The owner of Sports Illustrated vows to continue the brand after laying off significant amount of staff

Los Angeles Times, Sports Illustrated among media outlets announcing layoffs to start 2024. Several media outlets including Business Insider, LA Times, TIME Magazine and TIME Magazine announced layoffs in January. Media industry facing headwinds as media industry faces headwind. Time Magazine, Business Insider and Sports Illustrated also announced layoffs.

Sports Illustrated's future in jeopardy as 'possibly all' staff will be laid off, union claims. Magazine's publisher missed payment, effectively breaking licensing deal. 'Perhaps all' of its staff could be laid-off, union says. The brand's future is uncertain after publisher missed a payment, breaking licensing agreement.

"possibly all" staff will be laid off, after publisher missed payment, effectively breaking licensing deal. Future of the magazine is uncertain as publisher's publisher missed a payment. Owner vows to continue brand, says "significant" amount of staff will go out of business. Sports Illustrated has been in the news for more than a decade.