
Penske Entertainment has announced the purchase of the Grand Prix Association of Long Beach — acquired from longtime owner Gerald R. Forsythe. The historic Grand Prix of Long Beach, the longest running street race based in Southern California, now joins the likes of the IndyCar Series, Indianapolis Motor Speedway and Detroit Grand Prix as part of the portfolio of brands under Penske Entertainment, a subsidiary of Penske Corporation.
Next year will mark the 50th edition of the historic event, with special programming planned to mark the occasion. The race will return to network television, with FOX set to broadcast the event Sunday, April 13.