Entire staff of Sports Illustrated to be fired

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darthseinfeld

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So what's the story behind this? I am too lazy today to play private detective.
Per WaPo

ABG has owned the magazine since 2019 and sold the publishing rights to a company called the Arena Group. The Arena Group missed a recent payment for those publishing rights, prompting ABG to pull the publishing license and putting the future of Sports Illustrated in jeopardy. “As a result of this license revocation, we will be laying off staff that work on the SI brand,” the note to staff read, adding that some employees would be terminated immediately, while others would work through the end of a 90-day notice period.
 

heir

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So what's the story behind this? I am too lazy today to play private detective.
I heard something that they had a fake AI reporter writing articles or something like that. Didn't pay much attention. Didn't realize it was this big if this is the outcome.
 

John813

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That's brutal, especially in this current economy/everything costs so much to just a roof over your head.
Hoping most of the people laid off get a good severance.
 
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