Motor Trend Group calls itself "the largest automotive media company in the world." The company was founded in 2018 after Discovery, Inc. bought a majority interest in TEN: The Enthusiast Network (formerly Source Interlink Companies). The car and truck enthusiast media of TEN, including Motor Trend magazine, are the core of the business along with MotorTrend TV (formerly called Velocity).
The group says it is a "motor-inspired entertainment company with relatable stories and wide-reaching appeal."
TEN: The Enthusiast Network was known as Source Interlink Companies, Inc. before the name was changed on May 29, 2014. At the same time, the company announced that it was shutting down its magazine and book distribution business called Source Interlink Distribution. In June 2014, the distribution company filed for bankruptcy protection.
With the name change to TEN, the company stopped publishing many specialized automotive magazines including Popular Hot Rodding, Rod & Custom, High Performance Pontiac, Custom Classic Trucks, 4 Wheel Drive & SUV, Mud Life, 5.0 Mustang & Super Fords, Modified Mustangs & Fords, Camaro Performers, GM High-Tech Performance, Import Tuner, and Honda Tuning.
In 2007, Source Interlink Companies became a major player in consumer magazine publishing with the purchase of Primedia Enthusiast Media from Primedia, Inc.. Valued at $1.3 billion, the acquisition was completed on August 1, 2007.
In the Primedia deal, Source Interlink acquired 76 consumer magazines, 90 related web sites, over 65 events, 2 television programs, 1 radio program and about 400 branded products. The company became one of the leading special interest magazine publishers in the United States, with well-known brands such as Motor Trend Magazine, Automobile Magazine, In-Fisherman, Power & Motoryacht, Hot Rod, Snowboarder, Stereophile and Surfer.
On February 1, 2019, TEN sold its Adventure Sports Network (ASN) publications to American Media (now A360 Media), including Bike, Powder, Snowboarder and Surfer magazines. As of late 2020, all of these titles have been shut down.
Source Interlink filed for Chapter 11 bankruptcy protection on April 28, 2009. The filing resulted in Ron Burkle's Yucaipa Companies being removed as a shareholder, allowing the company to get out from under nearly $1 billion of its $1.5 billion debt load in a debt-for-equity swap. When the company emerged from bankruptcy in June 2009, Citigroup became the biggest shareholder of Source Interlink, with about 80 percent of the equity in a new privately held company. Most of the debt that led to the bankruptcy filing was tied to Source's $1.3 billion acquistion of Primedia Enthusiast Media in 2007.
Source Interlink Distribution was a leading marketing, merchandising, and fulfillment company of entertainment products, including DVDs, music CDs, magazines and books. The company handled the distribution of entertainment products to major retail chains throughout North America and managed the import and export of periodicals sold in more than 100 markets worldwide. Source Interlink Distribution was also involved in the coordination of product selection and placement of impulse items sold at checkout counters, the processing and collection of rebate claims as well as management of sales data obtained at the point-of-purchase. The company served approximately 110,000 retail store locations throughout North America.
Comments to date: 13. The most recent comments are below.
See all Motor Trend Group news and comments or all American media companies.
To submit a Motor Trend Group review, login now if you are a Mondo Times member. If you are not a member, register for a free Mondo Times basic membership.