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International Business Times
International Business Times
Sport
AFP News

Sports Illustrated Magazine Lays Off Staff

SI ARENA United States Arena Group The Arena Group NBA Michael Phelps ABG Authentic
US swim star Michael Phelps, left, and Milorad Cavic hold a famous Sports Illustrated photo of their 100m butterfly photo finish, in which Phelps won gold at the 2008 Olympics, a sign of the iconic nature of the magazine which had its staff fired (Credit: 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.

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