Sports Illustrated publisher lays off most of its staff - News Summed Up

Sports Illustrated publisher lays off most of its staff


By Ramishah Maruf | CNNThe future of Sports Illustrated was uncertain Friday after the publisher of the iconic magazine and website laid off most or “probably all” of its guild-represented staff, its union said. In a memo sent to staff viewed by CNN, the magazine’s publisher said it is “laying off staff that work on the SI brand.”Authentic Brands Group has owned the magazine and website since 2019. It sold the publishing rights to Arena Group, but the company missed a recent payment for those publishing rights and ABG revoked them, the publisher said in its memo. The union said it expects the Arena Group to honor its union contract and for all of its employees to be treated fairly. It is a fight we will continue,” Mitch Goldich, NFL editor and unit chair, said in the union statement.


Source: CNN January 19, 2024 22:45 UTC



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