9 August 2012 11:25 AM, PDT | The Hollywood Reporter - Movie News | See recent The Hollywood Reporter - Movie News news »

Jay Penske, a car-racing heir and budding digital media mogul, was arrested early Thursday morning for allegedly breaking into the Nantucket Yacht Club with his brother Mark, according to the Nantucket Inquirer and Mirror. Penske, 33, is CEO of Pmc Media, which owns Deadline.com, HollywoodLife.com and several other websites. He also is the owner of the IndyCar Racing League's Team Dragon. Jay and Mark Penske are sons of billionaire racing mogul and Nascar owner Roger Penske. A police report obtained by the Inquirer and Mirror states that officers initially responded to a call alleging assault and battery,

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- Jordan Zakarin

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