Sports Illustrated lays off most of its staff

A good recap of recent events and a bleak outlook. https://www.hollywoodreporter.com/b...-advertising-layoffs-labor-unrest-1235806888/

 

https://airmail.news/issues/2024-1-27/sports-immolated

 

FWIW

 

From the Ross Levinsohn letter, filed with the SEC as Exhibit 17.1 and linked to in the NewsGuild’s press release:

The feckless actions and board’s inability to stand up to the demands of a minority shareholder and his two board representatives has placed the company in severe distress, and watching what is transpiring in real time makes it impossible to continue to serve. Today’s obliteration of Sports Illustrated’s storied newsroom and the union busting tactics is the last straw. These actions and the inaction of this board are illegal, riddled with self-dealing, and will almost certainly lead to shareholder lawsuits. In my more than 30 years inside of public and private companies, I’ve never witnessed more negligence in my career.​

Oh? Do tell, Mr. Levinsohn. Names, please.

 

https://nypost.com/2024/01/29/busin...ing-jeff-zuckers-front-office-sports-sources/

 

I will NOT click on a Rupert link.

Call me provincial.

 

You're provincial!

 

Sports Illustrated, Still Alive, Parties On and Weighs Suitors

 

Was at LAX the other day on the way back home from a business trip. I looked at the magazine racks at about 3 different newsstands. My first thought was “damn, there are no interesting magazines anymore.” Also of note: only 1 of the 3 newsstands appeared to sell SI.

 

SI finds new publisher, plans to continue print issues