Member of the Month

partyandBS
December, 2024

Online

Welcome to the Newschoolers forums! You may read the forums as a guest, however you must be a registered member to post. Register to become a member today!

Arena Group

profile picture
Forrest.Gump
Posts: 579 - Karma: -1,183
Arena Group Holdings accepted the resignation of Manoj Bhargava as interim chief executive officer in a move to avoid conflicts of interest.

The media company, whose brands include Sports Illustrated , NEWSCHOOLERS, and TheStreet, said it accepted Bhargava's resignation on Thursday, the same day it engaged business advisory firm FTI Consulting to assist with the company's turnaround plans, according to a regulatory filing.


Jason Frankl, a senior managing director of FTI, was appointed Arena's chief business transformation officer in conjunction with the engagement between Arena and FTI.

Bhargava took over as interim CEO in early December after the company terminated the employment of then CEO Ross Levinsohn.

The executive shakeup comes days after the New York Post reported Arena was the target of a buyout from former Arena CEO James Heckman and crypto investor Brock Pierce.

The company stock is tanking, consulting email to FTI, sent.
Jan 10 2024 1:45PM
6 0
profile picture
arnie_grape
Posts: 3455 - Karma: 11,739
Forrest.GumpNEWSCHOOLER

AAAHHHHHH


Jan 10 2024 2:41PM
9 0
profile picture
HypeBeast
Posts: 9818 - Karma: 72,963
They're cutting the fat. NS shall be no more. Oh noooooooo
Jan 12 2024 11:20AM
3 1
profile picture
CatdickBojangles
Posts: 6210 - Karma: 63,060
This is all a conspiracy theory. Everyone knows eheath actually owns Newschoolers.
Jan 13 2024 6:40PM
18 0
profile picture
SofaKingSick
Posts: 9390 - Karma: 61,887
CatdickBojanglesThis is all a conspiracy theory. Everyone knows eheath actually owns Newschoolers.


and he funds it entirely out of pocket, using all the money he makes from controlling the weather
Jan 16 2024 3:31PM
5 0
profile picture
arnie_grape
Posts: 3455 - Karma: 11,739
SofaKingSickand he funds it entirely out of pocket, using all the money he makes from controlling the weather

his real name is Levan Heathberg
Jan 16 2024 4:59PM
5 0
profile picture
BallClapper
Posts: 3330 - Karma: 14,743
Didn't even read the thing cuz op is probably saying some dumb shit.
Jan 16 2024 7:22PM
0 4
profile picture
justchillin
Posts: 72 - Karma: 16
https://awfulannouncing.com/arena-group/sports-illustrated-publisher-layoffs-uncertainty.html


[URL]https://www.sportico.com/business/media/2024/sports-illustrated-arena-group-license-1234763506[/URL]/
Jan 20 2024 2:47AM
0 0
profile picture
Forrest.Gump
Posts: 579 - Karma: -1,183
in all my years, i have not seen a stock (arena group) go from $11 per share to $0.75 and plummeting in one year...


"The sports media world was rocked Thursday by the news that Sports Illustrated, will lay off the majority of its workforce in what many see as the end of the publication"
Jan 23 2024 9:51PM
2 0
profile picture
littleman34
Posts: 1355 - Karma: 4,148
First of all I never would have guessed NS was owned by a publically traded company but second of all there's no way they just shut down the site if Areana goes under... right?
Jan 23 2024 9:57PM
1 0
profile picture
eheath
Posts: 61710 - Karma: 124,286
littleman34First of all I never would have guessed NS was owned by a publically traded company but second of all there's no way they just shut down the site if Areana goes under... right?


NS has passed hands through many corporations, it's one of the best margins in the portfolio, digital only and a small staff. Someone will buy up the brands from arena if they go under.
Jan 24 2024 12:08AM
6 0
profile picture
freestyler540
Posts: 13126 - Karma: 19,232
I wonder how hard it would be for NS users to buy back NS. It would be pretty sweet to run this place as a non-profit. User owned and operated…sounda pretty sweet
Jan 24 2024 7:34AM
3 0
profile picture
eheath
Posts: 61710 - Karma: 124,286
freestyler540I wonder how hard it would be for NS users to buy back NS. It would be pretty sweet to run this place as a non-profit. User owned and operated…sounda pretty sweet


Paging @Mr.Bishop 😉
Jan 24 2024 10:18AM
7 0
profile picture
X_MEMESWERVE_XX
Posts: 3677 - Karma: 30,131
eheathNS has passed hands through many corporations, it's one of the best margins in the portfolio, digital only and a small staff. Someone will buy up the brands from arena if they go under.


When do we start bidding on ownership of Newschoolers
Jan 24 2024 10:50AM
4 0
profile picture
C.R.E.A.M
Posts: 2989 - Karma: 4,610
freestyler540I wonder how hard it would be for NS users to buy back NS. It would be pretty sweet to run this place as a non-profit. User owned and operated…sounda pretty sweet


This place is already non-profit
Jan 24 2024 3:02PM
1 0
profile picture
Forrest.Gump
Posts: 579 - Karma: -1,183
freestyler540I wonder how hard it would be for NS users to buy back NS. It would be pretty sweet to run this place as a non-profit. User owned and operated…sounda pretty sweet


Thats how Matt Harvey , the creator of Newschoolers intended the site to be...

Others got involved for profit reasons, and legit, destroyed a site that was intended to be for the freestyle skiing community, to communicate, cooperate, and grow.

the idea of someone creating this site for free, and it was stolen by people who dont even freestyle ski, so they could run and control the site for profit, and culting....

it honestly , makes me sick.
Jan 24 2024 9:29PM
1 0
profile picture
littleman34
Posts: 1355 - Karma: 4,148
Time to start the gofundme. Make NS for the people by the people!
Jan 24 2024 9:46PM
0 0
profile picture
Forrest.Gump
Posts: 579 - Karma: -1,183
between @N.L. and @3rDimensionRx I have around 50 videos, in excess of 100k views ....
I dont have the original edits....i would lose them all, with the loss of this site.
i know you all hate me, i dont know why im asking.... but if theres a way to download them, even with the NS logo owning them... that would be legit.
the "fire" took everything.
Jan 24 2024 10:16PM
0 0
profile picture
arnie_grape
Posts: 3455 - Karma: 11,739
Forrest.Gumpbetween @N.L. and @3rDimensionRx I have around 50 videos, in excess of 100k views ....
I dont have the original edits....i would lose them all, with the loss of this site.
i know you all hate me, i dont know why im asking.... but if theres a way to download them, even with the NS logo owning them... that would be legit.
the "fire" took everything.


https://gprivate.com/69237
Jan 25 2024 12:31AM
0 0
profile picture
TRVP_ANGEL
Posts: 12535 - Karma: 116,735
Forrest.Gumpbetween @N.L. and @3rDimensionRx I have around 50 videos, in excess of 100k views ....
I dont have the original edits....i would lose them all, with the loss of this site.
i know you all hate me, i dont know why im asking.... but if theres a way to download them, even with the NS logo owning them... that would be legit.
the "fire" took everything.

Take eheath out for dinner at a very nice restaurant (think red lobster endless shrimp) and he will do it for you.
Jan 25 2024 11:35AM
0 0
profile picture
CatdickBojangles
Posts: 6210 - Karma: 63,060
Forrest.Gumpbetween @N.L. and @3rDimensionRx I have around 50 videos, in excess of 100k views ....
I dont have the original edits....i would lose them all, with the loss of this site.
i know you all hate me, i dont know why im asking.... but if theres a way to download them, even with the NS logo owning them... that would be legit.
the "fire" took everything.


TRVP_ANGELTake eheath out for dinner at a very nice restaurant (think red lobster endless shrimp) and he will do it for you.


I got coupons if you want them
Jan 25 2024 11:42AM
0 0
profile picture
Forrest.Gump
Posts: 579 - Karma: -1,183
newschoolers owes me a vacation from that travel fund....
Jan 25 2024 11:45AM
0 0
profile picture
BallClapper
Posts: 3330 - Karma: 14,743
CowboySkibopWhen do we start bidding on ownership of Newschoolers


$69,000
Jan 25 2024 11:57AM
2 0
profile picture
r00kie
Posts: 5238 - Karma: 59,586
C.R.E.A.MThis place is already non-profit


There’s a key difference in non-profit and not making a profit.
Jan 25 2024 3:39PM
0 0
profile picture
C.R.E.A.M
Posts: 2989 - Karma: 4,610
r00kieThere’s a key difference in non-profit and not making a profit.


Agreed. I didn't say it was A non-profit. It's just non profit.
Jan 25 2024 4:12PM
0 0
profile picture
Forrest.Gump
Posts: 579 - Karma: -1,183
Arena Group... A publicly traded stock company runs NS for profit, and pays the "staff"
Jan 25 2024 10:35PM
0 2
All times are Eastern (-5)