NEW YORK (AP) — Sports Illustrated is being sold for $110 million, but the seller will continue running the iconic magazine under a licensing deal. Authentic Brands Group is buying Sports Illustrated from Meredith Corp. Authentic will handle marketing, business development and licensing functions. That includes licensing the magazine itself back to Meredith, so that […]
WASHINGTON (AP) — Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday. Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer. Meredith had completed the purchase […]
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