Looks as though Sports Illustrated has decided to cut the fat:
No, not that fat. This fat:
The owner of Sports Illustrated has ended the employment of the publication’s entire staff, leaving the very existence of the nearly 70-year-old magazine in doubt.
Then follows a while bunch of publishing industry gobbledegook (good luck trying to understand this nonsense — it reads like the article’s author didn’t understand it either):
The licensing group that owns the sports mag has terminated its agreement with The Arena Group to continue publishing the magazine three weeks after Arena missed a $2.8 million payment, a deficit that breached the magazine’s licensing deal, according to Front Office Sports.
Authentic bought SI out from Meredith in 2019 for $10 million. If it continues publishing, the magazine will turn 70 years old this August.
An email announcing the decision says in part, “We were notified by Authentic Brands Group (ABG) that the license under which the Arena Group operates the Sports Illustrated (SI) brand and SI-related properties had been officially revoked by ABG.”
Got all that? There will be a test. Not that it matters, because here’s the crux of it:
“As a result of this license revocation, we will be laying off staff that work on the SI brand.”
Crap magazine, terrible writing, stupid stories, and let’s not forget the idiotic decision to put fatties in the Swimsuit Issue instead of hotties like oh, Leryn Franco. Ergo, from this:
…to this:
“Oh noes… why did people stop buying our magazine? They must all be Christianist Trumpists!” or some such twaddle.
SI never recovered from the loss of writers like Pete King, Frank DeFord and Rick Telander, to name just some. And the arrival of Internet reportage shot them in the gut, just as what happened to many print magazines in other industries.
Won’t be missed. Mediocrity and crap hardly ever is.