I can’t even lie, I thought this was a magazine about Tiger Woods.
After some research it appears it has been around for decades, but they have some new owners now after falling on hard times.
A group of 17 investors recently raised $2 million to buy and revamp the magazine, giving new life to a publication that had lost much of its sheen. The goal: turn the glossy magazine into a media empire.
Tiger Beat’s new backers include the banker and entrepreneur Mark Patricof; the television host and comedian Nick Cannon; the basketball star Kevin Durant; Steve Tisch, a film producer and the chairman and executive vice president of the New York Giants; and The Daily Mail.
Magazines don’t do well these days because everyone gets their news and in this case teen gossip online.
Never can hurt to try to diversify the portfolio though.
H/T NY Daily News