Majority stake in Sports Illustrated publisher Arena Group reportedly sold to 5 Hour Energy founder
Sports Illustrated will once again have a new majority owner.
Sports Illustrated will once again have a new majority owner.
Group Black has previously been linked to bids for other media companies, but hasn't acquired any outright yet.
There are 17 layoffs in total here, but 12 new positions posted. There are also shifts in editorial structure.
As per SEC filings, ABG made nearly $500 million last year from various licensing deals.
The Spun joins Sports Illustrated and FanNation in Maven's sports portfolio.
The Houston Texans are a mess.
Investors Bryant Riley and Kevin Rendino are calling for a new Maven board.
"We dismissed our suit as we have come to an agreement with them that we are satisfied with."
Maven is making significant changes to its SI-branded team sites, including eliminating publishers' guaranteed pay and parting ways with more publishers.
Levinsohn was previously the CEO of Sports Illustrated's media side under Maven. Before that, he was publisher and CEO of The Los Angeles Times, but eventually left there after staff protests about his past behavior.
"Please take down the tweet that you put out. We are still paying you (will get paid at end of Sept for August work) and are asking you delete it. Thank-you. Mark."