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Sports Illustrated magazine sold for $110 million

Updated : May 29, 2019 12:03 PM IST

The seller, Meredith Corp., will continue running the print edition and the website SI.com for at least two years.
Its editor and publisher are staying on, and the magazine will have editorial independence.
It's not clear what will happen after two years, though it's possible Meredith and the new buyer, Authentic Brands Group, could extend their licensing deal.
Sports Illustrated magazine sold for $110 million
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