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The MAG Retail Group has  completely divested itself of its media holdings, as we can now bring you word regarding the sale of Cycle News to the newly formed Powersport Media LLC company, which was founded by Sean Finley, Bryan Robb, and Jesse Ziegler.

In the interest of transparency, Asphalt & Rubber readers should be aware of the fact that Finely and Robb also own Digital Throttle, an advertising network that caters to the motorcycle and automotive industries, and that Asphalt & Rubber is one of Digital Throttle’s clients, as is Cycle News.

Back to the matter at hand, the change in ownership for Cycle News is the second such change in recent times, as Cycle News was sold to MAG near the end for 2010.

Industry gossip suggests that this deal likely saved Cycle News from following the fate of its sister publication, Motorcycle USA, which was shutdown last week.

Motorsport Aftermarket Group (MAG) is probably not a name that many of our readers are familiar with, but it is the company behind brands like Performance Machine wheels, Roland Sands Design, Renthal handlebars, Vance & Hines exhausts, along with a list of other lesser-known aftermarket brands. Straying from its namesake, MAG made some waves recently when it acquired the Motorcycle Superstore online retail outlet.

Another story of interest involves a division of Motorsport Aftermarket Group: the MAG Media Group (MMG), which bought Cycle News back in 2010 and acquired Motorcycle USA with the Motorcycle Superstore purchase. Owning one of the oldest print publications in the business, as well as the largest web-based publication in the industry, MAG has realigned its MMG operations to consolidate the management of the two publications, with longtime editor Paul Carruthers taking on the role of Editorial Director in the business reshuffling.

More sad news in the motorcycle-journalism world today, as we learn that Cycle News Contributing Editor Henny Ray Abrams was found dead at his computer in his Brooklyn apartment, passing from apparent natural causes.

At 57 years of age, Abrams was the longest-serving journalist at Cycle News, and though he worked in virtually every paddock at one time or another, we here at Asphalt & Rubber knew him best for his time in AMA and MotoGP paddocks.

After 40 years of covering the motorcycle industry, weekly magazine Cycle News ceased publishing nearly three months ago, survived only its website. It looks like the brand will live on though, as Cycle News has been acquired by the Motorsport Aftermarket Group (MAG), the owner of such brands like Vance & Hines, Renthal, and Performance Machine. MAG will now own and operate the cyclenews.com site, and will bring back former editor Paul Carruthers, who left Cycle News right before it stopped publication. MAG plans on focusing with an online publication strategy, with the possibility of a print edition coming out at some later time.

UPDATE: Cycle News has indeed closed its business doors.

Rumors are rife that Cycle News has closed it’s doors after nearly 50 years of motorcycle print publishing. Once the pinnacle publication of the industry, Cycle News has slowly seen its readership get eaten up by conglomerate driven publications like Cycle World, Motorcyclist, and Sport Rider…and of course web-based motorcycle news sites like yours truly. As Superbike Planet’s Dean Adams puts it, “if true, this is truly the end of an era for the motorcycle publishing industry,” we couldn’t agree more.