SI's IP was sold off for $110 Million back in May to Authentic Sports Brands: https://www.nytimes.com/2019/05/27/business/sports-illustrated-sold-meredith.html
Once that happens you expect some shakeups so last night this story was not a shock, up to 50% layoffs slated for today: https://deadspin.com/major-layoffs-are-coming-at-sports-illustrated-today-1838735368?utm_source=deadspin_twitter&utm_campaign=socialflow_deadspin_twitter&utm_medium=socialflow
Then earlier today the meeting to announce the layoffs was canceled last minute: https://deadspin.com/sports-illustrated-cancels-dreaded-transition-meetings-1838743478
Now it appears the layoffs are happening anyway: https://www.thebiglead.com/posts/sports-illustrated-writers-fired-updating-01dp9nwn8qyt
It's sad to see a brand last this get shanked in the courtyard but that is what's happening today.
Not sure of its future but The Maven brand is in control now and it's a mess: https://www.npr.org/2019/10/03/766929743/new-owners-of-sports-illustrated-set-massive-layoffs-journalists-rebel
Once that happens you expect some shakeups so last night this story was not a shock, up to 50% layoffs slated for today: https://deadspin.com/major-layoffs-are-coming-at-sports-illustrated-today-1838735368?utm_source=deadspin_twitter&utm_campaign=socialflow_deadspin_twitter&utm_medium=socialflow
Then earlier today the meeting to announce the layoffs was canceled last minute: https://deadspin.com/sports-illustrated-cancels-dreaded-transition-meetings-1838743478
Now it appears the layoffs are happening anyway: https://www.thebiglead.com/posts/sports-illustrated-writers-fired-updating-01dp9nwn8qyt
It's sad to see a brand last this get shanked in the courtyard but that is what's happening today.
Not sure of its future but The Maven brand is in control now and it's a mess: https://www.npr.org/2019/10/03/766929743/new-owners-of-sports-illustrated-set-massive-layoffs-journalists-rebel