Penske Media Corporation

PMC: Senior Director, Business Development

Penske Media Corporation$150K — $175K *
Media
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 6 years of experience in digital media business development or a related role at a media or entertainment company.
  • Proficient in contract review and negotiation with a collaborative approach to closing deals with legal teams.
  • Strong negotiation skills with experience in lead generation, pitching, and due diligence.
  • Track record of successfully developing new revenue streams from owned IP through creative partnerships.
  • Deep understanding of media and entertainment industry revenue models and deal-making processes.
  • Experience in managing partnerships through execution and optimization.
  • Highly organized with excellent time management and prioritization abilities.

Responsibilities

  • Source, structure, negotiate, and execute licensing and distribution deals to enhance PMC's brand portfolio.
  • Manage an independent deal pipeline while providing regular updates to the SVP and executives.
  • Negotiate renewals for existing content licensing and other business development partnerships.
  • Develop and test new revenue models, staying informed on media industry trends to inform PMC leadership.
  • Collaborate with internal and external stakeholders to ensure the success of new initiatives.

Benefits

  • PMC paid healthcare with no employee contributions for medical, dental, and vision coverage.
  • Flexible Spending Accounts for healthcare, dependent care, and commuting expenses.
  • Employee Assistance Program providing support for various personal needs.
  • Life insurance and short- & long-term disability coverage included.
  • Paid parental leave as part of the family-friendly policies.
  • 401(k) retirement plan with employer matching contributions.
  • Company discounts on various services, including pet insurance and mortgage options.
  • Flexible vacation policy created to meet employee needs.
Full Job Description
PMC: Senior Director, Business Development

Penske Media Corporation, a leading global media and information services company, is hiring a talented and results-oriented Senior Director, Business Development to join our Corporate Business Development team in West LA or Midtown Manhattan. This role will report into the SVP, Business Development and will proactively identify and execute new content distribution deals and handle contract renewals, working collaboratively with internal/external stakeholders to ensure successful outcomes.

As PMC values in-person collaboration and team cohesion, employees work onsite 4 days a week and 1 day remotely with a focus on maintaining a vibrant and inclusive culture.

Responsibilities:
  • Source, structure, negotiate and execute new licensing and distribution deals that drive incremental revenue across the PMC portfolio of brands
  • Own independent deal pipeline and provide regular updates to SVP, Business Development and key exec stakeholders
  • Negotiate and execute renewals for existing content licensing deals and other Biz Dev partnerships in areas including but not limited to content syndication, video distribution, product licensing, streaming and social
  • Devise and test new revenue models with the aim of further diversifying revenue streams; will also keep a pulse on the changing media industry and feed knowledge back to PMC exec team

Requirements:
  • At least 6 years' experience in digital media business development or a similar role preferably at a Media/Entertainment company
  • Solid understanding of contract review including the ability to expertly review/redline contracts and work closely with Legal to close deals
  • Possesses strong negotiation skills and is adept at developing leads, pitching partnership concepts, and conducting diligence
  • Demonstrated success in developing new revenue streams from owned IP via creative deal-making and partnerships
  • Deep understanding and comfort with Media and Entertainment industry revenue models with a proven track record of driving deals; product licensing experience is a bonus but is not required
  • Extensive experience in managing and optimizing partnerships through deal execution and beyond
  • Strong organizational, time management, and prioritization skills with high attention to detail
  • An expert communicator with a proactive, extroverted demeanor and a strong sense of urgency
  • Adept at managing multiple projects in a fast-paced and dynamic working environment

A good faith estimate of the salary range is $150,000 - $175,000 upon hire + Bonus. Factors that could be used to determine your actual salary may include your specific skills, years of experience and comparison to current employees already in this role. If you have more or less experience than specified on this job posting, please apply and list your salary expectations.

If hired, employee will be in an "at-will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors).

It's all About You...

PMC's comprehensive benefits package is thoughtfully designed to support every aspect of your life, empowering you to thrive both personally and professionally. We offer PMC-Paid Healthcare with no employee paycheck contributions on medical, dental, and vision for you and your family. PMC also offers Flexible Spending Accounts (Healthcare, Dependent Care & Commuter), an Employee Assistance Program, Life Insurance, Short- & Long-Term Disability, Paid Parental Leave, and a 401(k) Retirement Plan with an Employer match. Employees are also eligible to take advantage of company discounts and perks including Pet Insurance, Home & Auto Insurance, Mortgage discounts, and a variety of other savings on wellness, lifestyle, and financial essentials. As part of PMC's dedication to consistently meeting employees' needs, we have launched a new Flexible Vacation Policy.

At PMC, we believe working in a highly collaborative, office-first environment fosters real-time communication, spontaneous idea sharing, and stronger interpersonal relationships that drive innovation and team cohesion. PMC prioritizes in-person collaboration and does not offer remote-only roles.

About Penske Media Corporation

Penske Media Corporation (PMC) is a digital media and publishing company that owns and operates a portfolio of brands across multiple platforms, including Variety, Rolling Stone, Deadline Hollywood, WWD, and Robb Report. PMC was founded in 2003 by Jay Penske and is headquartered in Los Angeles, California. The company has offices in New York, London, and Hong Kong. PMC's brands cover a range of topics, including entertainment, fashion, beauty, music, and technology. PMC also owns a number of events and conferences, including the Variety Entertainment Summit and the WWD Beauty CEO Summit.
Learn more about Penske Media Corporation
Size
1,000 employees
Industry
Founded
2003

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