{"id":5314,"date":"2020-09-14T14:00:15","date_gmt":"2020-09-14T14:00:15","guid":{"rendered":"https:\/\/octane.co\/o\/?p=5314"},"modified":"2024-03-25T15:49:02","modified_gmt":"2024-03-25T15:49:02","slug":"cycleworld-press","status":"publish","type":"post","link":"https:\/\/octane.co\/o\/cycleworld-press\/","title":{"rendered":"Octane Acquires the Motorcycle Group from Bonnier Corp."},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5314\" class=\"elementor elementor-5314\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7eb696ab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7eb696ab\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-40e8b7d3\" data-id=\"40e8b7d3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17c2238 elementor-widget elementor-widget-text-editor\" data-id=\"17c2238\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p class=\"subtitle\">Media Brands include <em>Cycle World, Motorcyclist, Dirt Rider, Motorcycle Cruiser, UTV Driver, ATV Rider<\/em>, and <em>Cycle Volta<\/em>.<\/p>\n<ul>\n<li class=\"subtitle\">Octane is investing in these titles so powersports enthusiasts continue to have strong, independent online editorial coverage to fuel their passions.<\/li>\n<li class=\"subtitle\">Inspiring and informing those who are interested in powersports products will drive industry growth.<\/li>\n<li>Combining these brands with Octane&#8217;s frictionless financing experience will help more consumers discover and connect with the vehicles of their dreams.<\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a12b992 elementor-widget elementor-widget-text-editor\" data-id=\"3a12b992\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<!-- wp:paragraph -->\n<p>NEW YORK, Sept. 14, 2020 \/PRNewswire\/ &#8212; <a class=\"c-link\" tabindex=\"-1\" href=\"http:\/\/www.octane.co\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"http:\/\/www.octane.co\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\" aria-describedby=\"sk-tooltip-60872\">Octane<\/a>\u2122 (Octane Lending Inc.\u00ae)<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2916038-1&amp;h=3789579803&amp;u=https%3A%2F%2Foctane.co%2F&amp;a=%2C\" target=\"_blank\" rel=\"noreferrer noopener\">,<\/a>\u00a0a Fintech company founded in 2014 to better serve the lending needs of the powersports market, today announced it has acquired the digital assets of\u00a0<em>Cycle World, Motorcyclist, Dirt Rider, Motorcycle Cruiser, UTV Driver, ATV Rider,\u00a0<\/em>and<em>\u00a0Cycle Volta\u00a0<\/em>from Bonnier Corp.\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>&#8220;We are acquiring these titles because we want to support brands that get people excited about powersports,&#8221; said\u00a0Jason Guss, CEO of Octane. &#8220;Our goal for this acquisition is to ensure that unbiased product reviews, rigorous and objective testing, and informed storytelling will continue to be available to powersports enthusiasts. When combined with Octane&#8217;s financing platform and dealership partners, consumers will soon be able to go directly from researching their dream vehicle to owning it, in a fast, seamless process.&#8221;<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>&#8220;Since acquiring\u00a0<em>Cycle World<\/em>\u00a0in 2011, Bonnier has invested in best-in-class motorcycle content across all media channels, and it is gratifying to see that Octane recognizes and values the consumer trust that these brands enjoy,&#8221; said\u00a0David Ritchie, CEO,\u00a0Bonnier Corp. &#8220;We are encouraged by their commitment to content and look forward to seeing these brands continue to grow.&#8221;<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>Bonnier Corp. will help produce\u00a0<em>Cycle World<\/em>&#8216;s final print issue in\u00a0October 2020; existing print subscribers will receive a digital edition beginning in 2021.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>Among the growing brands being acquired, 58-year-old\u00a0<em>Cycle World<\/em>\u00a0reaches more people now than ever. The brand engages more than 1 million consumers monthly, with more than 90 percent of those interactions occurring online. Octane will invest in digital content and website development to further solidify\u00a0<em>Cycle World&#8217;s\u00a0<\/em>dominance in this space. Octane looks forward to welcoming\u00a0Mark Hoyer, VP, Editorial Director of the brands, and his exceptional editorial team.<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>Octane&#8217;s mission is to connect people with their passions. The powersports market (motorcycles, ATVs, UTVs, PWCs, snowmobiles) is fast and fun, but too many consumers find the financing experience that powers the majority of purchases to be slow and frustrating. Octane believes that buying a powersports vehicle should be as satisfying as owning one. In order to deliver instant financing offers, Octane developed an automated technology platform that offers prequalification for customers.\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>About Octane:<br \/><a href=\"https:\/\/octane.co\/\"><em><u>Octane<\/u><\/em><\/a><em>\u00a0is a Fintech company whose mission is to connect people with their passions. With a focus on the powersports market, Octane reaches riders through editorial brands such as\u00a0<\/em><a href=\"https:\/\/www.cycleworld.com\/\">Cycle World<\/a> <em>and\u00a0<\/em><a href=\"https:\/\/www.utvdriver.com\/\">UTV Driver<\/a>,\u00a0<em>and helps\u00a0<\/em><em>consumers buy their favorite vehicles with instant, frictionless financing. On Octane.co, powersports shoppers can research vehicles, prequalify for a loan, and instantly check rates with no obligation and no impact to their credit. Octane connects customers with partnered dealerships, where they can complete their purchase with financing. Octane works with more than 3,500 dealers in the\u00a0USA, provides financing coverage for most major powersports makes, and offers promotional financing with low rates for more than 40 brands.<\/em><\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>About Bonnier Corp.:<br \/><em>Bonnier Corp. is an American enthusiast media publishing group, which includes more than 15 multichannel brands extending into all platforms, including magazines, digital media, events and product licensing. Bonnier Corp.&#8217;s iconic brands include\u00a0<\/em>Popular Science, Saveur, Field &amp; Stream, Yachting, Flying, Sailing World, Salt Water Sportsman, Working Mother\u00a0<em>and\u00a0<\/em>Outdoor\u00a0Life<em>. Other business subsidiaries include Bonnier Events, a full-service promotion and events<\/em>\u00a0\u00a0<em>group, and Working Mother Media&#8217;s diversity and inclusion consulting group. Bonnier Corp. is owned by\u00a0Sweden-based Bonnier AB, a globally operating media conglomerate.<\/em><\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p>Brands and Websites Acquired by Octane:<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\n<p><em>Cycle World<\/em>\u00a0\u2014\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2916038-1&amp;h=3551778025&amp;u=https%3A%2F%2Fwww.cycleworld.com%2F&amp;a=https%3A%2F%2Fwww.cycleworld.com%2F\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.cycleworld.com\/<\/a><br \/><em>Motorcyclist<\/em>\u00a0\u2014\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2916038-1&amp;h=3919018282&amp;u=https%3A%2F%2Fwww.motorcyclistonline.com%2F&amp;a=https%3A%2F%2Fwww.motorcyclistonline.com%2F\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.motorcyclistonline.com\/<\/a><br \/><em>Dirt Rider<\/em>\u00a0\u2014\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2916038-1&amp;h=404873971&amp;u=https%3A%2F%2Fwww.dirtrider.com%2F&amp;a=https%3A%2F%2Fwww.dirtrider.com%2F\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.dirtrider.com\/<\/a><br \/><em>Motorcycle Cruiser<\/em>\u00a0\u2014\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2916038-1&amp;h=2168549822&amp;u=https%3A%2F%2Fwww.motorcyclecruiser.com%2F&amp;a=https%3A%2F%2Fwww.motorcyclecruiser.com%2F\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.motorcyclecruiser.com\/<\/a><br \/><em>UTV Driver<\/em>\u00a0\u2014\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2916038-1&amp;h=503047720&amp;u=https%3A%2F%2Fwww.utvdriver.com%2F&amp;a=https%3A%2F%2Fwww.utvdriver.com%2F\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.utvdriver.com\/<\/a><br \/><em>ATV Rider<\/em>\u00a0\u2014\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2916038-1&amp;h=2869020909&amp;u=https%3A%2F%2Fwww.atvrider.com%2F&amp;a=https%3A%2F%2Fwww.atvrider.com%2F\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.atvrider.com\/<\/a><br \/><em>Cycle Volta<\/em>\u00a0\u2014\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2916038-1&amp;h=148357348&amp;u=https%3A%2F%2Fwww.cyclevolta.com%2F&amp;a=https%3A%2F%2Fwww.cyclevolta.com%2F\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.cyclevolta.com\/<\/a>\u00a0\u00a0<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph -->\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Media Brands include Cycle World, Motorcyclist, Dirt Rider, Motorcycle Cruiser, UTV Driver, ATV Rider, and Cycle Volta. Octane is investing in these titles so powersports enthusiasts continue to have strong,<\/p>\n<div><a href=\"https:\/\/octane.co\/o\/cycleworld-press\/\" class=\"exp-read-more exp-read-more-underlined\">Read More<\/a><\/div>\n","protected":false},"author":14,"featured_media":5706,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[34],"tags":[68],"class_list":["post-5314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press","tag-68"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v23.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Octane Acquires the Motorcycle Group from Bonnier Corp. | Octane<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/octane.co\/o\/cycleworld-press\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Octane Acquires the Motorcycle Group from Bonnier Corp.\" \/>\n<meta property=\"og:description\" content=\"Media Brands include Cycle World, Motorcyclist, Dirt Rider, Motorcycle Cruiser, UTV Driver, ATV Rider, and Cycle Volta. 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