Tag Archives: Penske Entertainment

Penske Automotive Group Increases Dividend Again

Posted on 23 July 2025 by Ken Zino

“We are pleased to provide shareholders with another increase in the quarterly dividend, reflecting the continued strength of our balance sheet and strong cash flow,” said Penske Automotive Group President Robert H. Kurnick, Jr Continue reading →

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IndyCar – Penske Fires Senior Leadership Team

Posted on 21 May 2025 by Ken Zino

Team Penske announced today the departures of IndyCar Team President, Tim Cindric, IndyCar Managing Director, Ron Ruzewski and IndyCar General Manager Kyle Moyer from the organization. The move comes from the turbulence created by an aerodynamic cheating scandal during qualifying for the 119th Indianapolis 500.

“Nothing is more important than the integrity of our sport and our race teams. We have had organizational failures during the last two years, and we had to make necessary changes. I apologize to our fans, our partners and our organization for letting them down,” said Roger Penske, who owns the IndyCar Series and the Speedway. Continue reading →

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Indy 500 Broadcast Local Delay Lifted for Fox

Posted on 16 May 2025 by Ken Zino

Penske Entertainment said today that the upcoming broadcast of the 109th Running of the Indianapolis 500 will not have the usual broadcast delay for the first ever airing of the race on Fox Sports. Right now it appears that all reserved seating for Race Day will be sold out for the first time since the 100th edition of the race in 2016. Right now, a few tickets remain in the IMS grandstands, with a full reserved seating sellout likely to occur by the checkered flag for Monday’s practice and possibly before the end of PPG Presents Armed Forces Qualifying Weekend, which starts tomorrow. Expanded coverage of the inaugural  Indy 500 on FOX starts on Sunday 25 May at 10 a.m. ET across the country, with the green flag drop  at ~12:45 p.m. ET.

“This year, the greatest race on Earth will host one of its biggest and most memorable crowds in many decades,” said Penske Entertainment President and CEO Mark Miles. “This is a terrific showcase for the NTT IndyCar Series and a great milestone to supercharge our relationship with FOX Sports. It is also absolutely a fitting tribute to the continued leadership and investment of Roger Penske.” Continue reading →

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Annals of Marketing – Indy 500 Milk Cartons

Posted on 20 March 2025 by Ken Zino

Indianapolis Motor Speedway (IMS) said today that the American Dairy Association Indiana and Prairie Farms Dairy are collaborating to bring Indianapolis 500-branded milk pints and cartons to fans across the Midwest. The tradition of drinking milk after winning the Indianapolis 500 goes back to 1936 when Louis Meyer, an avid drinker of buttermilk, requested a bottle after winning his third Indy 500. As the story goes, a dairy industry executive saw the newsreel footage of the iconic moment and requested milk be made available to the winner of each Indianapolis 500 thereafter. Continue reading →

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IndyCar: Palou in Honda Wins at Laguna Seca. Power in Chevy Wins Series Championship Ousting Palou

Posted on 12 September 2022 by Ken Zino

Third-place finisher Will Power also with one win, supported by 12 top-five and 13 top-10 finishes and five pole starts in the 17 races became the NTT IndyCar Series champion for 2022. Power also won the driver title in 2014 with Chevrolet power. Continue reading →

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