Employees were told Friday they have until Oct. 4 to decide if they'll comply with the four-day-per-week order ...

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

Fox Corp. feels the need for more speed. The media company announced that it acquired a one-third interest in Penske Entertainment, which owns the Indianapolis Motor Speedway, the NTT IndyCar open ...

Fox Corp. feels the need for more speed. The media company announced that it acquired a one-third interest in Penske Entertainment, which owns the Indianapolis Motor Speedway, the NTT IndyCar ...

George Grobar, who has been serving as president, will be an advisor to CEO Jay Penske. Craig Perreault has been named president of media & corporate development.

A memo sent last week by owner Jay Penske gave employees until October 4 to decide whether they will comply. But those who do not will be eligible for severance benefits, Status reports. Penske owns ...

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

IndyCar TV partner Fox is buying a stake in Penske Entertainment, which own the series, as well as IMS and IMS Productions.

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.

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