Sports Illustrated will continue operations after agreement reached with new publisher [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
Minute Media took over on Monday after reaching a licensing agreement with Authentic Brands Group. On Jan. 19, Authentic announced that it was revoking The Arena Group's publishing license after Arena failed to make a quarterly payment. Authentic had been in negotiations with Arena, Minute Media and other publishing entities over the past two months. Authentic will acquire an equity stake in Minute Media, which also publishes the online sites The Players' Tribune, FanSided and 90min. Other terms, including the length of the deal, were not announced. “Sports Illustrated is the gold standard for sports journalism and has been for nearly 70 years across both print and digital media. The weight and power of that distinction cannot be understated. At Minute Media, our focus will be to take that legacy into new, emerging channels, enhancing visibility, commercial viability, and sustainable impact, all while ensuring that the SI team is inspired to flourish in this new era of media,”
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