American Media Purchases 14 Sports and Adventure Media Brands From Ten:Publishing
The news comes a few weeks after American Media announced that it had raised $460 million to refinance its outstanding debt capital.According to a press release, American Media will now manage the Dew Tour, which was attended by approximately 84,000 fans at its events in Long Beach, CA, and Breckenridge, CO in 2018, along with several other 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."
No layoffs were mentioned in the press release from American Media, although there are reports that editorial staff from multiple titles were let go. In addition, a post from the editor of Transworld Motocross stated that the the “magazine, web site, and race series are on hold.”