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Latest
News on Golden Boy Enterprises’ Subsidiary, Sports and Entertainment
Publications, LLC
LOS ANGELES (September 12, 2007) Sports and Entertainment Publications,
LLC, is extremely pleased to announce the acquisition of the following
titles from Kappa Publishing Group, Inc.: The Ring magazine, KO, World
Boxing and Pro Wrestling Illustrated, which are the leading periodicals
in the boxing and wrestling industry. Sports and Entertainment
Publications, LLC, is an autonomous member of Golden Boy Enterprises
family of companies.
The Ring was founded in 1922 and is known in the industry as “The Bible
of Boxing.” It pioneered the concept of boxing rankings and has been
awarding the prestigious Ring championship belt to genuine world
champions since then-heavyweight champion Jack Dempsey was the first
recipient. Pro Wrestling Illustrated was launched in 1979 by Stanley
Weston and is acknowledged as the number one independently published pro
wrestling magazine in the world.
“We have a very skilled and capable team at The Ring, headed by
Publisher Stu Saks and Editor-in-Chief Nigel Collins, and I have all the
confidence that these magazines will not only continue to prosper, but
in fact grow globally,” said Oscar de la Hoya, president of Golden Boy
Enterprises. “These magazines will be held in an editorial trust where
they will be operating totally independent of any influence from me or
others from the Golden Boy Companies as it relates to editorial
direction or content.”
“This is the kind of asset you never really own, but rather safeguard
for the next generation,” said Golden Boy Chief Executive Officer
Richard Schaefer. “We are proud and honored to be part of this next
generation and are mindful of the responsibility trusted upon us.”
“The Ring and Pro Wrestling Illustrated brands are, in our opinion, two
of the strongest and most recognized brands in their respective fields,”
said Schaefer. “We are looking forward to being part of the next chapter
of these great titles and are very respectful of the deep history of
each.”
“Oscar and I would like to thank Nick Karabots and Despina McNulty of
Kappa Publishing for giving us this opportunity as well as all fight
fans for all they have done for these great magazines during their
ownership,” said Schaefer.
De La Hoya continued, “As a young kid growing up I was always waiting
with anticipation to get the new issue of The Ring. To be here now and
actually own the title is truly a dream come true. We encourage fight
fans, fighters, and promoters to rally together and continue in the
impressive resurgence our beloved sport of boxing has experienced this
year.”
About Golden Boy Enterprises
Golden Boy Enterprises is a diversified holding company of legendary
Olympic Gold Medal winner, ten-time world Champion and Grammy nominated
recording artist Oscar de la Hoya. Its principle assets include a
bi-coastal portfolio of real estate and various entertainment, sports,
media and financial services related participations with a main focus on
the growing U.S. Hispanic Market. Golden Boy Enterprises LLC is as well
the principal shareholder of Golden Boy Promotions, the leading boxing
promotion company with nearly 50 fighters under contract.
About Sports and Entertainment Publications, LLC
Sports and Entertainment Publications, LLC is a limited liability
company recently formed by Oscar de la Hoya for the sole purpose of
operating these publishing properties and exploring other publishing
opportunities.
About Kappa Publishing Group, Inc.
Founded in 1985 Kappa Publishing Group and Affiliates are presently
located in Fort Washington, Pa and remain the largest publisher of
Puzzle Magazines and Books in the U.S. with additional specialties in
the entertainment field. Source: Press Release |
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