November 14, 2023
The Arena Group Reports Third Quarter 2023 Financial Results; Advances Bridge Media Acquisition
Results Showcase 21% Growth in Digital Revenue, a 32% Narrowing of Net Loss and 86% Improvement in Adjusted EBITDA.
November 6, 2023
The Arena Group Signs Definitive Agreement to Combine with Bridge Media Networks
The Arena Group today announced that it has signed a definitive agreement under which the Company will combine with Bridge Media Networks, LLC.
November 2, 2023
The Arena Group Names Katie Kulik as Chief Revenue Officer to Drive Growth and Innovation
The Arena Group announced today the appointment of Katie Kulik as Chief Revenue Officer. The seasoned digital media executive joins The Arena Group’s leadership team on the heels of a year marked by substantial growth and profitability for the Company.
October 17, 2023
POWDER Magazine Returns With Special Print Edition; 2023-24 Photo Annual Issue Now Available
The Arena Group announced the return of a special edition print version of POWDER Magazine celebrating the timeless allure of snow sports and mountain culture. Since its inception in 1972, the brand has chronicled a broad array of the ski and snowboard industry, highlighted by illustrious photojournalism, storytelling, and experiences.
October 4, 2023
The Arena Group To Launch Channels Tied To Powder Mag, Surfer Magazine, Transworld Skateboarding, Bike Mag And Snowboarder
The Arena Group, which controls media brands like Sports Illustrated, Parade and TheStreet, has teamed with FAST channel developer AcTVe to launch five channels tied to action sports magazines in its stable.
September 7, 2023
The Arena Group Launches ‘Arena Creator Network’
The network will consist of more than 100 creators reaching over 100 million followers, covering all genres – from culture to food, fashion, sports, travel, and more – activated to launch rapid integrated social campaigns on TikTok, Instagram, Facebook, and YouTube with original creator content, exclusive editorial coverage, OTT offerings, and over-the-air channels.
August 18, 2023
The Arena Group Names Grady Tripp as Senior Vice President of People
The Arena Group announced today the appointment of Grady Tripp as Senior Vice President, People.
August 14, 2023
The Arena Group Signs Binding LOI to Combine with Bridge Media Networks, Creating Diversified Media Leader
The Arena Group today announced that it has signed a binding letter of intent with Simplify Inventions, LLC and its founder, Manoj Bhargava to acquire certain assets of its subsidiary Bridge Media Networks, creating a well-capitalized, growing media leader with digital, commerce, print and video capabilities all supported by a unified technology platform.
August 14, 2023
The Arena Group Reports Second Quarter 2023 Financial Results
The Company once again generated year-over-year top- and bottom-line improvements in Q2 2023, growing revenues by 9% while reducing total operating expenses by 2%, leading to a 34% improvement in gross profit, a $2.7 million improvement in net loss, and a $4.1 million improvement in adjusted EBITDA compared to the three months ended June 30, 2022.
August 14, 2023
5-Hour Energy Founder to Buy Majority Stake in Sports Illustrated Publisher
Manoj Bhargava, a businessman who founded the caffeine beverage brand 5-Hour Energy and owns TV news stations, has agreed to acquire a majority stake in the publisher of Sports Illustrated.
July 12, 2023
First-of-its-Kind App, TheStreet Powered by Tornado, Launches One-Stop Investing Experience
Available free on iOS and Android this innovative app combines TheStreet’s breaking news, trading, and investing ideas with Tornado’s world-class technology, data, and vibrant investing community.
June 12, 2023
‘Club Random With Bill Maher’ Podcast Announces Partnership With The Arena Group
Through an exclusive licensing deal, the podcast will be featured on one of its core flagship lifestyle brands, Men’s Journal (MensJournal.com), and provide fans with new episodes every Sunday with exclusive behind-the-scenes clips not found anywhere else.
May 10, 2023
The Arena Group Reports First Quarter 2023 Financial Results
The Arena Group continued to generate top-line improvements in Q1 2023, growing revenues by 7% year-over-year while holding total operating expenses steady, which increased by only 2% compared to the first three months ended March 31, 2022.
March 31, 2023
The Arena Group Announces the Pricing of $11.5 Million Registered Direct Equity Offering to Existing Shareholders
The Arena Group today announced that it has entered into definitive agreements with existing shareholders for the issuance and sale of 2,963,918 shares of its common stock at an offering price of $3.88 per share.
March 9, 2023
Esports Illustrated: A New Digital Destination for Gamers Launches, Powered By The Arena Group
The Arena Group and Gaud-Hammer Gaming Group today announced the launch of Esports Illustrated, a new media platform dedicated to providing exclusive, in-depth coverage of esports with analysis, team interviews, and behind-the-scenes glimpses of major competitive gaming events.
March 6, 2023
The Arena Group Announces Four New Sports Properties Will Launch on the Platform
Sports Illustrated Media Group today announced that it is partnering with four properties to grow and expand the publisher’s existing coverage across professional football, college sports, wrestling, and mixed martial arts.
February 22, 2023
New Sports Illustrated Golf Rankings System Includes LIV Players
Teaming up with course analytics firm Golf Intelligence to give the newfangled rankings number crunching gravitas, the system measures the past 12 months of player results while also factoring strength-of-field and course difficulty into the equation.
February 3, 2023
The Arena Group Announces Preliminary and Unaudited Full Year 2022 Results Exceeding Guidance
The Arena Group today announced certain key preliminary and unaudited financial results for the full year ended December 31, 2022.
February 3, 2023
Sports Illustrated Publisher Taps AI to Generate Articles, Story Ideas
The publisher of Sports Illustrated and other outlets is using artificial intelligence to help produce articles and pitch journalists potential topics to follow, the latest example of a media company investing in the emerging technology.
February 3, 2023
The Arena Group Announces Strategic Partnerships With Artificial Intelligence Firms
The Arena Group today announced strategic development partnerships with two Artificial Intelligence firms – Jasper and Nota – to speed and broaden its AI-assisted efforts in content workflows, video creation, newsletters, sponsored content, and marketing campaigns.
January 12, 2023
The Arena Group Acquires Fexy Studios, Expanding Its Video Footprint
The sports, finance and lifestyle publisher The Arena Group, which houses editorial titles including Sports Illustrated, The Street and Parade, has acquired Fexy Studios, a digital video and content production studio with a focus on food media, in a stock-and-cash transaction.
January 12, 2023
The Arena Group Acquires Fexy Studios Expanding Video Production and Distribution
Today, The Arena Group announced that it has acquired Fexy Studios, an award-winning creative agency that produces television shows, streaming and digital video programming, and branded content across a variety of mediums including desktop and mobile web, OTT, broadcast television, YouTube, Twitch, Instagram, Facebook, webinars, and more.
December 13, 2022
The Arena Group to Acquire Digital Assets of Men’s Journal and Adventure Network
The Arena Group today announced that it has entered into a definitive agreement to acquire the digital assets of Men’s Journal, Men’s Fitness, Surfer, Powder, Bike, SKATEboarding, Snowboarder and NewSchoolers from accelerate360.
December 3, 2022
The Arena Group Acquires Digital Assets Of ‘Men’s Journal,’ Other Titles For $28.5M
The Arena Group today announced that it has entered into a definitive agreement to acquire the digital assets of Men’s Journal, Men’s Fitness, Surfer, Powder, Bike, SKATEboarding, Snowboarder and NewSchoolers from accelerate360.
December 3, 2022
Arena Group to buy brands from Accelerate360 in $28.5M deal
The Arena Group, a publicly traded digital-publishing company, plans to acquire the digital assets of Men's Journal and of Adventure Sports Network from Accelerate360 for $28.5 million, the company said.
November 9, 2022
The Arena Group Reports Record Revenue for the Third Quarter of 2022
Total revenue for the third quarter was $66.7 million, the largest quarterly revenue in Company history and $180.0 million in revenue for the first nine months, a 41% increase.
October 26, 2022
The Arena Group Deepens Investment in Advertising Data Infrastructure, Hires New VP to Lead Strategy
The Arena Group media company today announced further investment in its data infrastructure for advertising partners to optimize audience reach.
September 27, 2022
The Arena Group, Publisher Of Sports Illustrated, Acquires Morning Read
The Arena Group, a digital-media publisher operating a roster of over 240 brands including Sports Illustrated as well as The Street, The Spun and Parade, is amping up their golf coverage by acquiring Morning Read from Buffalo Groupe.