"Sports Illustrated Faces Major Layoffs as Publisher Revokes License"
TL;DR
The publisher of Sports Illustrated, the iconic sports brand, is planning significant layoffs after its license to use the brand's name was revoked by Authentic Brands Group. The layoffs could affect a significant number, possibly all, of the outlet's staff, including NewsGuild workers. The Arena Group, which operates Sports Illustrated, admitted to failing to make a quarterly payment, leading to the revocation of the license. The future of the publication remains uncertain as negotiations with Authentic Brands Group continue.
Topics:businessbusiness-sports#authentic-brands-group#business-sports#layoffs#license-revocation#publishing#sports-illustrated
- Sports Illustrated plans major layoffs after license revoked ESPN
- Sports Illustrated's Entire Staff Told Their Jobs Have Been Eliminated After Authenic Brands Revokes License To Publish; Union Vows To “Fight For Every One Of Our Colleagues” Yahoo Entertainment
- Sports Illustrated's entire staff told they are getting laid off New York Post
- Most of Sports Illustrated staff is laid off WRAL
- Sports Illustrated’s publisher lays off most of its staff, union says CNN
Want the full story? Read the original reporting
Read on ESPN