Penske Media Corporation Acquires Artforum Magazine

"Artforum's quality and authority in the art world is unparalleled," PMC chairman and chief executive officer Jay Penske said in a statement announcing the acquisition. McConnell added that PMC's "media infrastructure will provide dynamic, amplified opportunities for Artforum's international community of artists, galleries, museums and other valued partners. Artist and activist Nan Goldin revealed her addiction to OxyContin in a searing 2018 piece, which would lead to the founding of PAIN (Prescription Addiction Intervention Now) and her campaign to expose the complicity of the Sackler family, erstwhile art world philanthropists and owners of Purdue Pharma, in an opioid epidemic that has killed thousands of Americans.