The potential demise of Sports Illustrated, a magazine cherished for nearly 70 years, has been noted as a significant loss for the industry.
Recent developments include mass layoffs and the revocation of publishing rights by Authentic Brands Group.
The decision has sparked concerns about the future of independent sports journalism.
Our statement on today’s mass layoffs at Sports Illustrated pic.twitter.com/tQjJdoHP4p
— Sports Illustrated Union (@si_union) January 19, 2024
“Authentic is here to ensure that the brand of Sports Illustrated, which includes its editorial arm, continues to thrive as it has for the past nearly 70 years,” Authentic Brands Group stated.
“We have fought together as a union to maintain the standard of this storied publication that we love, and to make sure our workers are treated fairly for the value they bring to this company. It is a fight we will continue,” Mitch Goldich wrote.
“We hope to be the company to take SI forward but if not, we are confident that someone will,” Arena Group stated. “If it is another business, we will support with the transition so the legacy of Sports Illustrated doesn’t suffer.”
The first ever cover of Sports Illustrated (August 16, 1954). Milwaukee County Stadium. #Braves pic.twitter.com/ydlQYc86YS
— MLB Cathedrals (@MLBcathedrals) January 19, 2024
Wishing the best to everyone let go from Sports Illustrated. I had an SI subscription as an elementary school kid after I begged my dad for one. It certainly had a profound effect on me. pic.twitter.com/Oo5wRaXWPO
— Marc J. Spears (@MarcJSpears) January 19, 2024
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