Thursday, July 31, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > News > Sports Illustrated sold to Meredith Corp

Sports Illustrated sold to Meredith Corp

in News
- Sports Illustrated sold to Meredith Corp
Share on LinkedinShare on WhatsApp

Meredith Corp. has sold for $110 million the intellectual property around Sports Illustrated.

Meredith Inc. announced Monday night that it is selling Sports Illustrated to Authentic Brands Group, a brand development company, for $110 million. Meredith Corporation will continue to publish the print magazine and website.

After decades of chronicling stellar match-ups, blow-outs, squeakers, sudden deaths and famous photo galleries is now getting ready to take on a whole new kind of game with the brand-development company that manages Juicy Couture, Nautica, and elements of the Muhammad Ali and Elvis Presley estates, among others.

Sports Illustrated was put up for sale last year along with Time, Fortune and Money magazines, which Meredith acquired via its purchase of Time Inc.

According to Variety, under terms of the deal, Authentic Brands acquires the rights to market, develop and license Sports Illustrated and its kids’ edition as well as its swimsuit and “Sportsperson of the Year” franchises, along with the magazine’s photo archive. Meredith will pay a licensing fee to operate the editorial operations of Sports Illustrated in print and in digital for a minimum of two years. Editor Chris Stone and Publisher Danny Lee will continue to lead Sports Illustrated at Meredith.

Meredith thinks investing in entertainment and lifestyle brands creates a closer path to profit than investing in news and sports brands, which can be harder to monetize in the internet era.

Executives at Meredith told the Wall Street Journal last week that they are banking on growing sources of revenue from its entertainment properties through things like content licensing, live events and online retailing.

As the magazine and print advertising is facing steep decline in the digital age, many businesses, especially publications, are seeing themselves forced to reimagine their distribution and see how they can continue to grow.

Jamie Salter, founder, chairman and CEO of Authentic Brands, has envisioned possibilities for the 1954 sports journalism publication ranging from Sports Illustrated medical clinics and sports-skills training classes to a gambling business and better use of the magazine’s vast photo library.

“We always stay close to the DNA and the heritage of the brand (…) Granted, we will go beyond, but we will always remember sort of how we go there (…) Sports Illustrated is not just a magazine. It’s really a platform and it really stands for something that is hard.”

Tags: Authentic Brands GroupCEOCEONorthAmSports Illustrated

Related Posts

U.S. to impose 25% tariff on India from Aug 1
News

U.S. to impose 25% tariff on India from Aug 1

Howard Schultz resigns from Starbucks board
News

Starbucks CEO says turnaround is ahead of schedule

HSBC reveals latest cost-cutting measures following strong 2024 performance
News

HSBC reports first-half profit slump of 26%

Union Pacific and Norfolk merge in $85-billion transcontinental railroad deal
News

Union Pacific and Norfolk merge in $85-billion transcontinental railroad deal

U.S. trade gap expands to $74.6B
News

Census Bureau reports narrowing U.S. trade deficit

Month-long Boeing strike costs company $5 billion
News

Boeing CEO says 2025 ‘our turnaround year’

Japan: Only 1%-2% of $550 billion U.S. deal is investment
News

Japan: Only 1%-2% of $550 billion U.S. deal is investment

Trump delays EU tariff hike
News

US-EU trade agreement announced

Samsung operating profit plunges in Q3
News

Tesla and Samsung sign $16.5 billion chip deal

Tesla to launch Robotaxis in San Francisco this weekend
News

Tesla to launch Robotaxis in San Francisco this weekend

No Result
View All Result

Recent Posts

  • How employers can address future retirement risks
  • U.S. to impose 25% tariff on India from Aug 1
  • HSBC reports first-half profit slump of 26%
  • Starbucks CEO says turnaround is ahead of schedule
  • New tool gives anyone the ability to train a robot

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.