This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group [previously The Maven] stewardship. We are calling on [Authentic Brands Group] to ensure the continued publication of SI and allow it to serve our audience in the way it has for nearly 70 years.
The Company, which has substantial debt and recently missed payments, is completing these cost-cutting measures to initiate a transformative shift towards a streamlined business model.
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