"Sports Illustrated Staff Faces Mass Layoffs as Publisher Loses License"

Sports Illustrated's publisher, The Arena Group, is planning to lay off most, if not all, of its journalists after failing to pay licensing fees to the magazine's parent company, Authentic Brands Group. The union representing 80% of the magazine's staff stated that all union-represented employees are at risk of being laid off. This comes after The Arena Group announced a "significant reduction" in its workforce due to substantial debt and missed payments, and amid accusations of publishing AI-generated stories under fake journalists' names.