On April 19, the board of directors of The Arena Group Holdings, Inc. (NYSE American: AREN) appointed Sara Silverstein as the company’s chief executive officer, effective immediately. Cavitt Randall will remain chairman of the board and continue to be an active voice and asset to the leadership team.
Silverstein joined Arena Group to manage TheStreet in 2021. Under her leadership as general manager of the Finance Arena, TheStreet became one of the fastest-growing business news sites in the U.S., experiencing a 500% growth in audience and a 300% increase in ad revenue.
“Sara has led one of the fastest-growing, most innovative and profitable sectors within the company,” said Cavitt Randall, former CEO. “We believe that her wealth of experience, strategic vision and deep understanding of our industry — coupled with her leadership style, passion for innovation and collaboration — will help guide our company through this transformative time.”
Silverstein has a degree in mathematics from the University of Colorado and started her career at a hedge fund. She has been working in the media industry for the past 14 years since receiving her MBA from the University of Chicago Booth School of Business. Silverstein held positions at Bloomberg Media and Business Insider. She will be leading the company from its new Park Avenue office in New York.
“The Arena Group is poised for exceptional growth in this evolving media landscape,” said Silverstein. “Our diverse portfolio of trusted brands, each with a dedicated audience, presents a unique opportunity. By prioritizing audience needs and staying adaptable, we believe that we will build a sustainable presence, ensuring The Arena Group’s continued success.”
The company currently owns a portfolio of more than 265 brands, reaching 100 million users monthly. Visit TheArenaGroup.net to learn more.
About The Arena Group:
The Arena Group (NYSE American: AREN) is an innovative technology platform and media company with a proven cutting-edge playbook that transforms media brands. Our unified technology platform empowers creators and publishers with tools to publish and monetize their content, while also leveraging quality journalism of anchor brands like TheStreet, Parade, Men’s Journal and Athlon Sports to build their businesses. The company aggregates content across a diverse portfolio of over 265 brands, reaching over 100 million users monthly. Visit us at thearenagroup.net and discover how we are revolutionizing the world of digital media.
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