News

Fox Corp. acquires one-third stake in Penske Entertainment, owner of Indianapolis Motor Speedway and NTT IndyCar Series.
The media company will acquire one third of the company, which owns Indycar and the Indianapolis Motor Speedway, while extending its media rights deal.
Strategic Investment and Partnership Launches New Era of Growth Across INDYCAR that Includes a Multi-Year Extension of INDYCAR’s Media Rights with FOX Sports INDIANAPOLIS (Thursday, July 31, 2025) – ...
Fox Corp. has acquired one-third of Penske Entertainment, owner of auto racing’s IndyCar Series and Indianapolis Motor ...
FOX acquired a one-third interest in Penske Entertainment, which includes IndyCar and the Indianapolis Motor Speedway. FOX Corporation and Penske announced the deal Thursday. The ...
Penske Automotive beat Q2 earnings estimates but missed on revenue, while gross margins and service profits hit record highs.
Higher rent and a less lucrative mix of profitable financing commissions can cause Penske to incur more SG&A expenses as a percentage of gross profit than peers. However, when rent expense is excluded ...
The McLaren CEO Zak Brown recently spoke about replicating the same success as the Formula One team with IndyCar. He also ...
The Lehigh football team is back on campus to open preseason camp. With the season-opener for defending Patriot League ...
Michelle Hulgrave, EVP & CFO, reported, "For the 6 months ended June 30, 2025, we generated $472 million in cash flow from operations and EBITDA was $800 million. On a trailing 12-month basis, EBITDA ...
The Team Penske curse may have moved from the IndyCar team to NASCAR. Will Power and Ryan Blaney finish seventh in their ...
Joey Logano recounts Brickyard 400 heartbreak as a late flat tire ruins his Indy dream after an unconventional car restart.