's biggest priority would be maintainin
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