Source Interlink

Last updated
Source Interlink Companies, Inc.
Source Interlink logo.png
Founded1995
SuccessorMotor Trend Group
Country of originUnited States
Headquarters location Bonita Springs, Florida
Publication types Magazine
Owner(s) GoldenTree Asset Management

Source Interlink is an American magazine publishing and logistics company. It owns Source Interlink Distribution and Motor Trend Group. It maintains a strong position in automotive and action sports media, publishing a variety of magazines including Motor Trend , Hot Rod , and the Transworld titles. [1] [2]

Contents

History

In September 2012, it was announced that Source Interlink Media (SIM) made a strategic investment in San Francisco technology company CoverHound to power its insurance searches. [3]

Through its GrindMedia action sports division, SIM signed a deal with the Bonnier Corporation in May 2013, where they sold Dirt Rider, Motorcyclist, Sport Rider, Motorcycle Cruiser, Hot Bike, Baggers, Super Streetbike, Street Chopper and ATV Rider, whereas they bought Sound + Vision and the suite of TransWorld brands. [4]

On August 19, 2013, GrindMedia announced that production of Skateboarder will cease on October 15, 2013. [5] The Skateboarder announcement was followed by the closure of other publications, such as Modified, Mini Truckin', Bound By Ink, GEEK, and Law of Attraction, in January 2014. [6] [7] Former Skateboarder editor-in-chief Jamie Owens was announced as the new editor-in-chief of TransWorld SKATEboarding in October 2013. [8]

On May 29, 2014, Source Interlink CEO Michael L. Sullivan announced that its distribution arm would soon cease operations. Time, Inc. had withdrawn its business over the inability of Source Interlink Distribution to pay $19 million in revenues owed for second quarter 2014 sales and $7 million for sales booked in previous quarters. [9] The publishing arm would be rebranded under the umbrella of TEN: The Enthusiast Network after shuttering several Source Interlink Media titles, including Popular Hot Rodding , Rod & Custom, High Performance Pontiac, Custom Classic Trucks, 4 Wheel Drive & Sport Utility, Mud Life, 5.0 Mustangs and Super Fords, Modified Mustangs & Fords, Camaro Performers, GM High-Tech Performance, Import Tuner, and Honda Tuning.

In addition to editorial staff, there were further layoffs in art and production staff that was later explained by VPs and executives as needed cuts to keep TEN on a sustainable path since losing the large distribution arm of its core business to reach the claimed audience in its dwindling circulation and online presence. [10] [11]

Current US publications and digital assets

See also

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References

  1. "Source Interlink Media Rebrands As TEN: The Enthusiast Network". Transworld Business. GrindTV. 29 May 2014. Retrieved 28 January 2017.
  2. "Motor Trend Publisher Source Interlink Media Folds 12 Magazines, Lays Off Nearly 100". Ad Age. Retrieved 2018-04-20.
  3. "CoverHound Announces Strategic Partnership with Source Interlink Media". 2012-09-12. Retrieved 2012-09-12.
  4. Mike P (21 May 2013). "Grind Media Buys TransWorld". SBCBusiness.com. SBC Business Magazine. Retrieved 14 August 2013.
  5. Kailee Bradstreet (19 August 2013). "GRINDMEDIA TO DISCONTINUE PUBLISHING SKATEBOARDER MAGAZINE". TransWorld Business. GrindMedia. Retrieved 21 August 2013.
  6. Matt Hardigree (31 January 2014). "Modified Magazine Killed As Source Interlink Rumored To Lay Off Dozens". Jalopnik. Gawker. Retrieved 23 February 2014.
  7. http://www.foliomag.com/2014/source-inerlink-reportedly-folding-modified-plus-dozens-layoffs#.U4LsxCgWklk
  8. "TWS New Editor In Chief Jaime Owens Interview". Transworld SKATEboarding. The Enthusiast Network. 29 October 2013. Retrieved 16 July 2014.
  9. Kaufman, Leslie (May 30, 2014). "After Losing Time Inc. Business, Distributor Is to Close". New York Times. Retrieved 14 September 2016.
  10. Mickey, Bill (2014-05-30). "Source Interlink Media Rebrands, Closes 12 Titles New corporate identity: TEN: The Enthusiast Network". FolioMag.
  11. "Source Interlink Media Rebrands As TEN: The Enthusiast Network". 2014-05-29.