"Sports Illustrated Secures New Publisher to Continue Operations"

Sports Illustrated's publishing rights have been acquired by Minute Media from Authentic Brands Group, following mass layoffs at the iconic sports publication. Minute Media plans to bring technological innovation and a wider global audience to the brand while maintaining its core mission. The deal includes the SI swimsuit edition and SI for Kids, and Minute Media intends to retain much of the SI staff. This move comes after Arena Group Holdings, the previous owner of the brand rights, failed to make a critical payment, triggering the search for new partners.