Sports Illustrated is undergoing drastic staff cuts. Today, the venerable media outlet trimmed as many as 40 staff members, according to a story in the Wall Street Journal. Employees were told late…
, a global brand development, marketing and entertainment company that manages Juicy Couture, Nautica, and holds the licensing and trademark rights for celebrities such as Marilyn Monroe, Elvis Presley and Muhammad Ali. was first published in 1954 and claims to be read by more than 23 million people each week. It was the first magazine with circulation over one million to win the National Magazine Award for General Excellence twice.
Sports Illustrated,kids’ edition, “Sportsperson of the Year” and SI TV, along with the magazine’s photo archive. The agreement terms saw Meredith continue to operate theprint magazine and SI.com for a minimum of two years, and pay ABG a licensing fee.to the ABG family,” Authentic Brands Founder, Chairman and CEO Jamie Salter said in a statement on Monday, May 27.
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