Sports Illustrated Will Continue Operations After Agreement Reached With New Publisher
March 18, 2024 1:25PM PDT
FILE – A George Mason University fan holds up the cover of Sports Illustrated magazine at a send off for the team, Wednesday, March 29, 2006, in Fairfax, Va. The publisher of Sports Illustrated has notified employees it is planning to lay off a significant portion — possibly all — of the outlet’s staff after its license to use the iconic brand’s name in print and digital was revoked. In an email to employees Friday morning, Jan. 19, 2024, the Arena Group, which operates Sports Illustrated and related properties, said that Authentic Brands Group has revoked its marketing license. (AP Photo/Lawrence Jackson, File)
(Associated Press) – Sports Illustrated will continue operations after the company that owns the brand agreed with a new publisher for its print and digital products.
Minute Media took over on Monday after reaching a licensing agreement with Authentic Brands Group.
On Jan. 19, Authentic announced that it was revoking The Arena Group’s publishing license after Arena failed to make a quarterly payment.
Authentic had been in negotiations with Arena, Minute Media and other publishing entities over the past two months.
Authentic will acquire an equity stake in Minute Media, which also publishes the online sites The Players’ Tribune, FanSided and 90min.
Other terms, including the length of the deal, were not announced.
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