Here is the long version how and why.Affinity owned it all until they stiffed their stockholders to the tune of millions of dollars.
Sooo, they just changed their name to Good Sam and went on doing business as usual. :R
I.E Good Sam owns trailer life, camping world, coast to coast and all the forums associated with it.
1.
Here's the glorified history of Affinity.http://www.fundinguniverse.com/company-histories/affinity-group-holding-inc-history/
2.
And here are the facts how everything changed to GS.Their financial history tells the story! Think bank failures, golden parachutes and the market crash, AGI was one of THE biggest ones, only thing is they owned waaay too many companies so the
gov had to bail them out.:R CW ~GS ~ Affinity ~ AGI all one in the same.
"The FDIC estimates Affinity's failure will
cost its deposit insurance fund $254 million."
"On August 15, 2009, AGI
failed to make a $6.2 million interest payment to bondholders, and Standard & Poors subsequently lowered AGI's credit rating to D. Standard & Poor reported that they had taken this view because bondholders will be receiving less than par value for the notes and because of the company's highly leveraged financial profile, weak operating outlook, and limited liquidity given the near-term maturity of its senior credit facility.
Good Sam Enterprises (formerly Affinity Group or AGI) is a provider of membership clubs, as well as subscription-based products, services and publications, targeted toward recreational vehicle and other outdoor enthusiasts in the United States.
Additionally, the company owns Camping World, a leading RV-related specialty retailer and RV.net an RV-focused website.In May 2011, AGI announced that it was
changing the company's name to Good Sam Enterprises. and that my friends is how they got out from under paying the stockholders the millions of dollars they owed them.
We must be willing to get rid of the life we've planned,
so as to have the life that is waiting for us.
