Victoria Duffy Hopper is stepping away because the chief of Artwork Media Holdings lower than a 12 months after its acquisition by Penske Media Corp.
Hopper, an ex-wife of the late actor Dennis Hopper, joined PMC — WWD’s mother or father firm — when the corporate acquired a number of artwork titles from Peter Brant final fall. Whereas her position was not clear instantly after the acquisition, one PMC founder and chief government officer Jay Penske stated he’d been chasing for years, Hopper in the end maintained her titles of president and ceo of Artwork Media, together with ArtNews and Artwork in America. She began out in 2014 as an government of Brant Publications, however along with his orchestrated chapter and sale final 12 months of Interview journal to his daughter and the sale of the artwork publications to Penske, Brant has exited media altogether.
PMC revealed Hopper’s exit in a memo on the corporate’s newest acquisition of Artwork Market Monitor, a small operation and e-newsletter that follows the artwork market, together with costs and developments, but additionally contains an “art fantasy” recreation and an artwork brokerage service. Within the memo, Penske stated Hopper is leaving “to pursue other opportunities.”
As for Artwork Market, it’s owned by Collé, Hochberg & Gray LLC, a enterprise entity owned by Marion Maneker. Maneker will be part of PMC as editorial director of the Artwork Media section and work with ArtNews and Artwork in America “to grow and expand PMC’s presence in the art business.”
Earlier than beginning Artwork Market a couple of decade in the past, Maneker labored in journal editorial and e book publishing. Early in his profession he was an editor at Simon & Schuster and HarperCollins and have become a author for New York Journal, the defunct New York Solar and Slate.
The acquisition of Artwork Market is the newest acquisition for PMC. Firstly of this 12 months, the corporate took full management of Rolling Stone for an undisclosed worth, however seemingly round $50 million primarily based on an preliminary valuation of the corporate. In 2018, PMC acquired SheKnows Media and made a controlling funding in BuzzAngle Music. Early on within the 12 months, PMC additionally acquired a $200 million funding from Public Funding Fund, the sovereign wealth fund of Saudi Arabia.
With the acquisition of the artwork titles, Penske has manufacturers on the high of a one other glamorous and rarefied business, now alongside nameplates like WWD, Selection and Rolling Stone, which cowl trend, leisure, and music and politics, respectively.
Within the memo on Artwork Market, PMC reiterated the “significantly fragmented audience” for artwork media and pointed to enterprise alternatives with “further investments in content and editorial, complemented by robust data and analytic tools” and even reside occasions, which different PMC manufacturers have developed. Penske wrote that this new acquisition “adds a strong subscription business that expands PMC’s reach and influence in the art vertical.”
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