Associated tags: NewsNet, Travel, Sport, News, Entertainment, Sports Illustrated, HubPages, TheStreet, Arena, OTT, MVPD, Letter, Online, NYSE, Security (finance), Simplification, Parade, Communications, Advertising, TV and Radio, Publishing
Retrieved on:
Wednesday, February 14, 2024
Marketing,
Digital Marketing,
Communications,
Blogging,
Content Marketing,
Media,
Publishing,
News,
Sport,
Television,
Authentic Brands Group,
Sports Illustrated,
Authenticity Key Points:
- https://arenagroup.gcs-web.com/node/11216/html
“This infusion of cash is needed to help The Arena Group transition to a profitable, multi-media business,” said Bhargava.
- We’re not going anywhere.”
This new $12 million investment will raise Simplify’s equity stake to 54.5% of The Arena Group.
- The Arena Group continues to work with Authentic Brands Group (“Authentic”), the licensor of Sports Illustrated, to negotiate a new publishing license.
- The proposed merger between Bridge Media Networks and The Arena Group would form a new company, The Arena Group Holdings, Inc.
Retrieved on:
Wednesday, January 3, 2024
FARMINGTON HILLS, Mich., Jan. 3, 2024 /PRNewswire/ -- TravelHost, the premier provider of local news and information for travelers, has unveiled the first step of a comprehensive transformation today with the launch of a new website and multi-media marketing initiative. This is the beginning of a brand revitalization strategy that includes new social channels and the premier of a 15-second commercial that will air on digital and broadcast platforms in Q1 2023.
Key Points:
- Orestes Baez, an industry veteran with more than 35 years of experience in the magazine and newspaper business, was hired as CEO to revamp the TravelHost brand and expand the service markets.
- TravelHost will make use of BLOX Digital's full solutions suite, a strategic move aimed at enhancing efficiency and managing costs.
- "We are delighted that TravelHost has chosen to partner with BLOX Digital," said Brad Ward, CEO of BLOX Digital.
- "Our team looks forward to helping TravelHost harness the full potential of our fully-integrated platform to expand into new markets, improve efficiency, and boost digital revenue."
Men,
Online,
Media,
Entertainment,
Consumer,
Digital Marketing,
Publishing,
TV and Radio,
Marketing,
Advertising,
Communications,
Content Marketing,
Simplification,
Security (finance),
NYSE,
NewsNet,
Journal,
Arena,
Growth,
Travel,
TheStreet,
Letter,
NYSE American,
HubPages,
Sports Illustrated,
Sport The Arena Group Holdings, Inc. (NYSE American: AREN) (“we,” “us,” “our,” the “Company” or “The Arena Group”), a technology platform and media company home to more than 265 brands, including Sports Illustrated, TheStreet, Parade Media, Men’s Journal, and HubPages, today announced that it has signed a definitive agreement under which the Company will combine with Bridge Media Networks, LLC (“Bridge Media Networks”), a wholly owned subsidiary of Simplify Inventions, LLC (“Simplify”).
Key Points:
- The Arena Group Holdings, Inc. (NYSE American: AREN) (“we,” “us,” “our,” the “Company” or “The Arena Group”), a technology platform and media company home to more than 265 brands, including Sports Illustrated, TheStreet, Parade Media, Men’s Journal, and HubPages, today announced that it has signed a definitive agreement under which the Company will combine with Bridge Media Networks, LLC (“Bridge Media Networks”), a wholly owned subsidiary of Simplify Inventions, LLC (“Simplify”).
- The Arena Group and Simplify previously announced the signing of a binding Letter of Intent between the parties on August 14, 2023.
- Under the terms of the agreement, The Arena Group stockholders will receive one share of common stock of New Arena for each share of The Arena Group common stock they own.
- Pursuant to the proposed transaction, the existing assets of The Arena Group will be combined with the video programming, distribution, and production assets of Bridge Media Networks, including Bridge Media Networks’ two 24-hour networks, NEWSnet and Sports News Highlights, as well as the automotive and travel properties Driven and TravelHost.
Technology,
Publishing,
Entertainment,
Advertising,
Electronic Commerce,
Online,
Communications,
TV and Radio,
Internet,
Benchmarking,
Sport,
Astrology,
CTV,
OTT,
Balance sheet,
Pageview,
MVPD,
Parade,
TheStreet,
Acquisition,
Sports Illustrated,
Operative,
Digital,
Three Months,
NYSE,
Simplification,
Golf,
Google Analytics,
Growth,
Security (finance),
Liquidity,
Bill Maher,
NewsNet,
FAST,
E-commerce,
Comscore,
Lifestyle,
Webcast,
Adjustment,
Letter,
Parade Media,
Partnership,
HubPages,
Similarweb,
Sports complex,
OTA,
Arena,
EBITDA,
Wine,
Cryptocurrency,
Video game,
Music,
Bookkeeping For additional information regarding non-GAAP financial measures, see “Use of Non-GAAP Financial Measures” and “Net Loss to Adjusted EBITDA Reconciliation” below.
Key Points:
- For additional information regarding non-GAAP financial measures, see “Use of Non-GAAP Financial Measures” and “Net Loss to Adjusted EBITDA Reconciliation” below.
- Chairman and Chief Executive Officer of The Arena Group, Ross Levinsohn, said, “This is a watershed moment for The Arena Group.
- The conference call will also be webcast live on the Investor Relations section of The Arena Group’s website at https://investors.thearenagroup.net/news-and-events/events .
- ET on August 28, 2023 by dialing 877-481-4010 (United States) or 919-882-2331 (international) and using the passcode 48775.
Software,
Online,
Media,
Entertainment,
Internet,
Technology,
Digital Marketing,
Publishing,
TV and Radio,
Marketing,
Advertising,
Communications,
Simplification,
Travel,
HubPages,
NewsNet,
CTV,
OTT,
History,
Arena,
MVPD,
Parade,
TheStreet,
Bhargava,
HANS,
Commerce,
Invention,
Form,
Sports Illustrated,
Webcast,
Security (finance),
Letter,
NYSE,
Video game,
Bank,
Cryptocurrency The Arena Group intends to use a portion of this cash to reduce its debt by $20 million from current levels.
Key Points:
- The Arena Group intends to use a portion of this cash to reduce its debt by $20 million from current levels.
- The addition of Bridge Media Networks’ assets is expected to be accretive to The Arena Group’s earnings in 2024 and beyond.
- Simplify Inventions LLC, IV Media LLC and Bridge Media Networks LLC are all founded and led by Bhargava.
- Despite a challenging advertising market, The Arena Group delivered improved second quarter financial results across key operating metrics, including top-line revenue growth.
Cumulus Media,
Putnam Bridge (New York City),
Sport,
Travel,
HubPages,
NewsNet,
Internet service provider,
OTA,
Manufacturing execution system,
Men's Journal,
OTT,
Audacy, Inc.,
CBS,
Arena,
CBS Radio,
Digital Services Act,
MVPD,
LOI,
TheStreet,
Collection,
Investment,
Invention,
Sports Illustrated,
Audacy,
Radio,
Ecosystem,
News,
Television,
Entertainment,
Broadcasting,
Holding company,
Parade,
Inc. NEW YORK, Aug. 14, 2023 /PRNewswire/ -- Manoj Bhargava, the founder of 5-hour ENERGY®, announced after market trading today that he is expanding his media interests by creating a significant media holdings portfolio with stakes in print and online media, television and radio broadcast, production and distribution, and digital advertising delivery:
Key Points:
- Merging television broadcast network with The Arena Group:
Via Simplify Inventions LLC and its subsidiaries, IV Media LLC and Bridge Media Networks LLC, he has signed a binding LOI to combine its broadcast networks with The Arena Group Holdings, Inc. a technology platform and media company home to more than 265 brands, including Sports Illustrated, TheStreet, Parade Media ("Parade") and Men's Journal.
- IV Media LLC acquiring iMedia Brands, and its flagship property, Shop HQ TV, via a successful bid for the company.
- Bridge News, LLC also owns and operates 50 TV stations nationally, with an additional over 50 independent broadcast affiliates nationally.
- Altogether, these investments create a portfolio of companies and services that is now an end-to-end media ecosystem of production, distribution, and advertising delivery solutions globally.
