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May 13, 2019 · NEW YORK, May 13, 2019 – Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) announced today it has acquired Golf Digest from Condé Nast. Golf Digest is the world’s No. 1 golf media brand and will extend...
How much is Golf Digest worth?
Who is the CEO of Golf Digest?
Is Golf Digest part of Conde Nast?
Is Golf Digest still published?
Who is Jerry Tarde?
How often does Golf Digest come out?
Who owns GolfTV?
Is Golf Digest in print?
How many subscribers does Golf Digest have?
What is the difference between Golf Digest and Golf Magazine?
What country invented golf?
What nationality is zalatoris?
What is the golf digest?
Golf Digest is the world’s No. 1 golf media brand and will extend Discovery’s global golf media business to the U.S. market through Golf Digest’s multiplatform distribution and reach.
Who founded Golf Digest magazine?
Instagram. The move to Discovery, Inc. comes as Golf Digest prepares to celebrate its 70th anniversary next year. The magazine was founded by William H. Davis in 1950 in Evanston, Ill. He was later joined by his fellow Northwestern University classmates Howard R. Gill Jr. and Jack Barnett.
What did Tiger Woods say about Discovery?
Tiger Woods said: “This is an important step in enhancing and expanding the U.S. and global reach of Discovery and GOLFTV. It gives me another platform to tell my story directly to fans and makes my partnership with Discovery even stronger. This acquisition, along with what Discovery and GOLFTV have already done with the PGA TOUR, is great for the game of golf.”
Who is the chairman of Golf Digest?
Golf Digest Chairman and Editor-in-Chief Jerry Tarde to Join Discovery Golf
Is Golf Digest on Discovery?
In joining forces with Discovery’s GOLFTV, the company’ s new live and on-demand video streaming service, Golf Digest now stands to reach more golfers in more ways, and in greater depth, than ever before. “Golf Digest is a world-class brand that has become the go-to authority for millions of golf enthusiasts, professional players ...
Who owns Discovery Golf?
Under Discovery’s ownership, Jerry Tarde continues to oversee Golf Digest as Editor-in-Chief and also adds the title of Global Head of Strategy and Content, Discovery Golf. “Discovery’s vision to create one global destination for everything a golf fan could want is perfectly aligned with what Golf Digest does every day,” said Tarde, ...
Who is Jerry Tarde?
Jerry Tarde, Editor-in-Chief, Golf Digest, and Global Head of Strategy and Content, Discovery Golf, said: “Golf Digest has this amazing team of editors, reporters, producers, photographers and contributors – all dedicated to helping golfers improve and be smarter consumers of the game we love.
What is Golf Digest?
Golf Digest is the world’s No. 1 golf media brand and will extend Discovery’s global golf media business to the U.S. market through Golf Digest’s multiplatform distribution and reach. The acquisition creates a powerful programming engine by adding Golf Digest to GOLFTV’s offerings that already include exclusive carriage of the PGA TOUR, ...
Who is the editor of Golf Digest?
Golf Digest’s editorial team will join Discovery Golf under the continued leadership of Jerry Tarde, as Editor-in-Chief, Golf Digest, and Global Head of Strategy and Content, Discovery Golf. In addition to overseeing the world-class editorial content of Golf Digest, Tarde will expand his purview to include GOLFTV and report to Alex Kaplan, ...
What streaming service is Golf Digest on?
Golf Digest’s multi-platform content to be distributed globally on GOLFTV powered by PGA TOUR streaming service
What did Tiger Woods say about Discovery?
Tiger Woods said: “This is an important step in enhancing and expanding the U.S. and global reach of Discovery and GOLFTV. It gives me another platform to tell my story directly to fans and makes my partnership with Discovery even stronger. This acquisition, along with what Discovery and GOLFTV have already done with the PGA TOUR, is great for the game of golf.”
Where is GolfTV available?
GOLFTV is available in all international markets (excluding the U.S., China and South Korea).
Who is Jerry Tarde?
Jerry Tarde, Editor-in-Chief, Golf Digest, and Global Head of Strategy and Content, Discovery Golf, said: “Golf Digest has this amazing team of editors, reporters, producers, photographers and contributors – all dedicated to helping golfers improve and be smarter consumers of the game we love. Discovery’s vision to create one global destination ...
Is Golf Digest part of the PGA Tour?
The organizations will deepen their partnership and join forces to create the largest digital network in golf with a one-stop activation platform, now including Golf Digest, for advertisers to engage with fans and players. This includes a full suite of editorial coverage, live and on-demand video streaming, digital, social, print and branded content opportunities. The current Golf Digest sales teams will continue to be responsible for ad sales during a transition period until the Discovery / PGA TOUR sales integration is complete.
The deal
Neither Discovery nor Conde Nast revealed the terms of the deal, but an unidentified source revealed to the New York Times that the final figure was for about $35 million. That's chump change to Discovery, which is a $20 billion market cap company.
Did Discovery get a bargain?
It's hard to say whether Discovery got a bargain, as Conde Nast doesn't break down the economics of each individual magazine; however, Golf Digest was one of three publications that Conde Nast put up for sale last summer, along with Brides and W magazines, as part of a strategic review.
Discovery hits it down the middle
The GOLFTV app was launched in early 2019, but CEO David Zaslav said that it was already off to a great start, with high engagement, especially with the Tiger Woods content. While management didn't give specific subscriber figures yet, it did note on its recent conference call that the OTT sports ad revenue helped offset declines in U.S.
The course ahead
Discovery looks like it has a winner on its hands, though it's still very early days for the GOLFTV app. While management is not giving a whole lot of concrete metrics just yet, remember that Discovery has a lot of experience leveraging international sports already with Eurosport, which the company acquired in 2015.
When did Cobra buy Titleist?
Cobra to Titleist When American Brands, then Acushnet’s parent company, bought Cobra in 1996 for $700 million it was thought to be a win-win for both companies. Cobra was a leader in the oversize iron market and in graphite-shafted irons for players with slower swing speeds. Titleist was a leader in golf balls and gloves ...
Who bought Spalding and Evenflo?
Spalding/Evenflo to KKR In 1996 noted private investment firm Kohlberg Kravis Roberts acquired a majority interest in Spalding and Evenflo, renaming the company Spalding Holdings Corp. Wall Street estimates pegged the amount between $900 million and $1 billion. Although Spalding was a massive sporting-goods company with strength in golf, ...
When did Callaway buy Odyssey putter?
Odyssey to Callaway In July 1997, Callaway Golf purchased putter maker Odyssey for $130 million, or nearly four times the company’s annual sales of $35 million at the time. “ [We] decided that by the end of 1997 we wanted to provide the golfing public with the best-performing putter in the market and we believe with this acquisition we have ...
Is Spalding a sporting goods company?
Although Spalding was a massive sporting-goods company with strength in golf, including the Top-Flite and Etonic brands, the company floundered to service its monumental debt load as an increasingly competitive marketplace in golf along with some business missteps put the company in a precarious position.
Is Adams a strong brand?
It’s a strong international brand, with some 70 percent of its revenues coming from the international market and that helps us because Adams’ primary strength is domestic. There are a lot of positives.”.
Is Cobra a golf brand?
Since then Cobra has grown as a lifestyle brand in golf and on tour, with players such as Rickie Fowler, Lexi Thompson and, recently, Bryson DeChambeau. Yes! to Adams. In January 2011, Adams CEO Chip Brewer landed putter maker Yes!
