Associated Press Published 9:30 p.m. ET Oct. 3, 2019 | Updated 9:30 p.m. ET Oct. 3, 2019
Little-known media aggregation Maven, Sports Illustrated’s new manager, says the sports anniversary is acid added than 40 jobs out of a agents of 150. Maven agent Greg Witter says it will add 200 contractors to awning academy and able sports teams for Sports Illustrated. (Photo: Butch Comegys, AP)
NEW YORK — Sports Illustrated’s new administrator said Thursday that the 65-year-old sports anniversary is acid added than 40 jobs out of a agents of 150.
Maven, the aggregation now managing the magazine, will add 200 contractors to awning academy and able sports teams, said Maven agent Greg Witter. These bodies are “independent publishers, contractors” but “still able journalists,” he said.
Maven addled a licensing accord in June to accomplish Sports Illustrated with the magazine’s new owner, branding aggregation Authentic Brands Group. Anniversary administrator Meredith, which beforehand this year awash Sports Illustrated to Authentic Brands for $110 million, was initially declared to run the magazine’s book copy and website.
Sports Illustrated’s new CEO, Ross Levinsohn, is the above administrator of the Los Angeles Times and a arguable amount who was advised on animal aggravation allegations. He was austere of atrocity by the company, again alleged Tronc, that had endemic the paper. He is a common assistant with Maven’s CEO, Jim Heckman, a media entrepreneur.
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Heckman said in a abrupt June account with The Associated Press that Sports Illustrated is “an important abundance for the country. We’re activity to advance into that treasure.” He said the primary focus was advance in technology for the brand.
But media watchers accept been anxious about the approaching of the anniversary beneath Authentic Brands and Maven.
Several Sports Illustrated staffers tweeted a address Thursday allurement Meredith and Authentic Brands to bead Maven and save the magazine.
Maven said the affair area layoffs were appear Thursday “was all Meredith.”
Meredith, however, said Maven fabricated the cadre decisions that Meredith announced to staffers. “Going forward, the actual SI advisers will assignment at the administration and at the amusement of Maven,” Meredith said in a statement.
Authentic Brands did not acknowledgment to questions.
Sports Illustrated began publishing in 1954 and is accepted for its all-embracing advantage of sports as able-bodied as its an anniversary swimsuit edition. It has struggled, however, with crumbling circulation, the actualization of agenda rivals and the departure of announcement dollars to online outlets.
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