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☆ I've been living in Spain for 12 years. I've stopped dating locals because too much gets lost in translation.
▼ + stars: | 2024-05-10 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +4 min

"Say something to me in Spanish," said my date in the small Catalan city where I've lived since 2016. It's an inevitable part of the first date scenario I've come to hate while dating in Spain. Navigating the apps with my level of Spanish is easy, and I can even manage whole dates. But it wasn't the first time I've been mocked for speaking Spanish in a supposedly romantic context. Debating something complex in Spanish is beyond my language level, but I also know I'll sound rude if I disagree using the blunt language tools I do have.

Persons: I've, It's, I'm, it's, I'd, There's, Nate Young, Marie Sklodowska, Young, Queen Mary , Organizations: Curie, University of Oslo, Queen Mary, Queen Mary , University of London Locations: Spain, Madrid, Barcelona, Mexican, Queen

☆ Digital ad firm The Croud Group is actively on the hunt for a new private-equity investor
▼ + stars: | 2024-05-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

UK digital marketing firm The Croud Group is working with the investment bank GP Bullhound to search for a new private-equity investor, according to multiple sources familiar with the matter. Croud is already PE-backed, having taken on a 30 million pound, or around $28 million, minority investment from LDC in 2019. This story is available exclusively to Business Insider subscribers. But unlike some of its closest competitors, Croud hasn't been particularly acquisitive since it took on LDC's investment in 2019. "The valuation expectations would have been very high for Croud," Rosie McKeith, SI Partners director, told Business Insider.

Persons: Bullhound, Croud, Luke Smith, Smith, Ben Knight, Greg Paull, it's, Croud hasn't, Rosie McKeith, McKeith, OakNorth Organizations: Business, OakNorth Partners, HSBC, Campaign, Harvest, Croud, Ford, Guinness, Impakt Advisors, Partners Locations: LDC, Ford Europe, Dubai, OakNorth

☆ Volkswagen Group CEO Pablo Di Si: EV segment is slowing down
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVolkswagen Group CEO Pablo Di Si: EV segment is slowing downPablo Di Si, Volkswagen Group CEO, joins CNBC’s ‘Power Lunch’ to discuss electrical vehicles sales in the US and Europe, consumer infrastructure, renewable energy, and more.

Persons: Pablo Di Si Organizations: Volkswagen, Volkswagen Group Locations: Europe

☆ Goldman Sachs: China A-shares could rise 40%, but investors should remain selective
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs: China A-shares could rise 40%, but investors should remain selectiveSi Fu of Goldman Sachs explains the potential upside for Chinese stocks if the CSRC's reform policies can be implemented successfully.

Persons: Goldman Sachs, Fu Locations: China

☆ After 70 Years, Si Lewen’s Wrenching ‘Parade’ Marches On
▼ + stars: | 2024-04-18 | by ( Will Heinrich | ) www.nytimes.com time to read: 1 min

At the very beginning of Si Lewen’s “The Parade,” the series of untitled antiwar works on artist’s board that forms the pulsing heart of a new exhibition curated by the cartoonist Art Spiegelman, four sketchy, ecstatic boys and girls stride into the endless possibility of unmarked white gesso. In the second panel, a family leaning out their window catches sight of someone waving a flag. The flag itself is also faint and white, but the family is surrounded by an ominous black shadow. And as that single flag turns into a parade, and the parade acquires rifles, swords, black banners and German helmets, Lewen’s painting and drawing — he made “The Parade” around 1950 with a mix of crayon, ink, paint and graphite — gets denser and darker.

Persons: Art Spiegelman

☆ Helicopter rescues Taiwan miners as earthquake injuries cross 1,000
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: +3 min

A person walks past an area of a damaged building that is cordoned off following the earthquake on April 04, 2024 in Hualien, Taiwan. A helicopter ferried to safety six miners trapped on a cliff in a dramatic rescue after the quake cut off the roads into Hualien's soaring mountains, in footage shown by the department. People in largely rural and sparsely populated Hualien county were readyingto go to work and school when the earthquake struck offshore on Wednesday. Dozens of residents queued outside one badly damaged 10-storey building, waiting to go in and retrieve belongings. She recalled the moment the quake struck, sending the building lurching and furniture sliding, while she rushed to save the four puppies she keeps as pets.

Persons: Yu, Tian Liang, I'm Organizations: Reuters Locations: Hualien, Taiwan, Taipei

☆ Wall Street is getting nervous about Tesla
▼ + stars: | 2024-04-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why Wall Street is getting nervous about Tesla . South China Morning PostEarnings season is approaching, and Wall Street's already ringing the alarm on a high-profile company. AdvertisementTesla won't report its full earnings until later this month, but Wall Street is preparing for trouble. One analyst called it a "nightmare" quarter for the company, while another firm labeled Tesla "a growth company with no growth." One strategy is getting more Tesla drivers subscribed to its Full Self-Driving software, which can run $199 monthly.

Persons: —, Wall, Insider's Beatrice Nolan, Tesla, It's, that's, Elon Musk, ANDERSEN, Alyssa Powell, Donald Trump's, Ken Griffin's, Claire Merchlinsky, MoviePass, Ted Farnsworth, Manoj Bhargava, Putin, Elvira Nabiullina's, Forbes, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Tesla, China, Bloomberg, Nvidia, Meta, Microsoft, Apple, Getty, BI Trump Media, SEC, Citadel, BI, Street Journal, Authentic Brands, Energy, Bank of Russia, The Locations: China, Russia's, Connecticut , Delaware , New York, Rhode Island, Wisconsin, New York, London

☆ Nuclear fusion experiment sets record for time at 100 million degrees Celsius
▼ + stars: | 2024-04-01 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

Often referred to as the holy grail of climate solutions clean energy, fusion has the potential to provide limitless energy without planet-warming carbon pollution. KSTAR’s work “will be of great help to secure the predicted performance in ITER operation in time and to advance the commercialization of fusion energy,” Si-Woo Yoon said. This announcement adds to a number of other nuclear fusion breakthroughs. But commercializing nuclear fusion still remains a long way off as scientists work to solve fiendish engineering and scientific difficulties. Nuclear fusion “is not ready yet and therefore it can’t help us with the climate crisis now,” said Aneeqa Khan, research fellow in nuclear fusion at the University of Manchester in the UK.

Persons: Woo Yoon, ”, Aneeqa Khan, Angela Dewan Organizations: CNN — Scientists, KSTAR Research, Korean Institute of Fusion Energy, CNN, International, Reactor, Lawrence Livermore, Oxford, University of Manchester Locations: South Korea, France, United States

☆ 5-Hour Energy billionaire Manoj Bhargava sued by the owner of Sports Illustrated for $49 million after a tumultuous takeover
▼ + stars: | 2024-04-01 | by ( Jack Newsham | ) www.businessinsider.com time to read: +5 min

The owner of the Sports Illustrated brand filed a lawsuit Monday against the magazine's old publisher. The Arena Group lost SI, its crown jewel, after 5-Hour Energy owner Manoj Bhargava took control. In a lawsuit, Authentic Brands Group says Bhargava threatened to "go nuclear" and seeks $49 million. "ABG does not comment on pending litigation," a spokesperson for Authentic Brand Groups said. AdvertisementBhargava and Arena Group also declined to comment.

Persons: Manoj Bhargava, Bhargava, —, ABG, Ross Levinsohn, steamroll, Rob Barrett, Ron Wyden, Brooks, Derek Jeter Organizations: Sports Illustrated, Group, Energy, Authentic Brands, Service, Illustrated, Arena Group, Sports, Authentic, Arena, NCAA, Brand Groups, Reebok, Brooks Brothers, Media, Players ' Tribune, SI.com Locations: Michigan, Swiss

☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Tesla, Apple, CyberArk, Grindr, Estee Lauder & more
▼ + stars: | 2024-03-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Wells Fargo reiterates Bank of America as overweight Wells Fargo raised its price target on Bank of America to $44 per share from $40. HSBC downgrades Bank of America to hold from buy HSBC downgraded Bank of America mainly on valuation. Benchmark reiterates Nvidia as buy Benchmark said it's standing by its buy rating on Nvidia. Bank of America reiterates Amazon as buy Bank of America said it's bullish on Amazon's investments in AI. "We are initiating coverage on CYBR with a Buy rating and a $317 PT."

Persons: Wells Fargo, Bernstein, it's, Goldman Sachs, Tesla, Goldman, Piper Sandler, Piper, Clark, Kimberly, Claude, Estee Lauder, BTIG, TD Cowen, Cowen, Grindr, William Blair, Bentley, Morgan Stanley, JPMorgan, KeyBanc, Oppenheimer, Monness Crespi Hardt downgrades Palantir, Palantir Organizations: Bank of America, FDIC, Apple, HSBC downgrades Bank of America, HSBC, of America, PNC, Tesla, EV, Kimberly, Nvidia, Amazon, Bentley Systems, Allstate, JPMorgan, Major Pharma, Citi, Boeing, Barclays, Meta, SNAP Locations: mkts, DraftKings

☆ The ex-CEO of former Sports Illustrated publisher Arena Group is suing his old firm for $20 million, claiming he was fired for trying to stop it from breaking the law
▼ + stars: | 2024-03-25 | by ( Jack Newsham | ) www.businessinsider.com time to read: +3 min

Ross Levinsohn ran the Arena Group, which published Sports Illustrated, and was fired by its new owner. Related storiesThe Arena Group, which until recently published SI and still owns brands like Men's Journal and Parade, was on the path to profitability, Levinsohn claimed. (Arena Group faced harsh criticism over its use of AI-generated content under Levinsohn's leadership.) AdvertisementA spokesman for Bhargava and the Arena Group, Steve Janisse, said he couldn't immediately comment. BI's previous coverage of Bhargava and Arena Group was based on interviews and documents.

Persons: Ross Levinsohn, Manoj Bhargava's, Levinsohn, hasn't, —, Manoj Bhargava, Bhargava, Cavitt Randall, Steve Janisse, couldn't, Randall, Chris Fowler Organizations: Group, Service, Arena Group, Sports, Energy, SI, Sports Illustrated, Men's

☆ Google and Apple's rumored partnership could upend the AI industry
▼ + stars: | 2024-03-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what a potential partnership between Google and Apple over AI features would mean for both companies and the wider industry. The big storyGoogle, Apple, AIRebecca Zisser/BITwo of the world's biggest tech companies are reportedly discussing a partnership that would upend the AI industry. Apple is considering integrating Google's AI model, Gemini, into the iPhone . The company has been noticeably quiet around its AI plans compared to peers like Google, Microsoft, Meta, and Amazon. So even if Apple and Google come to an agreement, they could still face some serious regulatory pushback.

Persons: —, hasn't, Rebecca Zisser, Mark Gurman, Sundar Pichai, Apple, it's, Tim Cook, Google's Gemini, Insider's Hasan Chowdhury, BI's Phil Rosen, Mike Coppola, Jerod Harris, Grzegorz Wajda, Chelsea Jia Feng, It's, OpenAI, Stephanie Cohen, Goldman Sach's, Goldman Sachs, Jenny Chang, Rodriguez, Goldman, Josh Edelson, Chip Somodevilla, TikTok, Jensen Huang, Blackwell, Alyssa Powell, elbowed, Manoj Bhargava, Steve Huffman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Google, Apple, Business, Gemini, Microsoft, Meta, Google's, Getty, Vox Media, Getty Images, Department of, Big Tech, Wall, Cloudflare, Bank of Japan, SXSW, Nvidia, Sports Illustrated, Arena Group Locations: AFP, Woodstock, Arizona , Florida , Illinois , Kansas, Ohio, New York, London

☆ Sports Illustrated to avert shutdown as it gets a fresh start under new publisher
▼ + stars: | 2024-03-18 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

In January, The Arena Group, which had published Sports Illustrated since 2019, stopped paying Authentic its licensing fee for publishing rights. Minute Media said that while it will continue the print edition of the magazine, it hopes to also usher Sports Illustrated into a lucrative digital future. “The weight and power of that distinction cannot be understated.”Minute Media will work to retain most of the Sports Illustrated staff, a person familiar with the matter said. “We have said from the start that our top priorities are to keep Sports Illustrated alive, uphold the legacy of the institution and protect our union jobs. We look forward to discussing a future with Minute Media that does that,” Emma Baccellieri, staff writer for SI and vice chair for the SI Union, said in a statement.

Persons: Asaf Peled, ” Peled, Peled, ” Emma Baccellieri Organizations: New, New York CNN —, Authentic Brands, The New York Times, Sports Illustrated, Group, Media, Players ’ Tribune, FanSided, Minute Media, SI, Arena, Sports Locations: New York

Sports Illustrated will continue operations after the company that owns the brand agreed with a new publisher for its print and digital products. Minute Media took over on Monday after reaching a licensing agreement with Authentic Brands Group. Authentic had been in negotiations with Arena, Minute Media and other publishing entities over the past two months. Authentic will acquire an equity stake in Minute Media, which also publishes the online sites The Players’ Tribune, FanSided and 90min. “In Minute Media, we have found a partner that will honor SI’s lauded legacy and exceed fan expectations for the future.

Persons: Asaf Peled, Stephen Cannella, ”, Emma Baccellieri, Ross Levinsohn, Meredith, Marilyn Monroe, Elvis Presley, Muhammad Ali, “, SI’s, ” Daniel W, David Bauder, ___ Organizations: Media, Authentic Brands, Minute Media, Players ’ Tribune, FanSided, “, SI, Associated Press, Sports, Group, Meredith Publishing, Time Inc, Reebok, Sports Illustrated, Associated Press Media

☆ How the billionaire creator of 5-Hour Energy's erratic takeover led to a fumble of Sports Illustrated
▼ + stars: | 2024-03-17 | by ( Jack Newsham | Jake Swearingen | ) www.businessinsider.com time to read: +12 min

A week earlier, he had become a large minority shareholder at The Arena Group, but had no official title. The company Bhargava claimed to be taking over was so poorly run that he questioned the intelligence of those in the meeting. He also said Bhargava was talking about his charitable endeavors in order to underscore his priorities to Arena Group employees. Media, Bhargava said in the meeting, was "biased." Days later, Bhargava sacked Arena Group CEO Ross Levinsohn, too, causing Levinsohn to angrily resign from the board.

Persons: —, Manoj Bhargava, Bhargava, Zoom, I'm, Steve Janisse, Vince Bodiford, Bodiford, Ross Levinsohn, Levinsohn, Rob Barrett, doesn't, ABG, Jamie Salter, Forbes, Janisse, Nielsen, Arena's, Riley, toh, Manoj, there's Organizations: Service, Arena Group, Energy, The, Business, Sports, Media, Arena, Authentic Brands, Washington Post, Princeton, IRS, United, United States Tax, Bridge Media, Sports Illustrated, Hans Foundation, International, Group, toh e New York Times, New York, Players ' Tribune, Office, BI Locations: NewsNet, India, United States, Michigan, toh e

☆ EV euphoria is dead. Automakers trumpet consumer choice for U.S. car shoppers
▼ + stars: | 2024-03-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

Andrew Merry | Moment | Getty ImagesDETROIT — The buzz around electric vehicles is wearing off. U.S. EV sales were a record 1.2 million units last year, representing 7.6% of the overall national market, Cox Automotive estimates. "Moving on to less tech-savvy buyers will slow the EV market share growth over the next few years." Automakers wanted to emulate Tesla's success, with some promising to exclusively offer EVs in the not-too-distant future. "Toyota is almost completely absent from the [battery electric vehicle] market yet will gain more U.S. market share than any other car company this year.

Persons: hasn't, Andrew Merry, Aston Martin, Tesla, Elon Musk, Marin Gjaja, Ford, Pablo Di Si, Sam Fiorani, Romeo, Bentley, Mary Barra, there's, Cadillac, John Roth, We've, Gjaja, Jim Farley, Rebecca Cook, Oliver Blume, Akio Toyoda, Morgan Stanley, Adam Jonas, It's, Biden, Cox, Michelle Krebs, EVs, Trisha Jung Organizations: DETROIT, EV, Ford Motor, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, CNBC, GM, Hyundai Motor, Kia, Toyota Motor, VW, U.S, Cox Automotive, AutoForecast Solutions, Volvo, Buick, Cadillac, Honda, Ford Motor Co, Ford, Amperex Technology, Toyota, Cox, Tesla, Nissan, Nissan U.S, Environmental Protection Agency, Alliance for Automotive Innovation, American Automotive, Detroit automakers Locations: EVs, Europe, U.S, North America, Warren , Michigan, Detroit, Marshall , Michigan, Romulus , Michigan

☆ Taylor Swift is making Singapore a mountain of money, and some of the country's neighbors are salty about it
▼ + stars: | 2024-03-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

Edwin Tong, Singapore's culture minister, told local outlet Mothership on February 28 that the amount of grant given "is not what is being speculated online." As Tong, the Singapore culture minister, told Mothership, the city-state is looking "beyond just the economic impact" of Swiftonimics. Economists estimate that Swift's concerts in Singapore could contribute up to 500 million Singapore dollars, or $372 million, in tourist receipts. AdvertisementIt's a different story for spending on experiences — and it's heightened because Singapore is Swift's only stop in Southeast Asia. Mann said the people who have money to pay for flight tickets, Swift's concert tickets, and a hotel are likely to keep spending at other tourist spots.

Persons: —, Taylor Swift, Srettha, Edwin Tong, Swift, it's, Yun Liu, Tong, Kevin Cheong, David Mann, Mann, Coldplay, Si Ying Toh, Cheong, Joey Salceda, Sandiaga Salahuddin Uno Organizations: Service, Business, HSBC, Asia Pacific, Mastercard, Nomura, Philippine Star, Bloomberg, Vegas Locations: Singapore, Southeast Asia, British, Thailand, Bangkok, Indonesia, Sands

☆ Economic boost from Taylor Swift's Eras Tour could be overstated, Nomura warns
▼ + stars: | 2024-02-23 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The devil's in the details, but local economies have a friend in Taylor Swift. Her tour undoubtedly helped the local economies she visited, according to a new report out from Japanese investment bank Nomura. From that, the consumer price index for the Illinois city increased 0.5 percentage points from the singer's visit alone. Internationally, small economies such as Singapore and Sweden could see the biggest macro boosts from her tour, according to Toh. Swift's tour is set to conclude near the end of 2024.

Persons: Taylor Swift, Nomura, Si Ying Toh, Toh Organizations: Federal Reserve, Wall, Nomura, Disney, CNBC PRO Locations: American, Chicago, U.S, Illinois, Japan, Singapore, Sweden

☆ Opinion: Jon Stewart’s brilliant return
▼ + stars: | 2024-02-13 | by ( Opinion Bill Carter | ) edition.cnn.com time to read: +13 min

Jeff Kravitz/FilmMagic/Getty Images Stewart waves goodbye backstage after taping the last episode of "The Jon Stewart Show" in 1995. M. Caulfield/WireImage/Getty Images Stewart appears on an episode of CNN's "Crossfire" with Paul Begala, left, and Tucker Carlson in 2004. Ethan Miller/Getty Images Stewart signs an autograph on the Emmys red carpet in 2009. Zach Gibson/Getty Images Stewart appears on "The Late Show with Stephen Colbert" in 2019. Scott Kowalchyk/CBS/Getty Images Stewart smiles as Senate Majority Leader Mitch McConnell walks by him on Capitol Hill in 2019.

Persons: Bill Carter, CNN —, Bill Carter Bill Carter, Jon Stewart, ” Stewart’s, Stewart, “, ”, Joe Biden, Travis Kelce, ” Stewart, —, Abdel Fattah el, Biden, ” Jon Stewart, Victoria Will, College of William & Mary, William, Mary Athletics Stewart, Conan O'Brien, Lesly Weiner, Mike Piazza, Jeff Kravitz, Catherine McGann, Ron Galella, Jennifer Beals, Guillermo Diaz, Universal Pictures Stewart, Tracey McShane, Steve Eichner, Adam Sandler, Corey Sipkin, Paul Begala, Tucker Carlson, CNN Stewart, Stephen Colbert, Colbert, Scott Gries, Todd Plitt, Rob Corddry, Ed Helms, Samantha Bee —, Ethan Miller, Kevork Djansezian, Mark Peterson, Bill Kotsatos, Nathan, Maggie, Tomorrowland Speedway, David Roark, Benjamin Lowy, Bill O'Reilly, Jamie McCarthy, Valentino, Tracey, Jo, Anne McArthur, Barack Obama, Pete Souza, Trevor Noah, Noah, Brad Barket, Comedy Central Stewart, Alex Wong, Rossum, James Devaney, John Feal, Zach Gibson, Scott Kowalchyk, Mitch McConnell, McConnell, Bill Clark, Twain, Kevin Wolf, Matt Wilson, Donald Trump, Biden’s forgetfulness, Trump, Jack Paar, Dulcé Sloan Organizations: The New York Times, CNN, HBO, Comedy Central, “ CBS, Super, College of William &, Mary Athletics, MTV, Getty, Miramax, Everett, Universal Pictures, Sony Pictures, Television Critics Association, Caulfield, MTV Networks, Comedy, Tomorrowland, Walt Disney, Disney, Cancer Moonshot Initiative, New York Knicks, FealGood, CBS, Kennedy Center, Performing Arts, Daily, Democratic, Biden Locations: TikTok, Gaza, Mexico, Egypt, Williamsburg , Virginia, New York, Washington , DC, Florida, Washington ,, Pennsylvania

☆ Si Spiegel, War Hero Who Modernized Christmas Trees, Dies at 99
▼ + stars: | 2024-02-08 | by ( Sam Roberts | ) www.nytimes.com time to read: 1 min

Before he became known as the father of artificial Christmas trees, Si Spiegel was a valiant Army aviator. In the closing days of World War II, he was piloting his B-17 Flying Fortress in an armada of 1,500 Allied bombers that pummeled Berlin. Struck by antiaircraft flak, two of the plane’s four engines lost power as Mr. Spiegel reversed course to return to England. Rather than bail out over Germany and risk being captured as a prisoner of war — especially given that he was Jewish — Mr. Spiegel managed to crash-land in Soviet-occupied Poland. After being stuck there for weeks, he improvised a daring escape, using parts of his own plane to jury-rig another B-17 that had crashed nearby, then flying to an American base in Italy.

Persons: Si Spiegel, Spiegel Locations: Berlin, England, Germany, Soviet, Poland, Italy

☆ I've spent months in Thailand. Here are 6 things everyone should do there.
▼ + stars: | 2024-01-20 | by ( Dominique Mills | ) www.businessinsider.com time to read: 1 min

Visit Bua Thong Waterfall — aka "The Sticky Waterfall." Because of the limestone deposits, the waterfall isn't slippery. Dominique MillsBua Thong Waterfall, more commonly known as The Sticky Waterfall, is a famous multitiered, limestone waterfall in Thailand. The waterfall's uniqueness is alluded to in its nickname. Due to the dense limestone deposits, you can effortlessly ascend and descend without slipping.

Persons: Dominique Mills, Chiang Mai Locations: Thailand, It's, Lanna, Chiang

☆ Mass layoffs hit Sports Illustrated staff
▼ + stars: | 2024-01-19 | by ( Rob Wile | ) www.cnbc.com time to read: +2 min

The publisher of Sports Illustrated is laying off much of the storied magazine's entire staff. The news, first reported by Front Office Sports, came less than 24 hours after publisher The Arena Group announced "a significant reduction in its workforce," comprising 100 employees. According to FOS, Sports Illustrated's parent company, Authentic Brands Group, has sought to revoke Arena's license to publish SI after Arena missed a payment. The union representing SI's staff said in a tweeted statement that it had been notified of Arena's intention to "lay off a significant number, possibly all" of its union-represented staff. "This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group (previously The Maven) stewardship," the union said in a statement.

Persons: Richard Deitsch, Long, Ross Levinsohn, Manoj Bhargava, Bhargava Organizations: Sports Illustrated, Front Office Sports, Arena, Authentic Brands, The, Arena Group, SI, Authentic Brands Group, NBC News, Time Inc, Meredith Corp, Better Homes, Gardens, Sports, Innovations Ventures, Men's, Sports Illustrated Resorts Locations: Dominican Republic

In an email to employees Friday morning, the Arena Group, which operates Sports Illustrated and related properties, said that Authentic Brands Group has revoked its marketing license. “As a result of this license revocation, we will be laying off staff that work on the SI brand,” the email said. Sports Illustrated's employee union said in a statement that the layoffs would be a significant number and possibly all, of the NewsGuild workers represented. Less than a year later, Meredith sold the magazine's intellectual property to Authentic Brands Group for $110 million. Once a weekly publication, SI was reduced to biweekly publishing in 2018 and became a monthly in 2020.

Persons: Mitch Goldich, Ross Levinsohn, Meredith, ABG, Marilyn Monroe, Elvis Presley, Muhammad Ali, ___ Organizations: Sports, Arena Group, Authentic, Authentic Brands, SI, Group, Meredith Publishing, Time Inc, Reebok Locations: ABG

☆ Sports Illustrated lays off most, possibly all, of its staff
▼ + stars: | 2024-01-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —The future of Sports Illustrated was uncertain Friday after the publisher of the iconic magazine and website laid off most or “probably all” of its guild-represented staff, its union said. In a memo sent to staff viewed by CNN, the magazine’s publisher said it is “laying off staff that work on the SI brand.”Authentic Brands Group has owned the magazine and website since 2019. “This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group (previously The Maven) stewardship,” the union said in a statement on X. The union said it expects the Arena Group to honor its union contract and for all of its employees to be treated fairly. Levinsohn was replaced, effective immediately, by interim chief executive Manoj Bhargava, the 5-Hour Energy founder who owns a majority stake in The Arena Group, said Vince Bodiford, a spokesperson for Bhargava.

Persons: ABG, Manoj Bhargava, Mitch Goldich, It’s, Ross Levinsohn, Levinsohn, Vince Bodiford, Bhargava, CNN’s Oliver Darcy, Liam Reilly Organizations: New, New York CNN, Sports, CNN, SI, Arena Group, Sports Illustrated, ”, Hour Energy, Group, The Locations: New York

Johnson’s 29 on the front nine was the lowest nine-hole score in his 493 career PGA Tour starts, and he needed only 10 putts to do it. “La Quinta Country Club is legitimately one of the purest places we play on the PGA Tour year-in, year-out,” Johnson said. The 41-year-old 10-time European Tour winner is still seeking his first PGA Tour title. This course is beautiful.”Hoey — the Philippines-born, Rancho-Cucamonga-raised product of USC — excelled in his fourth PGA Tour start. Hoey is among the 30 American Express participants who earned their PGA Tour cards from last year's Korn Ferry Tour.

Persons: — Zach Johnson, Johnson, Sweden's Alex Noren, “, ” Johnson, I’ve, outdid, Rico Hoey, Christiaan Bezuidenhout, Patrick Cantlay, Xander Schauffele, Justin Thomas, Australia's Min Woo Lee, Si Woo Kim, ” Noren, ” Hoey, USC —, Hoey, Korn, ”, ” Thomas, hasn't, Scottie Scheffler, Rickie Fowler, Wyndham Clark, Bob Hope, ___ Organizations: Ryder, American Express, La Quinta Country, Quinta Country, PGA, USC, Southern California, Nicklaus, Quinta Locations: QUINTA, Calif, U.S, Coachella, Quinta, Philippines, Rancho, Cucamonga, Palm

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