Friday, January 19, 2024

'Gold Standard' of Sports Reporting Lays Off Most Staff (Newser Breaking News)

Newser Newsletter
January 19, 2024
 
Happening Now

Since 2019, the Arena Group has paid a licensing fee to have the rights to publish Sports Illustrated, owned by Authentic Brands Group. Earlier this month, red flags started popping up that indicated Arena had missed a $3.75 million quarterly payment on the first of the year, with a warning issued from ABG that it could nix Arena's 10-year contract, "absent a cure." Keep reading
 
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