Meredith has dropped its suit against Sports Illustrated operator Maven over unpaid fees, saying the sides have reached an agreement
"We dismissed our suit as we have come to an agreement with them that we are satisfied with."
"We dismissed our suit as we have come to an agreement with them that we are satisfied with."
Meredith is seeking $1,087,065 in damages, plus interest and attorneys' fees.
The Wall Street Journal reported that Authentic Brands' bid of $110 million is currently a "leading contender" for Sports Illustrated.
Sports Illustrated has been on the market for some time, and back in April we wrote about how...
Cole currently teaches journalism at the University of Florida, and has worked for the (Fort Lauderdale) Sun-Sentinel, The Miami Herald, Yahoo and Bleacher Report.
It sounds like Meredith may be asking more for SI than its numbers justify to many buyers.
Sports Illustrated has been emphasizing digital and SI TV for the last while, and these hires look like the latest move along those lines.
Meredith reportedly foresees a robust market for SI.
Other publishers like Tronc, Gannett and Advance Publications might be interested in SI.