"Mass Layoffs at Sports Illustrated as Publisher Revokes License"
Sports Illustrated's publisher, The Arena Group, has notified employees of a significant number of job eliminations, prompting the publication's union to call for continued publication and audience service. The magazine, owned by Authentic Brands Group, has faced significant changes, including a reduction in workforce and leadership turnover. The future of Sports Illustrated's publication remains uncertain as discussions with ABG continue, while industry experts lament the decline of a once-preeminent sports journalism outlet.