As the most dramatic finale of any sporting event, Illustrated sport he managed to stay alive when it seemed all hope was gone.
The venerable magazine will continue publishing after Authentic Brands Group, which owns the magazine’s intellectual property rights, announced a deal with a new publisher.
Minute Media, which also hosts sports content providers The players’ stand AND FanSidedwill take care of both the printing and digital operations of AND. The company says it will work to retain most of the publication’s current staff, as well as rehire some of the staff members who have been laid off in recent months. CNN relationships.
The fate of Sports Illustrated has been murky since the beginning of the year. The Arena Group, which had published the magazine for the past five years, stopped paying Authentic licensing fees for publishing rights in January and told its employees that virtually all of them would be fired. This came months after the company was accused of publishing articles written by AI and attributed to non-existent journalists.
Ross Levinsohn, CEO of Arena Group, was fired weeks after these allegations surfaced, as were three other executives.
“Sports Illustrated is the gold standard for sports journalism and has been around for nearly 70 years in both print and digital media,” said Asaf Peled, founder and CEO of Minute Media. “The weight and power of this distinction cannot be overstated. At Minute Media, our focus will be to bring this legacy into new and emerging channels, enhancing visibility, commercial viability and sustainable impact, all while ensuring the SI team is inspired to thrive in this new era of the media.”
As part of the deal, Authentic will also acquire an equity stake in Minute Media.