It appears to be the brutal end of an era for the iconic “Sports Illustrated” brand as the company’s entire staff — both online and print — were told in a devastating email Friday afternoon that their jobs had been eliminated.
The publication, which is licensed by the Authentic Brands Group, missed a payment of roughly $3.75 million causing its license to publish to be revoked and therefore leading to the dismissal of all employees.
On Thursday, the Arena Group issued a release noting that there would be a “significant reduction in its workforce of over 100 employees” but did not elaborate further. By early Friday afternoon, employees had received an
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