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ETC. News: Pro Wrestling Illustrated sold to Oscar de lay Hoya's Golden Boy Enterprises Sep 12, 2007 - 4:11:31 PM
The Pro Wrestling Illustrated newsstand and subscription-based magazine has been acquired as part of a purchase of several Kappa Publishing Group Inc. titles by Golden Boy Enterprises.
Golden Boy Enterprises is owned by Oscar de la Hoya, former world champion boxer.
Other titles acquired in the purchase include The Ring Magazine, KO, and World Boxing.
The magazines will be held in an editorial trust free of influence by the ownership group, says de la Hoya in a press release.
"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. 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."
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