Sports Illustrated magazine lays off staff
New York (AFP) - Staff at Sports Illustrated, the famed American sports magazine that became a fixture for athletes and fans, were laid off on Friday by publisher The Arena Group, according to the SI employees union. Arena group missed a licensing rights payment to brand owner Authentic Brands Group (ABG), which ended its deal with Arena, prompting layoff notices being sent. "Earlier today, the workers of Sports Illustrated were notified that The Arena Group is planning to lay off a significant number, possibly all, of the Guild-represented workers at SI, a result of ABG revoking Arena's licen...