The company's network of brands includes more than 60 publications, 100 websites, Motor Trend's Video on Demand channel, branded and licensed products, live events and competitions, as well as TV and radio programs. TEN's total audience is 158 million.[2]
In 2013, the company signed a deal with the Bonnier Corporation, where they sold Dirt Rider, Motorcyclist, Sport Rider, Motorcycle Cruiser, Hot Bike, Baggers, Super Streetbike, Street Chopper, and ATV Rider, and they bought Sound + Vision and the TransWorld franchise.
In 2015, NBC Sports shuttered its action sports division, and sold the Dew Tour to TEN.[3] On August 17 of that same year, TEN launched its subscription video on demand service Motor Trend OnDemand, which was the first SVOD service aimed at automotive enthusiasts.[4] TEN CEO Scott Dickey described this community as "underserved and starved for premium video content" while positioning the SVOD service as "The Netflix for Gearheads."[5]
On August 3, 2017, Discovery Communications announced it would acquire a majority stake in TEN, and contribute its automotive-oriented cable network Velocity into the company. The venture's goals is to create a larger, multi-platform presence for the company's brands, with a particular emphasis on direct-to-consumer streaming products. On April 10, 2018, it was announced that the company had been renamed Motor Trend Group effective immediately, and that Velocity would be rebranded under the Motor Trend name later in the year.[6][7][8][9]
In March 2018, TEN sold Sound & Vision and Stereophile, along with related magazines and websites, to AVTech Media Ltd.[12] In February 2019, TEN sold its adventure sports portfolio to American Media.[13]
In December 2019, the company announced that 19 of the 22 magazines published by the company would be discontinued that month, including Automobile.[14]
History
Source Interlink
Source Interlink logo
Source Interlink was an American magazine publishing and logistics company. It owned Source Interlink Distribution and Motor Trend Group. It maintained a strong position in automotive and action sports media, publishing a variety of magazines including Motor Trend, Hot Rod, and the Transworld titles.[15][16]
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.[17]
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.[18]
On August 19, 2013, GrindMedia announced that production of Skateboarder will cease on October 15, 2013.[19] 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.[20][21] Former Skateboarder editor-in-chief Jamie Owens was announced as the new editor-in-chief of TransWorld SKATEboarding in October 2013.[22]
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.[23] 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.[24][25]
^"MotorTrend Privacy Policy". Retrieved 2023-03-02. We are Motor Trend Group, LLC., registered in the United States of America with company number 6453648 whose registered office is at 8403 Colesville Rd, Silver Spring, MD 20910, United States of America ("MTG"). MTG is a subsidiary of Warner Bros. Discovery, Inc.
