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Sports Illustrated layoffs

Discussion in 'Journalism topics only' started by silvercharm, Oct 3, 2019.

Page 50 of 68
  1. LanceyHoward

    LanceyHoward Well-Known Member

    I can't understand what SI is doing. I understand going to a monthly but I would guess the tree most popular issues of the year would be the swimsuit issue, the NFL issue and the college football issue. I think that you would would do a college issue in August and the NFL in early September. Instead they combined the two in August. So what are they going to print in the September issue?

    I realize they will find something but I doubt it has the reader interest that football previews draw.
     
    LanceyHoward, Aug 9, 2020
    #589
  2. matt_garth

    matt_garth Well-Known Member

    matt_garth, Aug 11, 2020
    #590
  3. DanOregon

    DanOregon Well-Known Member

    Curious what the recent page counts have been. My subscription lapsed and I haven't heard anything from SI. Makes me think print isn't a long-term play for Maven.
     
    DanOregon, Aug 11, 2020
    #591
  4. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    2muchcoffeeman, Aug 11, 2020
    #592
    maumann likes this.
  5. HanSenSE

    HanSenSE Well-Known Member

    HanSenSE, Aug 11, 2020
    #593
    Slacker and matt_garth like this.
  6. Della9250

    Della9250 Well-Known Member

    When you've lost Bob Ryan....

     
    Della9250, Aug 13, 2020
    #594
  7. poindexter

    poindexter Well-Known Member

    The Maven's audited financial statements got a "going concern" opinion.
    That's like a doctor giving a cancer diagnosis. And not the good cancer, like skin cancer.
     
    poindexter, Aug 13, 2020
    #595
  8. Big Circus

    Big Circus Well-Known Member

    “Going concern” just means that the auditor thinks the business can meet its financial obligations when it has to. It’s essentially a neutral statement - “This business will continue to be a business.”
     
    Big Circus, Aug 13, 2020
    #596
  9. poindexter

    poindexter Well-Known Member

    That is not correct at all.

    Going concern is a term used in the negative. As in, "there is a substantial doubt that the company can continue as a going concern".

     
    poindexter, Aug 13, 2020
    #597
    matt_garth likes this.
  10. DanOregon

    DanOregon Well-Known Member

    If you are bleeding like that, why not cut your losses and bank the money you have left? What are the odds that it will move into the black before next April?
     
    DanOregon, Aug 13, 2020
    #598
  11. The Big Ragu

    The Big Ragu Moderator Staff Member

    The company has existed on selling equity and debt.We have been in a cheap money environment that has created a survival of the unfittest environment -- a lot of mispriced debt and speculative equity has chased dumber and dumber things. This is a good example of what the Federal Reserve has created.

    They don't think things are going to turn around by next April. They are going to try to find money by borrowing, although I am sure they would gladly sell some diluted equity if that did the trick.

    On the one hand, the Fed seems intent on keeping the debt levels escalating by suppressing yields and creating money out of thin air and using it to buy up debt -- even debt that is underwater. Nothing is allowed to fail. On the other hand, there are enough people who are spooked by what they have created that lending conditions to clowns like these guys have tightened up enough where they can't just keep rolling over debt and adding on to it, or selling equity if that doesn't work. If the Fed can keep the debt levels rising, they may be able to find some money to burn through. If not, they (and a lot of entities like them) are going to be done.
     
    Last edited: Aug 13, 2020
    The Big Ragu, Aug 13, 2020
    #599
  12. matt_garth

    matt_garth Well-Known Member

     
    matt_garth, Aug 17, 2020
    #600
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