Iconic US magazine Sports Illustrated gets publishing lifeline [Video]

Sports Illustrated, one of America’s most storied magazines, saw an end to months of limbo Monday as a new 10-year publishing deal was announced.

The periodical had been dragged into a payment dispute between the company that owns the intellectual property rights to it, Authentic Brands Group (ABG), and its publisher, Arena Group.

The latter announced layoffs in January and later said the magazine’s print edition would be axed in the summer.

On Monday, the turmoil appeared to have subsided as Sports Illustrated’s owner said it has chosen a new company to publish the magazine, Minute Media, for a 10 year deal.

The new arrangement is expected to preserve the print edition of the magazine.

London-based Minute Media already owns several sports websites including The Players’ Tribune …