After months of uncertainty, Sports Illustrated, one of America's most iconic magazines, has found a new lease on life with a 10-year publishing agreement with Minute Media.
The renowned periodical was caught in a payment dispute between Authentic Brands Group (ABG), which owns its intellectual property rights, and its publisher, Arena Group. This conflict led to significant layoffs in January and the announcement that the magazine's print edition would be discontinued in the summer.
However, the latest development brings hope to fans and stakeholders as Minute Media steps in to take over the publishing responsibilities. The new arrangement is set to preserve the print edition, allowing Sports Illustrated to continue its rich tradition in the physical format while exploring new digital opportunities.
This partnership not only stabilizes the magazine's future but also reaffirms its place in the competitive sports media landscape, catering to both long-time readers and a new generation of sports enthusiasts.
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Iconic U.S. magazine Sports Illustrated gets publishing lifeline
cgtn.com
