1. AREN acquires digital assets of Lindy's Sports for growth expansion. 2. Lindy's Sports adds a trusted brand to AREN's Sports & Leisure vertical. 3. CEO Paul Edmondson envisions relaunching Lindy's website by October end. 4. The acquisition reflects AREN's strategy of revamping legacy media brands. 5. This strengthens AREN's competitive position in the sports media market.
The acquisition of Lindy's Sports adds a reputable brand, potentially increasing revenues. Historical acquisitions of similar brands have led to successful growth trajectories for media companies.
The move presents significant growth potential for AREN, as bolstered by a trusted brand. Market reactions to acquisitions in media often result in positive sentiment shifts.
The planned re-launch by October suggests immediate market response and potential revenue impact. Quick user engagement could drive rapid sentiment improvement.
The Arena Group Holdings, Inc. (NYSE:AREN) ("The Arena Group" or the "Company"), announced today its acquisition of the digital assets of Lindy's Sports, the historic sports publication founded in 1982. The move marks an expansion of The Arena Group's Sports & Leisure vertical through the addition of a trusted and long-standing brand.
"We are thrilled to acquire the digital assets of Lindy's Sports," said Paul Edmondson, CEO of The Arena Group. "For decades, Lindy's Sports has delivered trusted, high-quality sports coverage. We believe in the strength of the Lindy's Sports brand and plan to relaunch the site by the end of October. This transaction reflects our continued strategy of acquiring strong, legacy brands that align with our asset-light entrepreneurial publishing model and offer significant potential for growth."
Lindy Davis, Founder and Publisher of Lindy's, expressed his enthusiasm for the partnership: "I am extremely excited to do this deal with The Arena Group as I know they will do a terrific job of growing the Lindy's brand in the digital space."
This acquisition strengthens The Arena Group's position in the sports media market and underscores its growth strategy of building scale and profitability through transformation of established media brands with a modern digital strategy.
Forward-Looking Statements
This Press Release of The Arena Group Holdings, Inc. (the "Company," "we," "our," and "us") contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements relate to future events or future performance and include, without limitation, statements concerning our business strategy, future revenues and income from continuing operations, cost reductions, market growth, capital requirements, product introductions, and expansion plans (as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on April 15, 2025 (the "2024 10-K") and in our other SEC filings and publicly available documents). Other statements contained in this Press Release that are not historical facts are also forward-looking statements. We have tried, wherever possible, to identify forward-looking statements by terminology such as "may," "will," "could," "should," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and other stylistic variants denoting forward-looking statements.
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About The Arena Group
The Arena Group (NYSE:AREN) is an innovative technology platform and media company with a proven cutting-edge playbook that transforms media brands. Our unified technology platform empowers creators and publishers with tools to publish and monetize their content, while also leveraging quality journalism of anchor brands like TheStreet, Parade, Men's Journal and Athlon Sports to build their businesses. The company aggregates content across a diverse portfolio of brands, reaching over 100 million users monthly. Visit us at thearenagroup.net and discover how we are revolutionizing the world of digital media.
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