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Primedia is in some Deep Shit.

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trevorwoulddoit
Posts: 6153 - Karma: 201
For those of you that don't know, Primedia is the parent company of ASG, (Action Sports Group) which owns Powder magazine. I know this is going to be a lot for most of you to digest, but check it out, it's some interesting stuff. Long story short, it's not all sunshine and puppy dogs up top, should be interesting to see how it shakes out down the line.

Read this:

http://www.telegram.com/apps/pbcs.dll/article?AID=/20051024/APF/510241046

If your attention span hasn't expired by now, read this:

http://www.marketwatch.com/news/story.asp?guid=%7BAE4B327C-F721-4063-93E5-7C210D0ED1E6%7D&siteid=google
19 years ago
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prophet
Posts: 4737 - Karma: 1,096
dave, i saw that coming when they started calling me eveyr month or so offering 3 more years worth of subscription to powder for like 10 bucks.
19 years ago
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ESB
Posts: 9274 - Karma: 10,659
No wonder I've been getting so much spam from Primedia recently.
19 years ago
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whattheshit
Posts: 6562 - Karma: 107
good hopefully that takes down their shitty car magazines too.
19 years ago
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Jib_This
Posts: 8272 - Karma: 9
so how long before Powder bites it just like Freeze and 2Freeski?
19 years ago
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mnjib
Posts: 5592 - Karma: 363
very interesting but no where did they say that powder would be cancled. they are just talkig about breaking the parrent company up.
19 years ago
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johanblaze
Posts: 4987 - Karma: 345
i know it's a little off topic, but it's insane how much some of that stuff sells for. like a website for $400 million?
19 years ago
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Andrius
Posts: 67 - Karma: 10
This isn't anything new. Transworld snowboarding has been bought and sold more times than anyone can even keep track of. Powder has been bought and sold a few times too, I believe.
Even if Primedia falls apart completely, chances are that the magazines will continue on if they are profitable or have the chance of being profitable short term. The only problem this might cause right now is if the parent corp starves the magazines to keep HQ afloat. You won't see too much of it showing in the mag, but the people who work there won't be as happy.
19 years ago
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trevorwoulddoit
Posts: 6153 - Karma: 201
^Excellent observation, you hit the nail on the head my man.
19 years ago
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trevorwoulddoit
Posts: 6153 - Karma: 201
Another update for anyone who cares.
It looks like Primedia's going to be liquidating a batch of titles, along with some other internal shakeups. No mention of ASG's fate, or if they're even on the chopping block.

http://www.foliomag.com/index.php?id=396&backPID=392&tt_news=1326
19 years ago
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