Jamie Salter Buying Sports Illustrated?

by The Editors on April 30, 2019

In the continuing saga of strange zombie brand shenanigans, it is being reported that Authentic Brands, the company that just purchased Volcom is very seriously considering purchasing Sports Illustrated, the fading print magazine known most widely for it’s annual bikini issue, for $110 million, according to a story on Pitchbook.com.

If Authentic Brands ultimately wins the auction, it would keep SI’s print product alive for at least another two years, per retail-focused website WWD. But its bigger play would be licensing SI’s brand, which could reportedly include launching kids’ sports camps and injury rehab clinics. That sort of cross promotion is what Authentic Brands has specialized in while building consumer brands for celebrities such as retired NBA star Shaquille O’Neil and ex-pro golfer Greg Norman. Here’s to hoping this strategy could produce a viable business model to preserve SI’s journalistic aspirations. 

ABG has enough women’s wear brands to pack that bikini issue, and when you look at print advertising costs, it may be cheaper to just buy the magazine. We’ve said it as a joke before, but it’s looking more and more like Jamie Salter really will own everything soon.

[Link: Pitchbook]

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