Entire Staff of Sports Illustrated Fired (1 Viewer)

[God is a Husker]

Negative, Ghost Rider. That realm belongs to @God is a Husker.

 

[NSECTA4]

Honestly pretty but no, not snorkeling on that CostCo sized clit.

 

[2010sarenevercoming]

Honestly pretty but no not snorkeling on that CostCo sized clit.

When you take away the photo editing filters that removed the 5 o clock shadow & feminized all the facial features, you'd basically be looking at Max Klinger in real life.

 

[Baron Winnebago]

When you take away the photo editing filters that removed the 5 o clock shadow & feminized all the facial features, you'd basically be looking at Max Klinger in real life.

 

[Papa...Football]

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Pretty sure I have the first one and last one in a file somewhere. Maybe they’re worth something now? Lol.

 

[Toe]

Smells like lawsuits incoming...

Earlier in the month, Arena had defaulted on a $3.75 million quarterly licensing payment, resulting in the termination of its SI deal.

Arena has never explained why it stopped paying to publish Sports Illustrated, but interviews with shareholders and current and former employees suggest that Arena missed the licensing payment by choice, not because it didn’t have the money to make it. The company had about $10 million in cash in December, enough to pay its debts, its licensing fees, and make payroll, according to two people directly familiar with the numbers. Public documents and interviews with other employees show Arena wasn’t running out of money, and the missed payment occurred during the football and holiday season, typically when its revenues were highest.

When Arena announced the mass layoffs at Sports Illustrated, the news was met with shock — including from managers directly familiar with magazine’s financial situation. “The business was growing, and there was no need to miss a licensing payment and cashier the SI staff,” Rob Barrett, the former Arena Group president who’d been dismissed from his job hardly a month earlier, said on LinkedIn a few days later.

Sports Illustrated’s $10 Million Mystery

There was plenty of cash to keep the venerable sports magazine alive. Why did its parent company, Arena Group, choose not to?

nymag.com