Penske Media completed a $100m investment in Vox Media.

Penske Media, an American digital media, publishing, and information services company, completed a $100m investment in Vox Media, an American mass media company. "I have long admired Vox Media’s world-class editorial teams and brands. We deeply respect the track record of both Jim Bankoff and the senior leadership team at Vox Media, and the company’s remarkable growth over the last decade. The Penske Media and Vox Media alliance will further cement both companies as leaders in modern media and take advantage of new opportunities at scale. Our two companies share a similar history of organic and acquisitive growth over time, and it made sense to invest for the future," Jay Penske, Penske Media CEO and Founder.