Overview
- Sports Illustrated has entered a 10-year publishing deal with Minute Media, with the option to extend for up to 30 years.
- Minute Media plans to continue Sports Illustrated's print edition and rehire some staff laid off by the previous publisher.
- Authentic Brands Group, the owner of Sports Illustrated, will acquire an equity stake in Minute Media.
- The deal comes after the previous publisher, The Arena Group, faced financial issues and laid off the entire unionized workforce.
- Minute Media aims to expand Sports Illustrated's global publication operations and maintain its reputation for in-depth sports journalism.