'Sports Illustrated' Staff Let Go After ABG Terminates Deal
It’s the potential end of an era for one of the most iconic brands in sports media. Sports Illustrated reportedly will lay off the majority of its staff after its owner, The Arena Group, missed a payment to Authentic Brands Group, which holds the publishing rights for the media brand. Sports Illustrated‘s union confirmed the news on social media. The future of Sports Illustrated is now in question. Things are further complicated by the multiple parties that function in its operation. ABG purchased the publishing rights to the brand in 2019 and expanded its reach to include hotels, casinos, and wellness products. However, not long after, The Arena Group received the license to oversee editorial operations.
Detroit Economy Sees $50M Infusion from Lions Playoff Success
Detroit Lions fans are having a great time this playoff season. Upon securing the franchise’s first home playoff win since 1992, the Lions will face Baker Mayfield and the red-hot Tampa Bay Buccaneers this weekend. Amid the storylines of redemption and success, the Detroit economy has also emerged as a big winner. According to Anderson Economic Group, the team outkicked economic expectations, bringing in over $52 million for combined direct and indirect economic impact. Earlier this year, the city was named one of the best in the league for an NFL game due to the large number of restaurants and bars around Ford Field. Additionally, the consulting group anticipates that the national attention cast on Detroit will enhance the city’s overall reputation, which will have longer-term effects.
Kristin Juszczyk in Talks with NFL Following Taylor Swift’s Jacket & Viral Moment
In 2017, Kristin Juszczyk chose a fashion career over a real estate path. Now, the young designer and wife of the San Francisco 49ers fullback Kyle Juszczyk is on track to land her biggest deal yet. After her designs popped up around the league all season, she is reportedly in conversations with the NFL. Juszvzyk attracted viral attention — and 400K new Instagram followers — after designing a custom Travis Kelce jacket that Taylor Swift sported to the Kansas City Chiefs‘ win over the Miami Dolphins during Wild Card Weekend. Due to the league’s strict licensing rules, the coats are not eligible for mass distribution; Juszczyk has gifted each of her designs to this point. However, a representative from the league confirmed the conversations to Sportico, saying, “We’re continuing to explore opportunities to work together.”
USWNT Standout Sam Mewis Retires from Pro Soccer, Joins 'Men in Blazers' Staff
Sam Mewis changed the game of women’s soccer in the United States. But all good things must come to an end, as the 31-year-old star and three-time NWSL champ announced she is stepping away from the pitch after multiple knee injuries. Mewis confirmed the news on Friday. However, with the end of one chapter comes the beginning of a new one. Mewis will serve as the Editor-in-Chief of the Men in Blazers’ vertical, The Women’s Game, featuring a slate of podcasts, a YouTube presence, and more. Additionally, she’ll bring over her best friend and former NC Courage and USWNT teammate Lynn Williams for a new show. The duo previously co-hosted the podcast Snacks for Just Women’s Sports.
Reddit on Track for Long-awaited IPO in March
After much anticipation, Reddit is reportedly headed for an IPO in March. If so, it will mark the first social media IPO since Pinterest went public in 2019. CNBC reports that the company will file its financial paperwork by the end of February to launch the IPO by the end of the following month. In total, Reddit is expected to offer 10% of its shares in the public offering. Alexis Ohanian and Steve Huffman founded the wildly popular site in 2005.
Apple Opens Vision Pro Presales; Netflix, Spotify & YouTube Won't Be Included
After much anticipation, the Apple Vision Pro headset is ready for its debut — presales for the $3,499 headset went live on Friday. However, it’s not all good news for the Cupertino brand. Netflix, Spotify, and YouTube have each confirmed that they will not offer custom experiences on the headset. Ahead of its launch, Boardroom’s Michelai Graham breaks down everything that you need to know about the headset and what sets it apart from its competitors already available on the market.