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The Arena Group appointed Sara Silverstein as Chief Executive Officer, promoting her from the General Manager of Finance Arena. Silverstein's leadership led to significant growth in audience and ad revenue for TheStreet. She brings a wealth of experience and a strategic vision to guide the company through transformative times. The Arena Group aims for exceptional growth in the media landscape with a diverse portfolio of trusted brands and a focus on audience needs.
The Arena Group ha nominato Sara Silverstein come Amministratore Delegato, promuovendola dal ruolo di Direttore Generale dell'Area Finanziaria. La leadership di Silverstein ha portato a una crescita significativa del pubblico e delle entrate pubblicitarie per TheStreet. Porta con sé una ricchezza di esperienze e una visione strategica per guidare l'azienda attraverso tempi trasformativi. The Arena Group mira a una crescita eccezionale nel panorama mediatico con un portafoglio diversificato di marchi di fiducia e un focus sulle esigenze del pubblico.
The Arena Group ha nombrado a Sara Silverstein como Directora Ejecutiva, ascendiendo desde su posición de Gerente General del Área de Finanzas. El liderazgo de Silverstein ha llevado a un crecimiento significativo en la audiencia y los ingresos publicitarios para TheStreet. Ella aporta una gran experiencia y una visión estratégica para guiar a la compañía en tiempos transformadores. The Arena Group aspira a un crecimiento excepcional en el panorama mediático con un portafolio diverso de marcas de confianza y un enfoque en las necesidades de la audiencia.
아레나 그룹은 사라 실버스타인을 최고 경영자로 임명했으며, 이는 그녀가 금융 아레나의 일반 관리자에서 승진한 것입니다. 실버스타인의 리더십은 TheStreet의 청중 및 광고 수익의 상당한 성장으로 이어졌습니다. 그녀는 풍부한 경험과 전략적 비전을 가지고 회사를 변화의 시대로 안내할 것입니다. 아레나 그룹은 다양한 신뢰할 수 있는 브랜드 포트폴리오와 청중의 요구에 초점을 맞추며 미디어 환경에서 탁월한 성장을 목표로 합니다.
The Arena Group a nommé Sara Silverstein en tant que Directrice Générale, la promouvant de son poste de Directrice Générale du secteur Financier. Le leadership de Silverstein a conduit à une croissance significative de l'audience et des revenus publicitaires de TheStreet. Elle apporte une expérience riche et une vision stratégique pour guider l'entreprise à travers des temps de transformation. The Arena Group vise une croissance exceptionnelle dans le paysage médiatique avec un portefeuille diversifié de marques de confiance et un focus sur les besoins de l'audience.
The Arena Group hat Sara Silverstein zur Geschäftsführerin ernannt, nachdem sie zuvor als General Managerin im Finanzbereich tätig war. Silversteins Führungskompetenz führte zu einem signifikanten Wachstum von Publikum und Werbeeinnahmen bei TheStreet. Sie bringt eine Fülle von Erfahrungen und eine strategische Vision mit, um das Unternehmen durch transformative Zeiten zu führen. The Arena Group strebt nach außergewöhnlichem Wachstum in der Medienlandschaft mit einem vielfältigen Portfolio an vertrauenswürdigen Marken und einem Fokus auf die Bedürfnisse des Publikums.
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Proven Leader, Promoted from General Manager of Finance Arena
NEW YORK--(BUSINESS WIRE)--
On April 19, 2024, the Board of Directors of The Arena Group Holdings, Inc. (NYSE American: AREN) appointed Sara Silverstein as the Company’s Chief Executive Officer, effective immediately. Cavitt Randall will remain Chairman of the Board and continue to be an active voice and asset to the leadership team.
Sara Silverstein, New Arena Group Chief Executive Officer (Photo: Business Wire)
Silverstein joined Arena Group to manage TheStreet in 2021. Under her leadership as General Manager of the Finance Arena, TheStreet became one of the fastest-growing business news sites in the U.S., experiencing a 500% growth in audience and a 300% increase in ad revenue.
“Sara has led one of the fastest-growing, most innovative and profitable sectors within the Company,” said Cavitt Randall, former CEO. “We believe that her wealth of experience, strategic vision and deep understanding of our industry – coupled with her leadership style, passion for innovation and collaboration – will help guide our company through this transformative time.”
Silverstein has a degree in mathematics from the University of Colorado and started her career at a hedge fund. She has been working in the media industry for the past 14 years since receiving her MBA from the University of Chicago Booth School of Business. Silverstein held positions at Bloomberg Media and Business Insider. Sara will be leading the Company from their new Park Avenue office in New York.
“The Arena Group is poised for exceptional growth in this evolving media landscape,” said Silverstein. “Our diverse portfolio of trusted brands, each with a dedicated audience, presents a unique opportunity. By prioritizing audience needs and staying adaptable, we believe that we will build a sustainable presence, ensuring The Arena Group’s continued success.”
The Company currently owns a portfolio of more than 265 brands, reaching 100 million users monthly. Visit TheArenaGroup.net to learn more.
About The Arena Group
The Arena Group (NYSE American: 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 over 265 brands, reaching over 100 million users monthly. Visit us at thearenagroup.net and discover how we are revolutionizing the world of digital media.
Forward Looking Statements
This press release includes statements that constitute forward-looking statements. Forward-looking statements may be identified by the use of words such as “forecast,” “guidance,” “plan,” “estimate,” “will,” “would,” “project,” “maintain,” “intend,” “expect,” “anticipate,” “prospect,” “strategy,” “future,” “likely,” “may,” “should,” “believe,” “continue,” “opportunity,” “potential,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, and include, for example, statements related to the proposed strategic transaction with Simplify Inventions, including the Company’s ability to complete the transaction and the potential benefits thereof, the Company’s anticipated restructuring of its indebtedness, the Company’s anticipated future expenses and investments, business strategy and plans, expectations relating to its industry, market conditions and market trends and growth, market position and potential market opportunities, and objectives for future operations. These forward-looking statements are based on information available at the time the statements are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the ability of the Company to expand its verticals; the Company’s ability to grow its subscribers; the Company’s ability to grow its advertising revenue; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the effects of steps that the Company could take to reduce operating costs; the remaining effects of the COVID-19 pandemic and impact on the demand for the Company products; the inability of the Company to sustain profitable sales growth; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by the Company in its public filings with the SEC, including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Important factors that could cause actual results relating to the pending transaction with Bridge Media Networks to differ materially from such plans, estimates or expectations include, among others: (1) that one or more closing conditions to the transactions, including certain regulatory approvals, may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the proposed transactions, may require conditions, limitations or restrictions in connection with such approvals or that the required approval by the stockholders of The Arena Group may not be obtained; (2) the risk that the proposed transactions may not be completed in the time frame expected by the parties, or at all; (3) unexpected costs, charges or expenses resulting from the proposed transactions; (4) uncertainty of the expected financial performance of the combined company following completion of the proposed transactions; (5) failure to realize the anticipated benefits of the proposed transactions, including as a result of delay in completing the proposed transactions or integrating Bridge Media Networks and The Arena Group; (6) the ability of the combined company to implement its business strategy; (7) difficulties and delays in achieving revenue and cost synergies of the combined company; (8) any inability to retain and hire key personnel; (9) the occurrence of any event that could give rise to termination of the proposed transactions; (10) potential litigation in connection with the proposed transactions or other settlements or investigations that may affect the timing or occurrence of the proposed transactions or result in significant costs of defense, indemnification and liability; (11) evolving legal, regulatory and tax regimes; (12) changes in economic, financial, political and regulatory conditions, in the United States and elsewhere, and other factors that contribute to uncertainty and volatility, including natural and man-made disasters, civil unrest, pandemics, geopolitical uncertainty and conditions that may result from legislative, regulatory, trade and policy changes associated with the current or subsequent U.S. administration; (13) the ability of Bridge Media Networks, The Arena Group and the combined company to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, pandemic, security breach, cyber-attack, power loss, telecommunications failure or other natural or man-made event; (14) the impact of public health crises, such as pandemics and epidemics and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets; (15) actions by third parties, including government agencies; (16) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transactions; (17) the risk that disruptions from the proposed transactions will harm Bridge Media Networks and The Arena Group, including current plans and operations; (18) certain restrictions during the pendency of the acquisition that may impact Bridge Media Networks’ or The Arena Group’s ability to pursue certain business opportunities or strategic transactions; (19) Bridge Media Networks’, The Arena Group’s and the combined company’s ability to meet expectations regarding the accounting and tax treatments of the proposed transactions; (20) delays in Bridge Media Networks attracting advertisers or executing its business growth strategy; (21) continued fragmentation of audiences and a reduction in the number of television subscribers; (22) decreases in advertising spending or advertising demand or the demand for Bridge Media Networks programming; (23) increased competition for programing, audiences and advertisers; (24) loss of Bridge Media Networks’ key affiliate customer, Agency 5; (25) changes in government regulations, licensing requirements, or FCC’s rules and regulations and the applicability of such rules and regulations to Bridge Media Networks; (26) failure to identify strategic acquisitions candidates or achieve the desired results of strategic acquisitions; (27) loss of material intellectual property rights of Bridge Media’s programming, technology, digital and other content; (28) labor disputes, increasing demand for creative talent and union activity; (29) loss of key employees or the inability to attract and retain skilled employees; (30) inability to or limitations on raising additional capital in the future. The foregoing list of factors is not exhaustive and (31) and those factors detailed by the Company in its public filings with the SEC, including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
Who was appointed as the Chief Executive Officer of The Arena Group?
Sara Silverstein was appointed as the Chief Executive Officer of The Arena Group.
What position did Sara Silverstein hold before becoming CEO?
Sara Silverstein was the General Manager of Finance Arena before becoming CEO.
What led to Sara Silverstein's appointment as CEO?
Sara Silverstein's leadership at TheStreet resulted in significant audience growth and ad revenue increase, leading to her appointment as CEO of The Arena Group.
Where will Sara Silverstein be leading The Arena Group from?
Sara Silverstein will be leading The Arena Group from their new Park Avenue office in New York.
How many brands does The Arena Group currently own?
The Arena Group currently owns a portfolio of more than 265 brands.
