Fat chicks and guys in women’s swimsuits, and woke propaganda didn’t do it for the magazine most American males of a certain age grew up with. From Tyler Durden at zerohedge.com:
Sports Illustrated rights holder Arena Group has had its license to publish the magazine revoked by Authentic Brands Group after inability to make $3.75 million quarterly payment at the end of 2023. In other words, the publisher likely isn’t bringing in enough profit to maintain the brand. Under contract, Arena Group is required to pay another $45 million to ABG because of the loss of the license. As a result, Sports Illustrated has been forced to layoff their entire staff while discussions are underway to salvage the arrangement.
In a statement, Sports Illustrated Union and The NewsGuild of New York vowed to “fight for every one of our colleagues.” But how could this have happened? One of the oldest and best known names in sports commentary is now essentially defunct.
The signs were all there.
The shutdown takes place only thee years after the company committed to major layoffs in 2020 back when they were run by Maven, shaving $27 million from their costs compared to 2018. Apparently, this wasn’t enough and ownership was acquired by Arena Group. In November of 2023, SI was caught using fake journalists and AI generated content, further indicating that they were on the verge of going broke.
I miss those 1980s shirts of no fat chicks it’s the law and Hitler on tour with London, Moscow, DC, crossed off the upcoming lists, another one showed the proto mean girlboss in tears saying…nuclear war there goes my career.
O/T-Regarding SCROTUS and rulings, comrade Roberts is in a photo with G Maxwell in Hawaiian shirt and she is in short shorts sitting close on a La-Z-Boy, also scuttlebutt about him having lunch with Jack Smith of the Hague.