Minute Media Takes Over Sports Illustrated Publishing, Plans to Continue Print Magazine

Minute Media secured publishing rights to Sports Illustrated after previous partner Arena Group had financial issues and laid off SI employees.

Minute Media plans to continue printing SI magazine, which Arena Group said would end, and rehire some laid off employees.

Authentic Brands Group, which owns SI brand, announced a 10-year publishing deal with Minute Media, with option to extend 20 more years.

Minute Media owns other sports sites like The Players' Tribune and FanSided.

Authentic Brands Group will acquire an equity stake in Minute Media as part of the deal.