Fox acquires 33% stake in IndyCar owner Penske Entertainment, extends media rights deal
1. Fox acquired a 33% stake in Penske Entertainment, enhancing IndyCar's growth. 2. The deal includes a multi-year contract extension for Fox Sports' media rights. 3. IndyCar viewership increased by 31% this season, showcasing growth potential. 4. Eric Shanks emphasizes commitment to elevating IndyCar across platforms. 5. The Indianapolis 500 saw a 41% rise in viewership, indicating strong interest.