Minute Media, a sports-focused digital media publisher, has reached a 10-year licensing deal for digital and print rights to publish Sports Illustrated.
Why it matters: The deal puts an end to a tumultuous two months that had left the fate of the venerated sports outlet up in the air.
Zoom in: Financial terms were not disclosed but Sports Illustrated’s owner Authentic Brands Group will take a stake in Minute Media, per a press release Monday.
Catch up quick: The Arena Group, a publicly traded digital holding company, acquired the rights to publish Sports Illustrated from Authentic Brands Group in 2019.
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