NEW YORK, N.Y. (NEWSnet) – Manoj Bhargava, the founder of 5-hour ENERGY, announced after market trading Monday that he is expanding his media interests by creating a significant media holdings portfolio with stakes in print and online media, television and radio broadcast, production and distribution, and digital advertising delivery:

  1. Majority ownership of The Arena Group, Inc. (Sports Illustrated, Parade magazine, Men’s Journal, The Street, HubPages, Surfer, and more).
  2. Two national TV networks distributed over-the-air, streaming, and cable: (SportsNews Highlights and NEWSnet… news as it used to be).
  3. 50 over-the-air television station ownership, plus over 50 independent affiliates and dozens of streaming and cable outlets.
  4. Acquisition of the parent of ShopHQ TV.
  5. Major stakes in radio broadcasters: Audacy, Inc (was CBS radio), and Cumulus Media.
  6. Acquisition of iMedia Digital Services, or iMDS.

“Media companies have become so enamored of delivery technology that they have forgotten the basics – advertisers (their customers), their most valuable audience and even content gets a back seat. Sounds like a great opportunity to me," Manoj Bhargava said in the announcement.

To learn more about this announcement, watch the video above.

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