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April, 2025

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Arena Group

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Forrest.Gump
Posts: 579 - Karma: -1,179
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.
a year ago
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arnie_grape
Posts: 3459 - Karma: 11,912
Forrest.GumpNEWSCHOOLER

AAAHHHHHH


a year ago
9 0
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HypeBeast
Posts: 10053 - Karma: 76,098
They're cutting the fat. NS shall be no more. Oh noooooooo
a year ago
3 1
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CatdickBojangles
Posts: 6478 - Karma: 66,356
This is all a conspiracy theory. Everyone knows eheath actually owns Newschoolers.
a year ago
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SofaKingSick
Posts: 9721 - Karma: 65,602
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
a year ago
5 0
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arnie_grape
Posts: 3459 - Karma: 11,912
SofaKingSickand he funds it entirely out of pocket, using all the money he makes from controlling the weather

his real name is Levan Heathberg
a year ago
5 0
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BallClapper
Posts: 3704 - Karma: 16,803
Didn't even read the thing cuz op is probably saying some dumb shit.
a year ago
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justchillin
Posts: 72 - Karma: 17
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]/
a year ago
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Forrest.Gump
Posts: 579 - Karma: -1,179
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"
a year ago
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littleman34
Posts: 1404 - Karma: 4,252
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?
a year ago
1 0
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eheath
Posts: 61942 - Karma: 126,561
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.
a year ago
6 0
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freestyler540
Posts: 13227 - Karma: 20,356
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
a year ago
3 0
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eheath
Posts: 61942 - Karma: 126,561
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 😉
a year ago
7 0
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X_MEMESWERVE_XX
Posts: 3945 - Karma: 33,344
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
a year ago
4 0
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C.R.E.A.M
Posts: 3002 - Karma: 4,702
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
a year ago
1 0
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Forrest.Gump
Posts: 579 - Karma: -1,179
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.
a year ago
1 0
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littleman34
Posts: 1404 - Karma: 4,252
Time to start the gofundme. Make NS for the people by the people!
a year ago
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Forrest.Gump
Posts: 579 - Karma: -1,179
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.
a year ago
0 0
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arnie_grape
Posts: 3459 - Karma: 11,912
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
a year ago
0 0
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TRVP_ANGEL
Posts: 12698 - Karma: 119,901
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.
a year ago
0 0
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CatdickBojangles
Posts: 6478 - Karma: 66,356
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
a year ago
0 0
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Forrest.Gump
Posts: 579 - Karma: -1,179
newschoolers owes me a vacation from that travel fund....
a year ago
0 0
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BallClapper
Posts: 3704 - Karma: 16,803
CowboySkibopWhen do we start bidding on ownership of Newschoolers


$69,000
a year ago
2 0
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r00kie
Posts: 5238 - Karma: 59,591
C.R.E.A.MThis place is already non-profit


There’s a key difference in non-profit and not making a profit.
a year ago
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C.R.E.A.M
Posts: 3002 - Karma: 4,702
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.
a year ago
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Forrest.Gump
Posts: 579 - Karma: -1,179
Arena Group... A publicly traded stock company runs NS for profit, and pays the "staff"
a year ago
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