The Arena Group, which publishes SI, recently missed a $3.75 million payment to SI’s license holder, Authentic, leading Authentic to sever the deal. On Friday, Arena started laying off employees. Authentic, the licensing group that purchased Sports Illustrated for $110 million from Meredith five years ago, has terminated the agreement it holds with The Arena Group to publish SI in print and digital, according to an email obtained by Front Office Sports. That move comes three weeks after Arena missed a $3.75 million payment that breached the company’s SI licensing deal, which began in 2019. (Authentic’s notice of termination, meanwhile, triggered a $45 million fee due immediately to Authentic, according to an SEC filing on Friday.)... Sometimes ya gotta cut the fat.
We already have a thread on this and logical people agree that going woke destroys everything it touches.
Darwin whispers to the other corporations..... Hey, you see what Bud light and sports illustrated has done? ...... You should do that too !
Apparently 3 million subscribers every other week. More people read SI than watch CNN. I don't know about you, but sitting back in a reclining chair makes it far more easier to read anything than looking at it on a computer, tablet or phone. Plus there are collectors out there who cherish every issue.
Yup... A good discussion can be found here: http://www.politicalforum.com/index...st-of-staff-in-mass-layoff-union-says.616117/ Oh, and on-topic, my comment from original thread: They didn't adapt quickly enough to digital. The Athletic eclipsed them. Ya snooze, ya lose...
