Fox Corp. Extends IndyCar Media Rights, Acquires 33% Stake in Penske Entertainment

Fox Corp. feels the need for more speed. The media company announced that it acquired a one-third interest in Penske Entertainment, which owns the Indianapolis Motor Speedway, the NTT IndyCar open-wheel racing series and IMS Productions. The deal includes a multiyear extension of Fox Sports’ media rights for IndyCar. Financial terms weren’t disclosed. The investment […]