Why Does Jay Penske’s Media Company Still Have a $200 Million Saudi Stake 9 Months After Khashoggi’s Murder?

WAXWORD

After TheWrap requested comment, Penske updated its original story from February 2018 to disclose the investor

For months I’ve been mystified by Jay Penske’s silence over the $200 million investment stake his company, Penske Media Corporation, took from a Saudi government-backed company in February 2018. 

Since the murder and dismemberment of Washington Post opinion writer and Saudi dissident Jamal Khashoggi in October 2018, Saudi Arabia has become persona non grata in the world of media and entertainment if not in our government. U.S. intelligence reports confirm that Crown Prince Mohammed bin Salman himself ordered Khashoggi killed.

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Sharon Waxman

Sharon Waxman

Sharon Waxman, is the founder, CEO and Editor in Chief of TheWrap. She is an award-winning journalist and best-selling author, and was a Hollywood correspondent for The New York Times.