The Hollywood Reporter-Billboard Media Group announced on Thursday that it has signed a deal to acquire SpinMedia’s music assets Spin, Vibe, and Stereogum.
The deal will give THR-Billboard Media’s group an online audience of 45 million readers per month, according to the publication. Terms of the acquisition were not disclosed.
SpinMedia CEO Stephen Blackwell will be named chief strategy officer and report to THR-Billboard Media Group co-president John Amato.
“In recent years, we set out to own the topic of music online, and the acquisition of these incredible music assets helps us do just that,” Amato said in a statement. “By making these storied brands part of our family, The Hollywood Reporter-Billboard Media Group will be able to fully capture the value of millennials and music, and continue to strengthen its leadership position in this critical arena.”
THR-Billboard Media Group co-president Janice Min added, “Bringing in these historic brands under Billboard gives us the chance to serve passionate music audiences from rock to urban to pop in one massive portfolio.”
She continued: “The power and scale of these combined, complementary digital assets gives us the ability to deliver even more ways to reach our audience through TV, video, live events, and social and online media.”
The new properties are expected to boost the Media Group’s annual revenues above $100 million, according to THR.
2020 Presidential Candidates, Ranked by Vegas Odds (Photos)
Donald Trump won't take office until Jan. 20, but gambling site Bovada is already thinking about the next election. Here are its top candidates to win the presidency in 2020, ranked from worst odds to best.
John Kasich 40/1 odds
Bovada ranks several Republicans, which means they would have to replace Trump as the Republican nominee. Ohio's governor famously skipped the GOP convention there because he didn’t support Donald Trump. Maybe Bovada thinks he could take on Trump in the 2020 Republican primary?
Note that several people are tied at 33-to-1 odds. Rubio, a Florida senator, famously feuded with Trump during the 2016 primaries, earning the nickname “little Marco.” Bovada has longshot odds on him replacing Trump.
The first Democrat on our list, she was just elected as a California senator after previously serving as the state’s attorney general. She'll only have four years of experience in 2020, but President Obama only had four years.
The Democratic senator-elect from Nevada will be the first Latina senator. Like Harris, she will only have had four years of Senate experience in 2020.
The outgoing vice president considered running against Hillary Clinton in 2016 but decided not to after the 2015 death of his son Beau. Biden is popular, particularly with working-class voters whom Trump lured from the Democrats. He'll be 77 in 2o20, which would make him the oldest person to win the presidency, if he won.
After coming losing the Democratic nomination in 2008 to Obama and coming so close in 2016, does the former secretary of state have it in her to try again? She'll turn 73 in 2020, but Trump is eight months older.
The New Jersey senator is a talented campaigner and speaker and one of the most prominent African-American Democrats. The New Jersey senator is also popular among his peers.
The Massachusetts senator could pick up supporters of the Sanders movement. She has feuded with Trump, but also expressed a willingness to work with him on certain issues.
The House Speaker is a star among traditional conservatives, but it will take a TV drama worth of surprises for him to somehow replace Trump as the presidential nominee, but that's true of every other Republican on this list, too.
Gambling site Bovada is already thinking about the next election
Donald Trump won't take office until Jan. 20, but gambling site Bovada is already thinking about the next election. Here are its top candidates to win the presidency in 2020, ranked from worst odds to best.