PMC Buys Art Market Monitor, Expanding Investment in Art Sector

Penske Media Corporation has announced its acquisition of Art Market Monitor, eight months after PMC bought ARTnews and Art in America.

In an email announcement Friday to PMC staff, Jay Penske said, “I’m excited to share with you that PMC is acquiring Art Market Monitor, the leading authority on art market analysis, pricing, and trends. Art Market Monitor has an intensive readership within the gallery, auction house, legal, banking and asset management communities. The addition of Art Market Monitor to our previous acquisitions of ARTnews and Art in America further expands our investment in the category.”

“In the art world, where a significantly fragmented audience spans so many websites, newsletters, and brands — PMC sees the opportunity to augment these exceptional brands with further investments in content and editorial, complimented by robust data and analytic tools, and growing an engaging live media and event business,” Penske added. “This acquisition adds a strong subscription business that expands PMC’s reach and influence in the art vertical.”

As part of the acquisition, Art Market Monitor’s principal Marion Maneker will join PMC’s Art Media Holdings business as editorial director, where he will be working closely with ArtNews and Art In America properties to continue to grow and expand PMC’s presence in the art business.

“Featured often on NPR and CNBC as a leading expert on the art market, Marion has over 20 years of editorial and publishing experience with leading publications such as Simon and Schuster, HarperCollins, New York Magazine, The New York Sun, and Slate Magazine,” Penske said. “We are pleased to have Marion join our talented team at Art Media Holdings and look forward to his valued contributions to building our art media business.”

Penske also disclosed that Victoria Hopper, president and CEO of AMH, will be leaving to pursue other opportunities. He added, “I would like to thank Victoria for everything she has done over the last five years to lead Art Media Holdings and we wish her the best in her future endeavors.”

Penske Media, founded in 2004, is the owner of trade and consumer brands that include Rolling Stone, Variety, WWD, Robb Report, Deadline, SheMedia, Beauty Inc, FN, IndieWire, HollywoodLife, and BGR.

More Digital

  • Mokalik

    Nigeria’s Kunle Afolayan: African Audiences Shouldn’t Be ‘Second-Class’

    DURBAN–A young boy from a middle-class home gets an unconventional schooling in the ways of the world when he’s forced to apprentice at a mechanic’s workshop in a rough-and-tumble section of Lagos. “Mokalik” is the latest feature from Kunle Afolayan, a leading figure in the wave of filmmakers revitalizing the Nigerian film industry. The film [...]


    SAG-AFTRA Ends Long Strike Against Ad Agency Bartle Bogle Hegarty

    SAG-AFTRA has ended its 10-month strike against Bartle Bogle Hegarty after the advertising agency agreed to sign the union’s new commercials contract. The union instructed its 160,000 members in September not to accept any work for BBH, which had been signed to SAG-AFTRA’s commercials contracts since 1999. The strike came two weeks after BBH publicly [...]

  • FaceApp is displayed on an iPhone,

    SAG-AFTRA Warns Members About FaceApp Terms of Use

    SAG-AFTRA is warning its 160,000 members about the “overreaching and invasive” terms of use for the FaceApp mobile application. FaceApp, developed by Russian company Wireless Lab, uses neural network technology to automatically generate transformations of faces in photographs. The app can be used to make users appear older, younger, or change gender. The terms include [...]

  • J. Cole

    Apple Music Launches 'Rap Life' Playlist

    Apple Music announced the launch of “Rap Life,” a new global playlist focusing on contemporary rap artists and culture. It replaces the former “The A-List: Hip-Hop” playlist. Said Ebro Darden, Apple Music’s Global Editorial Head of Hip-Hop and R&B: “We flipped it to dig deeper into into the lifestyle [and to] keep pushing the culture [...]

  • Billie Eilish

    ARRI, Mobile TV Group Back New Venture Revitalizing Streamed Concerts

    A new venture looking to bring a fresh approach to live-streaming concerts has gotten the backing of hardware heavyweights ARRI and Mobile TV Group. Wide+Close is launching with the mandate of shooting music performances with film cameras and cinematographers in order to give the content a more cinematic feel. “We want to take concert filming [...]

  • Fortnite Battle Royale

    How 'Fortnite' Fans Can Earn Loot by Watching YouTube Videos

    Epic Games and YouTube have teamed up with a special offer for “Fortnite” players — giving players of the popular battle-royale game rewards when they watch “Fortnite”-premiered content on the video platform. The catch: You have to watch at least 20 minutes of “Fortnite” special content or live esports broadcasts to receive the loot. Under [...]

  • Roku headquarters

    Roku Plans to Expand to Brazil, Other Countries (EXCLUSIVE)

    Roku plans to expand to multiple new territories in the coming months, Variety has learned. One of the first new markets for the company will likely be Brazil. An international expansion could help Roku grow its customer base, which in turn should lead to growing advertising revenues. Roku executives have been hinting at plans to [...]

More From Our Brands

Access exclusive content