Sports Illustrated will continue operations after agreement reached with new publisher

webnexttech | Sports Illustrated will continue operations after agreement reached with new publisher

SI co-Editor in Chief Stephen Cannella told employees in a memo to continue operating as if it were business as usual for now. “We have said from the start that our top priorities are to keep Sports Illustrated alive, uphold the legacy of the institution and protect our union jobs. We look forward to discussing a future with Minute Media that does that,” said Emma Baccellieri, an SI staff writer and vice chair of the employee union that the NewsGuild represents. The Arena Group acquired publishing rights from Authentic in 2019 for at least 10 years, but it had many hurdles. In December, it fired chief executive officer Ross Levinsohn when the magazine’s alleged use of AI-generated stories drew public backlash. Sports Illustrated has had a rough six years. It was acquired by Meredith Publishing in 2018 as part of the purchase of Time Inc., which started the magazine in 1954. Less than a year later, Meredith sold the magazine’s intellectual property to Authentic for $110 million. Authentic owns the intellectual property of many brands and stars, including Marilyn Monroe, Elvis Presley, Muhammad Ali and Reebok.

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