Today, Penske Media Eldridge announced its acquisition of Dick Clark Productions, as part of a larger strategic alliance with Eldridge augmenting its existing partnership with Penske Media’s (PMC’s) entertainment media brands and SXSW
broadcast, which followed turmoil, abuses, and changes in the Hollywood Foreign Press Association and returned to NBC in the final year of its long association with the broadcaster and NBC Comcast.
“I am thrilled to expand our partnership with Eldridge and Todd,” said CEO and Founder of Penske Media, . “I have long admired dcp’s portfolio of iconic and prominent live entertainment brands and look forward to growing and evolving dcp’s footprint and legacy for future audiences across all platforms.”, Chairman and CEO of Eldridge. “Our decision to build upon our partnership with Penske Media, with whom we already have a deep alliance around media and publishing, is in service to that goal – so dcp may continue to flourish for many decades to come.
Founded in 1957, dcp owns and produces some of the most enduring and prestigious awards shows, TV specials and IP archive libraries in the entertainment industry worldwide. Penske Media Eldridge will assume full control of dcp’s operations in the coming weeks. As part of the deal, Adam Stotsky will be stepping down as President after a period of transition.
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