Digital media company TheMaven, based in Seattle, has “announced the creation of Sports Illustrated Media, to be run by the veteran media industry executive Ross Levinsohn, a former publisher of The Los Angeles Times,” reports the New York Times.
The story explains that “The digital platform company TheMaven has bought the right to publish Sports Illustrated — digitally and in print — for at least the next 10 years, ending the former owner Meredith’s relationship with Sports Illustrated a few weeks after the landmark magazine’s intellectual property was sold to the Authentic Brands Group, TheMaven and Meredith announced Monday.”
“While the price was undisclosed,” the story says, “a Securities and Exchange Commission filing said that TheMaven had already paid $45 million to Authentic Brands. The two companies will also share revenues.”
The article also notes that Levinsohn “had a rocky tenure at the Los Angeles Times, where he was put on leave after National Public Radio reported he had been the subject of two sexual harassment allegations at earlier jobs. After an investigation found no wrongdoing at the Los Angeles Times, he was reinstated at the newspaper’s then-parent company.
“The top editor of Sports Illustrated, Chris Stone, who started at the magazine in 1992, has been in charge of the editorial side since 2016.”
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