Close Menu
Influential MagazineInfluential Magazine
  • Home
  • Latest News
  • Entrepreneurs
  • Business
  • Finance
  • Leadership
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release

Subscribe to Updates

Get the latest business and finance news for entrepreneurs all around the world.

What's Hot
Indian Culinary Giant Bikanervala Launches £50M UK Rollout in Hounslow

Indian Culinary Giant Bikanervala Launches £50M UK Rollout in Hounslow

July 4, 2025
16 Mayors on What It’s Like to Run a U.S. City Now Under Trump

16 Mayors on What It’s Like to Run a U.S. City Now Under Trump

July 3, 2025
See How Trump’s Big Bill Could Affect Your Taxes, Health Care and Other Finances

See How Trump’s Big Bill Could Affect Your Taxes, Health Care and Other Finances

July 3, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Influential MagazineInfluential Magazine
SUBSCRIBE
  • Home
  • Latest News
  • Entrepreneurs
  • Business
  • Finance
  • Leadership
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release
Influential MagazineInfluential Magazine
Home » Penske Shakes Up Leadership of South by Southwest

Penske Shakes Up Leadership of South by Southwest

April 29, 20252 Mins Read Business
Penske Shakes Up Leadership of South by Southwest
Share
Facebook Twitter Reddit Telegram Pinterest Email

SXSW, which began as a music festival in Austin, Texas, in 1987, has expanded to a two-week event that now features three tracks of programming: music, film and interactive. Penske, which owns publications like Rolling Stone and The Hollywood Reporter and events like the Golden Globes, first invested in the festival in 2021. At the time, it bought 50 percent of the company with a partner, MRC. The two partners took control of the festival two years ago by buying another 1 percent.

Many of the people laid off in the past week had been with the festival for decades, including Lillian Park, the company’s head of communication, who had been employed by SXSW since 1988. “Farewell SX,” Ms. Park wrote on her LinkedIn profile. “I’m moving to Scotland to hang out with the sheepies.”

Mr. Forrest joined SXSW in 1989, just two years after it began, as the festival’s first paid employee. He ran SXSW Interactive from 1994 to 2017. He took on the co-president role in 2022. In 2024, he was named the sole president. Mr. Forrest was widely admired inside the organization. He worked without a salary during the pandemic to help keep others employed. Last year, he took a pay cut to save additional jobs.

As part of the reorganization, Greg Rosenbaum, the co-founder and vice president of SXSW EDU, an event focused on education, has been elevated to head of programming for the entire festival; Peter Lewis, chief partnerships officer, has been promoted to lead partnerships and strategy; and Brian Hobbs, a SXSW director, is now vice president of the music festival.

Like many other festivals, SXSW has not been able to return its profit margins to prepandemic levels, said Nick Barbaro, a co-founder of the festival and a board member. He added that new events in London this summer and Sydney, Australia, which started two years ago, had improved the bottom line for the organization.

Billboard (Magazine) Festivals Hollywood Reporter Jay Labor and Jobs Penske Penske Media Corp South by Southwest Music and Media Conference
Share. Facebook Twitter Pinterest LinkedIn Telegram Reddit Email
Previous ArticleOpinion | Trump Is About to Steal My Friend’s Christmas — and Yours
Next Article Starbucks Sales Drop, but Leaders Say Turnaround Is Working

Related Posts

16 Mayors on What It’s Like to Run a U.S. City Now Under Trump

16 Mayors on What It’s Like to Run a U.S. City Now Under Trump

July 3, 2025
See How Trump’s Big Bill Could Affect Your Taxes, Health Care and Other Finances

See How Trump’s Big Bill Could Affect Your Taxes, Health Care and Other Finances

July 3, 2025
How Health Care Remade the U.S. Economy

How Health Care Remade the U.S. Economy

July 3, 2025
What We Know (and Can’t Know) About Trump’s Wealth

What We Know (and Can’t Know) About Trump’s Wealth

July 2, 2025
There’s a Race to Power the Future. China Is Pulling Away.

There’s a Race to Power the Future. China Is Pulling Away.

June 30, 2025
A.I. Videos Have Never Been Better. Can You Tell What’s Real?

A.I. Videos Have Never Been Better. Can You Tell What’s Real?

June 29, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Indian Culinary Giant Bikanervala Launches £50M UK Rollout in Hounslow

Indian Culinary Giant Bikanervala Launches £50M UK Rollout in Hounslow

By News RoomJuly 4, 2025

Bikanervala, the iconic Indian vegetarian brand loved across continents, has launched its much-anticipated UK operations…

16 Mayors on What It’s Like to Run a U.S. City Now Under Trump

16 Mayors on What It’s Like to Run a U.S. City Now Under Trump

July 3, 2025
See How Trump’s Big Bill Could Affect Your Taxes, Health Care and Other Finances

See How Trump’s Big Bill Could Affect Your Taxes, Health Care and Other Finances

July 3, 2025
How Health Care Remade the U.S. Economy

How Health Care Remade the U.S. Economy

July 3, 2025

Subscribe to Updates

Get the latest business and finance news for entrepreneurs all around the world.

About Us
About Us

Influential Magazine is one of the top news portals about Business and Finance news for Entrepreneurs and leaders all around the world, follow us for more intersting articles and news.

Our Picks
How Health Care Remade the U.S. Economy

How Health Care Remade the U.S. Economy

July 3, 2025
What We Know (and Can’t Know) About Trump’s Wealth

What We Know (and Can’t Know) About Trump’s Wealth

July 2, 2025
UK Betting Platform Headed by James Atkinson Reports Record £50 Million Profit

UK Betting Platform Headed by James Atkinson Reports Record £50 Million Profit

July 1, 2025
Trending Now
Mideast Conflict Imperils a Tiny Waterway Vital to the World Economy

Mideast Conflict Imperils a Tiny Waterway Vital to the World Economy

June 25, 2025
A.I. Computing Power Is Splitting the World Into Haves and Have-Nots

A.I. Computing Power Is Splitting the World Into Haves and Have-Nots

June 23, 2025
What Caused the Air India Plane Crash? Here’s What Investigators Are Examining.

What Caused the Air India Plane Crash? Here’s What Investigators Are Examining.

June 14, 2025
Influential Magazine
Facebook X (Twitter) Instagram LinkedIn
  • Home
  • Privacy Policy
  • Contact
  • Terms & Conditions
© 2025 Influential Mag. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.