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Top related persons:
Manoj Bhargava - 4 Bhargava - 4 Steve Janisse - 4 — - 3 Ross Levinsohn - 3 Levinsohn - 3 ABG - 2 Janisse - 2
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5 mentions found


☆ Sports Illustrated ex-publisher wants $200 million from Authentic Brands Group, saying it stole website and employees
  + stars: | 2024-06-07 | by ( Jack Newsham | Laura Italiano | ) www.businessinsider.com   time to read: +4 min
In late 2023, the Arena Group lost the rights to publish SI, its best-known brand, after the 5-Hour Energy creator Manoj Bhargava took over Arena and missed a licensing payment to Authentic Brands Group. ABG awarded the publishing license to Minute Media and sued Bhargava for $49 million, accusing him of acting like a "gangster" in their negotiations. Bhargava's lawsuit adds to the morass of legal actions that have formed around the Arena Group. In early April, ABG sued Arena and Bhargava over the missed licensing payment and a $45 million termination fee. Ross Levinsohn, the Arena CEO who was fired in 2023 when Bhargava took over, has also sued Arena, claiming he was retaliated against.
Persons: —, Manoj Bhargava, ABG, Bhargava, Privately, Steve Janisse, Janisse, we're, Ross Levinsohn, Levinsohn, Media didn't Organizations: Service, Sports, Arena Group, Energy, Arena, Authentic Brands, Media, Business, Group, Capital Partners, BlackRock, Capital, ABG, CVC didn't, Forbes, Arena's, Front Office Locations: ABG
☆ The ex-CEO of former Sports Illustrated publisher Arena Group is suing his old firm for $20 million, claiming he was fired for trying to stop it from breaking the law
  + stars: | 2024-03-25 | by ( Jack Newsham | ) www.businessinsider.com   time to read: +3 min
Ross Levinsohn ran the Arena Group, which published Sports Illustrated, and was fired by its new owner. Related storiesThe Arena Group, which until recently published SI and still owns brands like Men's Journal and Parade, was on the path to profitability, Levinsohn claimed. (Arena Group faced harsh criticism over its use of AI-generated content under Levinsohn's leadership.) AdvertisementA spokesman for Bhargava and the Arena Group, Steve Janisse, said he couldn't immediately comment. BI's previous coverage of Bhargava and Arena Group was based on interviews and documents.
Persons: Ross Levinsohn, Manoj Bhargava's, Levinsohn, hasn't, —, Manoj Bhargava, Bhargava, Cavitt Randall, Steve Janisse, couldn't, Randall, Chris Fowler Organizations: Group, Service, Arena Group, Sports, Energy, SI, Sports Illustrated, Men's
☆ How the billionaire creator of 5-Hour Energy's erratic takeover led to a fumble of Sports Illustrated
  + stars: | 2024-03-17 | by ( Jack Newsham | Jake Swearingen | ) www.businessinsider.com   time to read: +12 min
A week earlier, he had become a large minority shareholder at The Arena Group, but had no official title. The company Bhargava claimed to be taking over was so poorly run that he questioned the intelligence of those in the meeting. He also said Bhargava was talking about his charitable endeavors in order to underscore his priorities to Arena Group employees. Media, Bhargava said in the meeting, was "biased." Days later, Bhargava sacked Arena Group CEO Ross Levinsohn, too, causing Levinsohn to angrily resign from the board.
Persons: —, Manoj Bhargava, Bhargava, Zoom, I'm, Steve Janisse, Vince Bodiford, Bodiford, Ross Levinsohn, Levinsohn, Rob Barrett, doesn't, ABG, Jamie Salter, Forbes, Janisse, Nielsen, Arena's, Riley, toh, Manoj, there's Organizations: Service, Arena Group, Energy, The, Business, Sports, Media, Arena, Authentic Brands, Washington Post, Princeton, IRS, United, United States Tax, Bridge Media, Sports Illustrated, Hans Foundation, International, Group, toh e New York Times, New York, Players ' Tribune, Office, BI Locations: NewsNet, India, United States, Michigan, toh e
☆ Sports Illustrated’s Employees Are Told Print Edition Will Close in May
  + stars: | 2024-03-14 | by ( Benjamin Mullin | More About Benjamin Mullin | ) www.nytimes.com   time to read: +1 min
Friction between Sports Illustrated’s owner and its operator has led to disarray at the venerable magazine in recent months. But that message runs counter to what Sports Illustrated’s owner, Authentic Brands Group, has said about looking for a way to ensure that the magazine endures in print. Last year, Mr. Bhargava, the founder of the 5-Hour Energy drink company, agreed to buy a major stake in the Arena Group. In January, Authentic Brands terminated its deal with Arena Group after Arena breached its licensing agreement by failing to make a $3.75 million payment. Since then, Authentic Brands has been weighing a deal with new licensees, leading to the current uncertainty.
Persons: Steve Janisse, Manoj Bhargava, Bhargava Organizations: Sports, Employees, Authentic Brands, Brands, Energy, Arena, Group
☆ 'I didn't retire until 99': 100-year-olds share their secrets to a long and happy life
  + stars: | 2023-04-05 | by ( Renée Onque | ) www.cnbc.com   time to read: +5 min
Dr. Gladys McGarey is the author of "The Well-Lived Life: A 102-Year-Old Doctor's Six Secrets to Health and Happiness at Every Age." It seems that almost everyone is searching for the secret to a long and happy life. In her book, "The Well-Lived Life: A 102-Year-Old Doctor's Six Secrets to Health and Happiness at Every Age," purpose is a key theme. Do some work to keep your mind engaged"I became a sacristan and didn't retire from that until I was 99," Margaret Stretton, told The Guardian. "I don't look back; I look forward."
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