Posted on 01/19/2024 10:12:51 AM PST by T.B. Yoits
The Arena Group alerted all Sports Illustrated staffers on Friday that their positions were being eliminated.
Richard Deitsch, a sports media reporter who left for Sports Illustrated for the Athletic, posted the email that all employees received on X.
It noted, in part, that some employees would be “terminated immediately.”
The decision comes after the Authentic Brands Group, the licensing group that bought Sports Illustrated for $110 million from Meredith five years ago, terminated the agreement it holds with The Arena Group to publish the magazine in print and digital, per Front Office Sports.
“Some employees will be terminated immediately, and paid in lieu of the applicable notice period under the [the union contract],” the notice read. “Employees with a last working day of today will be contacted by the People team soon. Other employees will be expected to work through the end of the notice period, and will receive additional information shortly.”
The Arena Group missed a $2.8 million payment that breached the company’s Sports Illustrated licensing deal three weeks ago.
(Excerpt) Read more at nypost.com ...
Take out the trash.
Do we get to keep the swimsuit issue?
Bye.
I fail to see how magazine publishing is even a thing anymore.
I love reading good news on a Friday morning to start my weekend :)
Go woke, go broke.
I canceled many years ago when the showed a Marlins pitcher standing in water from global warming.
Left handed black guy with crooked hat…
I was really looking forward to their next tranny-filled swimwear issue. Bummer man.
Do you like trannies and Hutus?
Funny how that statement keeps being proved true over and over and over.
Yes! 70 Trannies!
No snowshoe edition this year.
I suggest National Geography if you’re interested in pictures of whales.
Aren’t they already using AI to write their stories?
“Do we get to keep the swimsuit issue?”
Seeing guys in bikinis?
They got bought for only $110 mil?! Wow. Print is dead.
You can have it. That's what started their decline, when they went woke.
Nope! Ya need to turn them in to the eye cops.
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