Meredith Sells Sports Illustrated Brand to Authentic Brands Group
Meredith, which took over Time, Inc. in 2017 for $2.8 billion, has agreed to sell its Sports Illustrated brand to Authentic Brands Group, which will have the rights to key events like Sportsperson of the Year and properties like the swimsuit issue while Meredith will continue to produce the magazine under a new licensing arrangement. ABG said it expected to also produce new events, e-sports ... Log in to view full article.