Sports Illustrated to live on, now with new publisher in tow

Sports Illustrated will stay successful beingness shape aft its genitor institution connected Monday announced a caller patient for nan famed sports magazine.

Authentic Brands Group (ABG) said that Israel's Minute Media had secured nan publishing authorities for Sports Illustrated. The mag will enactment nether ABG's ownership, but Minute Media will return complete work for printing Sports Illustrated, Sports Illustrated Swimsuit and Sports Illustrated Kids. The woody is for 10 years pinch an action to widen for different 30 years, nan New York Times reported. 

The companies did not disclose financial position of nan deal. 

Sports Illustrated was launched by Time Inc. proprietor and patient Henry Luce successful 1954. For decades, nan play people publication was considered a benchmark for sports journalism, scooping up nationalist mag awards and influencing respective generations of sportswriters.

Minute Media plans to build connected Sports Illustrated's bequest by enhancing nan publication's "visibility, commercialized viability and sustainable impact, while ensuring that nan SI squad is inspired to flourish successful this caller era of media," laminitis and CEO Asaf Peled said successful a statement. 

Minute Media launched successful 2011 arsenic a mini integer publication focused connected covering soccer. But nan institution has since expanded to much than 500 employers, established a beingness successful New York and London and acquired different sports news outlets. In 2019, Minute Media bought The Players' Tribune, a integer mag launched by erstwhile shot commencement Derek Jeter. Minute Media besides owns The Big Lead and FanSided. 

"Minute Media has successfully proven that they are starring nan measurement successful a caller era of sports storytelling, and we are excited and optimistic astir this business and nan early of Sports Illustrated arsenic nan preeminent lens into sport," ABG Executive Vice Chairman Daniel Dienst said successful a statement. 

The Minute Media woody apt comes arsenic a alleviation for nan magazine's labor aft nan erstwhile publisher, The Arena Group, laid disconnected astir of nan unit successful January. The magazine's unionized unit members said successful a connection Monday that they invited nan alteration to Minute Media. 

"We person said from nan commencement that our apical priorities are to support Sports Illustrated alive, uphold nan bequest of nan institution and protect our national jobs," Emma Baccellieri, unit writer for nan mag and vice chair of its union, said successful a statement. "We look guardant to discussing a early pinch Minute Media that does that." 

Long a play magazine, Sports Illustrated shifted to a biweekly publishing schedule successful 2018 and became a monthly successful 2020. The publication was sold by Meredith Corp. to ABG successful 2019 for $110 million. 

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