Remote workers across Penske Media Corporation will soon be forced to make a major change to their lives, or lose their jobs ...

Fox Corp. acquired a one-third interest in Penske Entertainment, which owns the Indianapolis Motor Speedway and the NTT IndyCar series.

Fox Corporation has purchased one-third of IndyCar parent company Penske Entertainment, giving Fox Sports a greater financial stake in the open-wheel racing series it already broadcasts exclusively.

But Penske Corp. never has been and never will be an entertainment-focused business in the ways in which the France family at ...

Mike brings a wealth of expertise in accelerating business growth for iconic brands and forging groundbreaking, innovative partnerships," Dick Clark Productions CEO Jay Penske said in a statement.

The deal is the latest alliance between a media company and a sports organization.