Sports Illustrated magazine sold for $110M
Sports Illustrated is being sold for $110 million, but the seller will continue running the iconic magazine under a licensing deal.Authentic Brands Group is buying Sports Illustrated from Meredith Corp.Authentic will handle marketing, business development and licensing functions. That includes licensing the magazine itself back to Meredith, so that Meredith ...
Meredith to sell Fortune brand for $150 million
Media and publishing giant Meredith Corp. says it is selling its Fortune brand for $150 million in cash to Fortune Media Group.The deal, subject to regulatory approval, is expected to close by the end of the year. Meredith said Friday it will use the proceeds to pay down debt.Fortune Media ...
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