Penske Media Corporation, FN’s parent company, today announced its buy of ARTnews and Art in America as part of the overall acquisition of Art Media Holdings, LLC, the largest independent art publishing group. The deal also includes The Magazine Antiques and Modern Magazine.
ARTnews, which was founded in 1902 and winner of over 40 major journalism awards, is the most highly circulated contemporary art magazine in the world. ARTnews is a daily resource for leaders of the international art world, with digitally led news coverage from its global correspondents, investigative reports, reviews of exhibitions, and profiles of artists and collectors.
Art in America, since its founding in 1913, has been the voice of criticism and dialogue in the art community, indispensable for artists, curators, and collectors in the US and around the world seeking informed analysis of the world’s most important art movements.
PMC sees the opportunity to augment these brands with further investments in content and editorial, complemented by robust data and analytic tools, and growing an engaging live media and event business. This acquisition expands PMC’s reach and influence by adding key brands in the art vertical to its offerings that include music, fashion, entertainment, retail, beauty, and lifestyle.
“For more than a century ARTnews and Art in America have been leaders in breaking news and