AMI ACQUIRES TEN | WHAT'S THE FUTURE OF SNOWBOARDER & TRANSWORLD MAGAZINE?
Last week a shock was sent to the snowboarding world as American Media INC,
It has been said that these brands are now going to run under the management team at Men's Journal.
It sounds like mass layoffs have occurred and we're not sure where the dust will settle or what this means for the future of these titles as there has been no discussion of print media in any of our findings. But as fans, and friends of the passionate people and work being done at TEN this is concerning for sure.
TEN launches Adventure Sport Network before selling to AMI: TEN: The Enthusiast Network Launches ASN (Adventure Sports Network)
Read the Forbes Report: American Media Acquires 14 Adventure-Sports Media Brands From TEN: Publishing
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The American Media Press Release:
“The opportunity to merge the incredible ASN brands with our recent acquisition of Men’s Journal establishes a significant digital network and underscores American Media’s commitment to diversifying our brand offerings and revenue streams,” said American Media Chairman and CEO David J. Pecker. “I am confident that under the management of the Men’s Journal leadership, the addition of ASN’s incredible digital and social scale will be important factors in our continued growth and success.”
With the addition of the ASN brands, the American Media Active Lifestyle Group significantly increases its digital footprint. Combined with Men’s Journal, the group will now deliver more than 35 million social media fans and followers. Additionally, the ASN brands have proven to be among the most effective at engaging a millennial audience with video, delivering more than 60 million monthly views across their brands.
“ASN’s brands – focused on deep passion and engagement from their readership – are an extraordinary compliment to Men’s Journal,” said Men’s Journal Chief Content Officer Greg Emmanuel. “Our audience places a premium on high-quality, compelling content, and the new brands will help to further establish us as the ultimate destination for sports and adventure content.”
In addition to the publishing brands, American Media will also acquire a robust roster of experiential events and assume management of the Dew Tour, which hosted approximately 84,000 young, passionate fans at its events in Long Beach, CA and Breckenridge, CO last year. In addition to the Dew Tour, the ASN brands execute several consumer experiential, content-driven and sports-specific events.
Norb Garrett, President of ASN, said, “ASN has built a portfolio of the most enduring brands in the adventure sports media landscape. Under American Media’s leadership, we will continue to grow our multi-platform reach across digital, social, print, and experiential events.”
Kevin Mullan, President of TEN: Publishing, said, “We are excited for ASN to now be part of the American Media platform. TEN: Publishing looks forward to continuing to provide our audience with the highest-quality content as we focus our resources across our leading automotive titles.”