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  1. The Wire
January 18, 2022

Arena Group to acquire Parade publisher for $16m

The Arena Group, which owns brands including Sports Illustrated and TheStreet, has announced a $16m deal to buy the publisher of Parade magazine.

By Press Gazette

Media mergers news tracker

The Arena Group, which owns brands including Sports Illustrated and TheStreet, has announced a $16m deal to buy the publisher of Parade magazine.

Arena’s acquisition of AMG/Parade comes days after the company unveiled plans to ‘uplist’ its shares to the New York Stock Exchange from the smaller OTCQX.

In a press release announcing the AMG/Parade deal, Arena (formerly known as Maven) revealed that it generated record revenues of more than $180m in 2021, up 41% on the previous year.

Source: Press release

Deal value: $16m

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Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly dose of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
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  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
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Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
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