Hot Rod Magazine and MotorTrend have been sold to Hearst Media

All the brands that Motor Trend owned, are now Hearst's. 

Hearst already owned Car and Driver, Road and Track, and Popular Mechanics

Plus, King Features Syndicate, XM Sirius,  etc

Hearst is privately owned, not shareholder. 

https://www.hearst.com/-/hearst-magazines-acquires-motortrend-group

https://en.wikipedia.org/wiki/List_of_assets_owned_by_Hearst_Communications