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Golden Boy Enterprises buys Ring Magazine!

PRESS RELEASE: Sports and Entertainment Publications, LLC, is extremely pleased to announce the acquisition of the following titles from Kappa Publishing Group, Inc.: The Ring magazine, KO, World Boxing and Pro Wrestling Illustrated, which are the leading periodicals in the boxing and wrestling industry. Sports and Entertainment Publications, LLC, is an autonomous member of Golden Boy Enterprises family of companies.

The Ring was founded in 1922 and is known in the industry as “The Bible of Boxing.” It pioneered the concept of boxing rankings and has been awarding the prestigious Ring championship belt to genuine world champions since then-heavyweight champion Jack Dempsey was the first recipient. Pro Wrestling Illustrated was launched in 1979 by Stanley Weston and is acknowledged as the number one independently published pro wrestling magazine in the world.


“We have a very skilled and capable team at The Ring, headed by Publisher Stu Saks and Editor-in-Chief Nigel Collins, and I have all the confidence that these magazines will not only continue to prosper, but in fact grow globally,” said Oscar de la Hoya, president of Golden Boy Enterprises. “These magazines will be held in an editorial trust where they will be operating totally independent of any influence from me or others from the Golden Boy Companies as it relates to editorial direction or content.”


“This is the kind of asset you never really own, but rather safeguard for the next generation,” said Golden Boy Chief Executive Officer Richard Schaefer. “We are proud and honored to be part of this next generation and are mindful of the responsibility trusted upon us.”


“The Ring and Pro Wrestling Illustrated brands are, in our opinion, two of the strongest and most recognized brands in their respective fields,” said Schaefer. “We are looking forward to being part of the next chapter of these great titles and are very respectful of the deep history of each.”


“Oscar and I would like to thank Nick Karabots and Despina McNulty of Kappa Publishing for giving us this opportunity as well as all fight fans for all they have done for these great magazines during their ownership,” said Schaefer.

De La Hoya continued, “As a young kid growing up I was always waiting
with anticipation to get the new issue of The Ring. To be here now and
actually own the title is truly a dream come true. We encourage fight
fans, fighters, and promoters to rally together and continue in the
impressive resurgence our beloved sport of boxing has experienced this
year.”

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