NEW YORK (AP) — Sports Illustrated magazine has been sold for $110 million to a company that specializes in managing fashion, entertainment and sports brands, including marketing rights to Shaquille O’Neal and Muhammad Ali.
The seller, Meredith Corp., will continue running the print edition and the website SI.com for at least two years under a licensing deal. Its editor and publisher are staying on, and the magazine will have editorial independence.
It’s not clear what will happen after two years.
