by The Editors on August 21, 2013
Souce Interlink, the parent company of GrindMedia which owns Transworld Media, announced today (August 21, 2013) that they have decided to “recapitalize the company.” In other words, they sold another piece of themselves to one of their current owners (GoldenTree Asset Management) in exchange for “enhanced liquidity” more cash.
“The tremendously improved capital structure will provide both Source Interlink Media and Source Interlink Distribution with the ability to maximize transformational opportunities across their respective industries,” said Michael L. Sullivan, president and chief executive officer of Source Interlink Companies. “This transaction will put both businesses in better positions to strengthen strategic partnerships and make investments to enhance their position in their respective industries.”
Yes, this means GrindMedia will have more money to get things done, so that’s likely good for them and not so good for their competitors (yes, they still have at least three in our space). If the action media business intrigues you, please follow the jump. [click to continue…]
by The Editors on August 20, 2013
by The Editors on August 20, 2013
by The Editors on August 20, 2013
NanoTune, makers of the board tuning technology that reportedly increases board speed using a “super slick hydrophobic (water repellent) coating” that is cured into surfboards, is also offering their secret speed formula in an easy to use rub-on packet called NanoSpeed Wipe. And it goes on the bottom of your board.
Nanotune will get you that glide that you desire, just apply to the bottom of your board and feel the difference.
Cutting edge nanotechnology, Less drag, more speed and elevated performance, Super slick hydrophobic ( water repellant) coating, Longer and smoother glide across the water surface, Extra barrier of UV protection, Increased speed, Great to travel with.
You know we could all use a little more speed. Plus, Lost’s Matt Biolos is backing it. Click the link for more info.
[Link: NanoTune]
by The Editors on August 19, 2013
Ever since the GrindMedia consolidation of the action sports media business on May 20, 2013, there seems to have been nothing but changes for the employees of both companies (no duh!). The first casualty was Transworld Surf Magazine. Now, it’s GrindMedia’s turn to take a hit as the publisher has reportedly decided to stop what little print and digital operations Skateboarder Magazine had left and move forward with their leading skateboard media property TransWorld Skateboarding, according to a post on SkateDaily.net.
“Unfortunately market conditions have forced us to have to make the difficult decision to cease publication of Skateboarder,” said Norb Garrett, SVP Group Publisher of GrindMedia. “It’s especially disappointing given the strong interest and initial success we’ve had with the new digitally focused editions; our Skateboarder team has worked incredibly hard producing a cutting-edge product that has been successful at reaching a larger audience online. We will take all of the learnings from Skateboarder’s efforts and apply them to TransWorld Skateboarding and our other brands as the digital model has demonstrated real promise.”
Yes, they say you learn more in failure than in success. If that is true, then things should be looking up nicely for the crew at Transworld Skateboarding, indeed. This also means that there’s one more face off yet to be played between Snowboarder Magazine and Transworld Snowboarding. Wonder which way that one will go? Maybe they’ll both stay.
[Link: Transworld Business and SkateDaily]
by The Editors on August 19, 2013
When our favorite snowboarding site Yobeat decided they wanted to make their own movie they did it the way any post-millennial media power house would. They crowd sourced it.
So for the first Yobeat movie, we opened the flood gates to the shred world and accepted submissions from anyone and everyone. This is our version of the 2012/13 season, with footage from all over the globe. The full flick drops on the Interwebs August 26th, 2013 at 9 am PST.
Here is a little teaser. Want to see the whole thing? Tune into Yobeat next Monday morning for the full edit.
[Link: Yobeat]
by The Editors on August 19, 2013
On Saturday night, August 17, 2013 Girl Skateboards celebrated their 20th Anniversary (yeah, you’re old) in Los Angeles, California at the Known Gallery on Fairfax. Girl rounded up an amazing collection of their skateboards, photos, and people from two decades of real skateboarding in Southern California. If you didn’t go Crailtap.com has rounded up all the photos of all the legendary people you would have bumped elbows with had you gone. Click here for all the photos.
[Link: Crailtap via SkateDaily]
by The Editors on August 19, 2013
A slim swell forecast saw the 2013 Billabong Pro Tahiti blast on all the way to the finish yesterday (August 18, 2013) in barreling four to six-foot surf at Teahupo’o. And with the help of at least one interesting call from the tower Adrian Buchan was able to better Kelly Slater by 1.04 points to win his second ever WCT event.
“I can’t believe it,” Buchan said. “Kelly (Slater) is incredible and I thought he snatched it for me at the end. I couldn’t go right…but I probably should have. I still can’t believe it. It hasn’t sunk in. What an incredible day though. The sun came out during the last five minutes and it’s all just really special right now.”
With his second place finish, Kelly Slater moved back into lead of the ASP World Tour Rankings, you know, where he’s been for most of his seemingly endless career. Mick Fanning and Joel Parkinson are now in second and third. For the official word from the ASP, follow the jump. [click to continue…]
by The Editors on August 16, 2013
University of California at Santa Barbara History professors Peter Neushul and Peter Westwick have taken some course work from their college class on the history of surfing and turned it into an extremely readable book titled The World In The Curl: An unconventional History of Surfing, according to a story on GrindTV.com.
The World in the Curl: An Unconventional History of Surfing focuses on surfing’s progression from a Polynesian past-time to a billion-dollar global industry. Along the way, it shows how the sport was heavily shaped by the U.S. military, aerospace, and technological advances taking place during the same time period—and how without those influences, surfing as we know it would be dead in the water.
Nothing gives a better perspective on the the inside workings of surfing history than a view from the outside. Click here to buy the book for $18.08 in print or $13.99 on Kindle, click the link for the rest of the story.
[Link: GrindTV]
by The Editors on August 16, 2013
A 20-year-old German german tourist had her arm bitten off “below the shoulder” by a shark on Wednesday, August 14, 2013 while snorkeling about 50 yards offshore at Palauea Beach on the Hawaiian island of Maui, according to a story in The Garden Isle.
Bystanders on shore heard the woman scream, put her on a kayak and brought her to land, said Lee Mainaga, fire services chief at the Maui Fire Department. Her right arm was severed below the shoulder, he said. The limb wasn’t recovered. . . The woman was taken to Maui Memorial Medical Center in critical condition. A spokeswoman there said Thursday that the hospital had no further information to release.
On Thursday the beach was reopened after officials saw “no sign of sharks in the area.”
[Link: The Garden Isle]
Souce Interlink, the parent company of GrindMedia which owns Transworld Media, announced today (August 21, 2013) that they have decided to “recapitalize the company.” In other words, they sold another piece of themselves to one of their current owners (GoldenTree Asset Management) in exchange for “enhanced liquidity” more cash.
