BREAKING: PMC's Jay Penske Arrested, Charged in Nantucket

There is a gigantic Hollywood media story crossing the wire from Massachusetts, courtesy of The Inquirer and Mirror’s Jason Graziadei.

According to the shocking dispatch, Jay Penske, 33-year-old CEO of Nikki Finke parent company Penske Media Corporation, was arrested early this morning along with his older brother Mark for an alleged break-in at the Nantucket Yacht Club. And that’s not all:

According to a police report, the incident was initially reported as an assault and battery when two women approached police on Broad Street, claiming they had been assaulted by two men, later identified as the Penske brothers, at the yacht club’s parking lot.

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