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Licensing agreement termination

Sports Illustrated Faces Massive Layoffs as Licensing Agreement Termination Sparks Company Overhaul

Licensing Agreement Termination: On Friday, Sports Illustrated employees received notifications of significant layoffs, some immediate and others imminent within a short timeframe. There’s potential for the complete staff to be gone in three months. Authentic, the licensing group that acquired Sports Illustrated for $110 million from Meredith five years ago, has terminated its agreement with…