JOURNAL ARTICLE

Fox Buys One-Third Stake in IndyCar Series-Owner Penske.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Miller, Hannah 3 of 3

Abstract

The article focuses on Fox Corp.'s acquisition of a one-third interest in Penske Entertainment, which owns the IndyCar Series and the Indianapolis Motor Speedway. The investment is estimated to be between $125 million and $135 million and includes a multi-year extension of IndyCar's media rights with Fox Sports. Roger Penske, founder and chairman of Penske Corp., expressed confidence in the potential for growth in the sport. The Indianapolis 500 race, which aired on Fox, saw a significant increase in viewership, averaging 7 million viewers, marking a 41% rise from the previous year. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/07, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:187095357
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