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Warner Bros. Discovery Sells MotorTrend Group to Hearst
Warner Bros. Discovery has sold the MotorTrend Group of automotive brands to Hearst Magazines.
The group’s brands reach more than 30 million users per month and its events business draws approximately 500,000 car enthusiasts annually to experiences such as Hot Rod Drag Week, Roadkill Nights and the Japanese Automotive Invitational at Pebble Beach. “The acquisition of MotorTrend represents a strategic investment in our business — one that enables us to expand our digital offerings, reach an even broader and more diverse community of automobile enthusiasts and bring the most innovative opportunities to the market,” Debi Chirichella, president of Hearst Magazines, said in a statement. Joining Hearst, a business I’ve long admired, will ensure that our beloved collection of brands continue to serve and entertain automotive fans for years to come.”
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