American Media, the parent corporation of Men’s Journal, Radar, US Weekly and more famously the National Enquirer (you know, the company run by Donald Trump’s friend David Pecker) is reportedly purchasing all the action sporting brands from TransWorld Skateboarding, Snowboarding, Snowboarder, and Surfer Magazine’s parent company The Enthusiast Network. TEN employees were apparently informed today (January 31, 2019) during an all-hands meeting at TEN’s headquarters in Carlsbad, California.
According to reports the new owners sent the staff of Transworld Snowboarding, Snowboarder, and Powder magazines home from the OR/Snow Show in Denver, Colorado as quickly as they’d arrived.
Things may not be looking all that bright for current TEN employees. As one media executive who is not involved with either company told us, “I would assume this is going to be brutal. American Media has tons of debt, so I doubt they’re going to invest in anything. They probably see synergies and cost-cutting as a quick way to shape up the bottom line.”