# Peter Brack
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{{Short description|American businessman}}
{{Infobox person
| name = Peter Bush Brack
| image = Peter Brack Portrait, 2025.jpg
| caption = Brack in 2025
| education = {{UBL| [Tulane University](/source/Tulane_University) | [American University of Paris](/source/American_University_of_Paris) }}
| employer = Hypothesis Ventures
| known_for = Media companies: Redgate Media Holdings, One Media Holdings
}}
'''Peter Bush Brack''' is an American entrepreneur, founder, business leader and investor. In the 1990s, he worked at media companies like [CNN](/source/CNN), [Time Inc.](/source/Time_Inc.) and [Time Warner](/source/Time_Warner), specifically their bases throughout [Asia](/source/Asia). Afterward, in the early 2000s, he founded his own media companies, Redgate Media Holdings and One Media Holdings, which acquired and published numerous titles in [China](/source/China), [Hong Kong](/source/Hong_Kong) and [Taiwan](/source/Taiwan).
In the 2010s, Brack began working in [venture capital](/source/venture_capital) back in the [United States](/source/United_States). He first became a venture partner and executive-in-residence at Mucker Capital, after which he became the founding partner at Hypothesis Ventures, a firm investing in tech companies in [Opportunity Zones](/source/Opportunity_zone). In 2022, ''Best Startup'' named Brack one of the "United States's 101 Top Advisors in the Finance Space".[{{Cite web |last= |first= |date=2022-06-01 |title=Meet United States's 101 Top Advisors in the Finance Space |url=https://beststartup.us/meet-united-statess-101-top-advisors-in-the-finance-space/ |access-date=2025-01-03 |website=Best Startup US |language=en-US}}]
== Education ==
Brack has a [BA](/source/BA_degree) from [Tulane University](/source/Tulane_University).[{{Cite web |title=Peter Brack |url=https://hypothesis.studio/team/peter-brack |access-date=2025-01-02 |website=Hypothesis}}] He also attended the [American University of Paris](/source/American_University_of_Paris).[{{Cite web |title=Peter Bush Brack |url=https://www.bloomberg.com/profile/person/4690703#xj4y7vzkg |access-date=2025-01-02 |website=Bloomberg |language=en}}]
== Career ==
=== Asian media ===
In 1993, Brack was one of the first employees at [Turner Broadcasting System](/source/Turner_Broadcasting_System)'s [Hong Kong](/source/Hong_Kong) location. He also managed Time Inc.'s ''[Asiaweek](/source/Asiaweek)'' and became the company's senior vice president in Asia.[{{Cite web |date=2003-04-07 |title=Emerging media giant |url=https://adage.com/article/news/emerging-media-giant/49830 |access-date=2025-01-02 |website=Ad Age |language=en}}][{{Cite news |last=Landler |first=Mark |date=2001-12-03 |title=MEDIA; Asian English-Language Journals Are Reeling as Advertising Slumps |url=https://www.nytimes.com/2001/12/03/business/media-asian-english-language-journals-are-reeling-as-advertising-slumps.html |work=[The New York Times](/source/The_New_York_Times)}}] Specifically, Brack cited an existing economic slowdown in Asia paired with the aftermath of the [September 11 attacks](/source/September_11_attacks).[{{Cite news |last= |first= |date=2001-11-29 |title=Time Inc. Shuts Down Asiaweek, May Close Two Other Magazines |url=https://www.wsj.com/articles/SB1006985377589423320 |access-date=2025-01-03 |work=Wall Street Journal |language=en-US |issn=0099-9660}}] Shortly afterward, he was promoted to senior vice president of ad sales at ''Time'' and ''Fortune'' in Asia.[{{Cite web |title=Butcher heads to UK to take bigger role in Time titles |url=https://www.campaignasia.com/article/butcher-heads-to-uk-to-take-bigger-role-in-time-titles/185052 |access-date=2025-01-03 |website=Campaign Asia}}] Brack also later served as an executive at Time Warner where he helped launch [Cartoon Network](/source/Cartoon_Network) in Asia.[{{Cite web |last=Watts |first=David |date=2007-07-02 |title=The men who made Hong Kong |url=https://www.thetimes.com/article/the-men-who-made-hong-kong-8jf8j3g0qmj |access-date=2025-01-02 |website=The Times |language=en}}][{{Cite web |title=Video: Peter Brack on Adventures in Media Entrepreneurship in China |url=https://china.usc.edu/video-peter-brack-adventures-media-entrepreneurship-china |access-date=2025-01-02 |website=US-China Institute |language=en}}]
=== Media consolidation in Asia ===
In 2003, Brack co-founded and became the CEO of Redgate Media Holdings, a consolidated media company based in [China](/source/China).[{{Cite web |date=2003-04-07 |title=Emerging media giant |url=https://adage.com/article/news/emerging-media-giant/49830 |access-date=2025-01-02 |website=Ad Age |language=en}}] He stated that Redgate "was principally an investment company" and "its role following any acquisition would therefore be primarily strategic in nature" with regard to the media market in Asia.[{{Cite web |title=Redgate buys into China's Media2U {{!}} News |url=https://www.campaignasia.com/article/redgate-buys-into-chinas-media2u/191303 |access-date=2025-01-03 |website=Campaign Asia}}] As such, he closed deals on and acquired numerous titles, publications, and local media companies with the goal of establishing a "network of partner companies to provide seamless deals for advertisers."[{{Cite web |date=2004-03-10 |title=Ming Pao venture paves way for sales foray into mainland |url=https://www.scmp.com/article/447569/ming-pao-venture-paves-way-sales-foray-mainland |access-date=2025-01-02 |website=South China Morning Post |language=en}}] It merged with Inno-Tech Holdings in 2013.[{{Cite web |last=Inno-Tech Holdings Limited |date=2013-06-27 |title=Inno-Tech Holdings Limited Third Quarterly Report 2012/2013 |url=https://www.hkexnews.hk/listedco/listconews/gem/2013/0628/gln20130628043.pdf |website=HKEXnews}}]
In 2004, Brack co-founded and became the CEO of One Media Holdings, a [Hong Kong](/source/Hong_Kong)-based magazine publisher that operated in Hong Kong, mainland [China](/source/China), and [Taiwan](/source/Taiwan). It served as the "magazine arm" of Ming Pao Enterprise Group.[{{Cite web |date=2006-03-08 |title=Rolling Stone hits a home run with its China edition |url=https://www.scmp.com/article/539451/rolling-stone-hits-home-run-its-china-edition |access-date=2025-01-02 |website=South China Morning Post |language=en}}] There, Brack oversaw the release of publications such as Chinese editions of ''[Popular Science](/source/Popular_Science)'', [''Top Gear''](/source/Top_Gear_(magazine)), [''T3''](/source/T3_(magazine)), and others publications—in Hong Kong specifically, One Media Holdings published titles like ''[Ming Pao Weekly](/source/Ming_Pao_Weekly)'', ''City Children Weekly'', and ''Hi Tech Weekly''.[{{Cite web |date=2005-10-24 |title=One Media outlines title schedules |url=https://www.scmp.com/article/521854/one-media-outlines-title-schedules |access-date=2025-01-02 |website=South China Morning Post |language=en}}] In 2008, [Media Chinese International](/source/Media_Chinese_International) became the major shareholder of One Media Holdings.[{{Cite web |date=2008-04-30 |title=Reshuffles on cards at Asian media giants |url=https://www.scmp.com/article/635799/reshuffles-cards-asian-media-giants |access-date=2025-01-02 |website=South China Morning Post |language=en}}]
Both Redgate Media Holdings and One Media Holdings went public on the [Hong Kong Stock Exchange](/source/Hong_Kong_Stock_Exchange).[{{Cite web |date=2016-10-24 |title=The rise of the small screen is what's driving AT&T's $85.4-billion deal for Time Warner |url=https://www.latimes.com/entertainment/envelope/cotown/la-et-ct-att-small-screen-time-warner-20161023-snap-story.html |access-date=2025-01-03 |website=Los Angeles Times |language=en-US}}][{{Cite web |last=Fannin |first=Rebecca |title=Alibaba's New Pasadena Hub Signals LA As Growing Gateway To China |url=https://www.forbes.com/sites/rebeccafannin/2015/06/27/alibabas-new-pasadena-hub-signals-la-as-growing-gateway-to-china/?sh=447cd9025625 |access-date=2025-01-02 |website=Forbes |language=en}}][{{Cite web |title=Peter Bush Brack |url=https://www.marketscreener.com/insider/PETER-BUSH-BRACK-A0NJV9/ |access-date=2025-01-02 |website=Market Screener |language=en-US}}] Brack is also one of six founding and managing partners at Hypothesis Ventures, a firm investing in early-stage [startup companies](/source/Startup_company) in [Opportunity Zone](/source/Opportunity_Zone)s.[{{Cite web |last=Meyersohn |first=Nathaniel |date=2019-05-08 |title=Anthony Scaramucci on stocks, trade and China |url=https://www.cnn.com/business/live-news/stock-market-news-today-050819#h_8aeb4fe4757e42f29ddb0c9af5d2938f |access-date=2025-01-02 |website=CNN |language=en}}][{{Cite web |last=Schleifer |first=Theodore |date=2018-10-16 |title=The new hotness for tech billionaires? Do-gooder investments they can write off on their taxes. |url=https://www.vox.com/2018/10/16/17940120/opportunity-zones-sean-parker-silicon-valley-wealth-taxes |access-date=2025-01-02 |website=Vox |language=en-US}}][{{Cite news |last1=Rubin |first1=Richard |last2=Simon |first2=Ruth |date=2018-11-14 |title=Rich Investors Eye Tax-Favored Development Funds |url=https://www.wsj.com/articles/rich-investors-eye-tax-favored-development-funds-1542193201 |access-date=2025-01-03 |work=Wall Street Journal |language=en-US |issn=0099-9660}}]
== Personal life ==
Brack's father was [Reginald K. Brack](/source/Reginald_K._Brack), a former chairman and CEO of Time Inc. and board member of [Interpublic Group of Companies](/source/The_Interpublic_Group_of_Companies).[{{cite web |last=Cardwell |first=Diane |title=Reginald K. Brack Jr., 79, Dies; Led Time Inc. Into Entertainment Era |website=The New York Times |date=2016-10-10 |url=https://www.nytimes.com/2016/10/11/business/media/reginald-brack-dead.html |access-date=2025-01-03}}]