"Mass Layoffs: Sports Illustrated Staff Faces Job Elimination as Authentic Brands Revokes Publishing License"
The publisher of Sports Illustrated, The Arena Group, announced mass layoffs after its licensing agreement with Authentic Brands Group was revoked due to a missed payment. The company is in talks to regain the license, but in the meantime, a significant reduction in the workforce has been announced. Despite the uncertainty, the annual Swimsuit edition has been completed and will be released in the spring. Various companies have shown interest in a licensing deal for SI, and the magazine's union members are calling for the continued publication of SI.
