Latest in Sports Illustrated

The Houston Astros have apologized to a Sports Illustrated reporter for attempting to discredit her story. Astros owner Jim Crane sent SI reporter Stepehanie Apstein a letter on Saturday apologizing for the team, which initially called her report on assistant general manager Brandon Taubman “an attempt to fabricate…

Sports Illustrated is undergoing drastic staff cuts. Today, the venerable media outlet trimmed as many as 40 staff members, according to a story in the Wall Street Journal. Employees were told late today that “their positions were being eliminated,” according to the WSJ.  The cuts could represent as many as half of…

Meredith Corp. has sold Sports Illustrated for $110 million to Authentic Brands Group, a global brand development, marketing and entertainment company that manages Juicy Couture, Nautica, and holds the licensing and trademark rights for celebrities such as Marilyn Monroe, Elvis Presley and Muhammad Ali. Under terms of…

Journalist Peter King has signed an exclusive agreement with NBC Sports Group to bring his insider NFL knowledge to several platforms starting in July. King will leave his longtime home at Sports Illustrated, which is up for sale by new owners Meredith, although he has been a contributor to NBC for some time. King…

Meredith Corp., which bought Time Inc. last year for $1.85 billion, has confirmed plans to lay off 1,200 workers by year-end and explore the sale of four key brands as the integration of the two companies continues. “We have made significant progress executing on these initiatives since we closed on the acquisition…

EXCLUSIVE: ReachMe TV, a multi-channel, multi-platform network that has reach to 100 million total viewers in hotels, airports and retail stores, is launching a dedicated sports division. ReachMe Sports will aim to go “beyond the game,” in the words of ReachMe founders Lynnwood Bibbens and Ron Bloom. The new division…

UPDATE:  Time Inc. has announced its sale to the Meredith Corporation for $18.50 per share in an all-cash transaction valued at nearly $3 billion, coming in at an estimated $2.8 billion. Both company boards finalized the deal this evening. The deal is expected to close in the first quarter of 2018. One of the keys to…

Continuing its grand-scale pivot to video, Time Inc. has launched Sports Illustrated TV, a $4.99-a-month streaming network offering a mix of documentary, narrative and talk programming under the tagline “Because you love sports.” SI TV joins Time Inc.’s previous OTT launch, the ad-supported People TV, and will be…

HBO’s John Oliver-hosted Last Week Tonight said Sunday it can’t figure why the Sports Illustrated Swimsuit Issue still exists, though the answer is obvious, which leaves you wondering whether maybe LWT didn’t have another reason for airing the…