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Arena Group

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business2 years ago

"Sports Illustrated: The Demise and Departure of a Publishing Icon"

Former Arena Group CEO Ross Levinsohn has resigned from the company's board, citing the "destruction" of Sports Illustrated's brand and newsroom as the reason for his departure. Levinsohn, who previously served as CEO of Sports Illustrated, expressed disappointment in the company's direction. He highlighted the growth achieved during his tenure and expressed confidence in the company's future, following its majority sale to Simplified Inventions. Levinsohn has held various roles at media companies, including Yahoo and the LA Times, before his time at Arena and SI.

via Awful Announcing|
#arena-group#business#media-industry
business2 years ago

"Uncertain Future: Sports Illustrated Faces Mass Layoffs and License Revocation"

Sports Illustrated's entire editorial staff may be laid off as a result of Authentic Brands Group revoking Arena Group's license to publish SI, leading to mass layoffs and a significant reduction in the workforce. The Arena Group is in active discussions with ABG to resolve the issue, while ABG affirms that Sports Illustrated will continue but does not address whether SI will continue in partnership with Arena Group. The layoffs come after Arena Group missed a quarterly payment to ABG, and the company is in active negotiations with potential investors to initiate a transformative shift towards a streamlined business model. The Sports Illustrated Union is calling on ABG to ensure the continued publication of SI and allow it to serve its audience, while expressing a commitment to fight for fair treatment of colleagues.

via Variety|
#arena-group#authentic-brands-group#business
business-media2 years ago

"Mass Layoff: Uncertain Future for Sports Illustrated's Staff and Brand"

Sports Illustrated's publisher, Authentic Brands Group, has terminated its licensing agreement with The Arena Group, leading to massive layoffs at SI. The layoffs come after Arena missed a $2.8 million payment, breaching the licensing deal. The future of SI remains uncertain as Authentic explores options to establish a new operator for the publication. The move signals a shift in the company's operations, following struggles to find financial stability in the digital age and recent leadership changes.

via Front Office Sports|
#arena-group#authentic-brands-group#business-media
business2 years ago

"Sports Illustrated Publisher Takes Action: CEO Fired Amid AI Controversy and More"

The publisher of Sports Illustrated, Arena Group, has fired its CEO, Ross Levinsohn, following public backlash over allegations that the magazine used AI to write stories. The controversy arose after tech-focused publication Futurism reported that AI-generated content and fictitious author bios were being used on SI's website. Arena Group denied the allegations but pulled the stories pending an internal investigation. Manoj Bhargava, the founder of 5-Hour Energy and majority stakeholder in Arena Group, has been named interim CEO. The firing of Levinsohn follows three other terminations at the company last week.

via CBS News|
#ai-controversy#arena-group#business
business2 years ago

"Sports Illustrated CEO Fired Amid AI Scandal Fallout"

Ross Levinsohn, CEO of The Arena Group, owner of Sports Illustrated, has been fired following backlash over the magazine allegedly publishing articles generated by artificial intelligence (AI). The firing is part of a wider purge of senior executives at the company since the scandal broke. The move is said to be aimed at improving operational efficiency and revenue. The controversy arose after tech news outlet Futurism revealed that Sports Illustrated had published articles with fake author names and AI-generated headshots. The magazine disputed the report's accuracy and launched an internal investigation. Concerns are growing in the media industry about the potential for AI to replace journalists and spread misinformation.

via BBC.com|
#ai-generated-articles#arena-group#business
business2 years ago

"Sports Illustrated Publisher Shakes Up Leadership Amid AI Controversy"

The Arena Group, publisher of Sports Illustrated, has fired CEO Ross Levinsohn following the revelation that the magazine had published articles written by fake authors with AI-generated headshots and biographies. The board of the Arena Group announced the termination and appointed Manoj Bhargava as interim chief executive. The company denied the allegations and stated that the articles in question were sourced commercial content from a third-party advertising company. This comes after the company terminated the employment of its operations president, media president, and corporate counsel last week.

via The Guardian|
#ai-generated-articles#arena-group#business