Sports Illustrated is a well-known American sports magazine that has been in publication since 1954. It has a rich history of providing in-depth sports coverage, including articles, photographs, and interviews with athletes. Over the years, it has become a staple for sports enthusiasts and has expanded its reach through various digital platforms.
Did Sports Illustrated go out of business? No, Sports Illustrated has not gone out of business. Despite facing financial challenges and changes in ownership, the magazine continues to operate. In recent years, there have been significant changes, including layoffs and a shift in its publication model. However, Sports Illustrated still publishes both its print and digital editions, and its content remains accessible to readers worldwide.
Changes in Ownership
In 2018, Meredith Corporation acquired Time Inc., the parent company of Sports Illustrated. Shortly after, Meredith sold Sports Illustrated to Authentic Brands Group (ABG) in 2019. ABG then licensed the publication rights to The Maven, a digital media company. This series of ownership changes led to restructuring and cost-cutting measures, including layoffs of editorial staff.
Shift in Publication Model
Sports Illustrated has also adapted to the changing media landscape by shifting its focus to digital content. While the print edition is still available, the magazine has increased its online presence through its website and social media platforms. This digital transformation aims to reach a broader audience and provide real-time sports coverage.
Despite these changes, Sports Illustrated remains a prominent name in sports journalism. It continues to cover major sporting events, provide athlete profiles, and offer expert analysis. The magazine’s legacy and commitment to quality sports journalism endure, ensuring that it remains a valuable resource for sports fans.