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Sports Illustrated’s Publisher Lays Off Most Of Its Staff, Union Says

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Sports Illustrated’s Publisher Lays Off Most Of Its Staff, Union Says

The future of Sports Illustrated was unknown Friday after the popular magazine and website’s owner laid off most or “probably all” of its guild-represented employees, according to its union.

The magazine’s owner announced in a memo that it is “laying off staff that work on the SI brand.”

Since 2019, Authentic Brands Group has owned both the magazine and the website. According to the publisher’s memo, it sold the publishing rights to Arena Group, but the company failed to pay for them recently, prompting ABG to revoke them.

“This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group (previously The Maven) stewardship,” a statement released by the union said. “We are calling on ABG to ensure the continued publication of SI and allow it to serve our audience in the way it has for nearly 70 years.”

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Sports Illustrated’s Publisher Lays Off Most Of Its Staff, Union Says

Arena Group and a spokeswoman for Manoj Bhargava, the founder of 5-Hour Energy and majority shareholder in Arena Group, did not immediately respond to a request for comment.

The union expects ABG to honour its union contract and treat all of its employees properly.

“We have worked as a union to keep the calibre of this stories publication, which we adore, and to ensure that our employees are appropriately compensated for the value they offer to the organisation. “It is a fight we will not give up,” said Mitch Goldich, NFL editor and unit chair, in the union statement.

It’s been a challenging few months for one of the most well-known brands in sports media, and the brand’s future remains to be determined.

Ross Levinsohn, CEO of Sports Illustrated, was sacked by the Arena Group in December following an embarrassing incident where the magazine was caught publishing pieces using phoney author names and profile photographs created by artificial intelligence.

sports

Sports Illustrated’s Publisher Lays Off Most Of Its Staff, Union Says

According to Vince Bodiford, Manoj Bhargava, the founder of 5-Hour Energy and the majority owner of The Arena Group, immediately took over as CEO.

The magazine is a popular sports magazine known for its in-depth coverage of various sports, including football, basketball, and baseball.

The magazine features exclusive interviews with athletes, insightful analysis of games and matches, and captivating photography that brings the sports action to life.

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Sports Illustrated’s Publisher Lays Off Most Of Its Staff, Union Says

With a strong focus on storytelling, the magazine provides sports fans with engaging and informative content that captures the excitement and drama of the sports world.

Whether it’s uncovering the personal journeys of athletes or examining the latest developments in the sports industry, Sports Illustrated delivers compelling sports coverage to its readers.

SOURCE – (CNN)

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

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Employees at Boeing will vote on whether to authorize a Possible Strike.

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(VOR News) – In the event that ongoing contract negotiations fail, tens of thousands of hourly Boeing employees were summoned to a vote in Seattle on Wednesday. It is expected that the vote will ratify a potential walkout.

“What can you do to get a good contract?” Local 751 of the International Association of Machinists and Aerospace Workers (IAM) poses this query on its website. “Attend strike sanction vote on July 17th!”

In the Seattle, Washington, region, Boeing employs more than 32,000 individuals, with approximately 30,000 of them employed at its facilities in Everett, where the 777 is manufactured, and in Renton, where the 737 is assembled. In the event of a strike, operations at both factories would cease.

The parties initiated negotiations on a new contract in March to replace a 16-year-old agreement. The agreement will conclude at midnight on September 12.

Union members are not permitted to view the proposed contract until Wednesday’s vote. If the contract is rejected by members, a second ballot would be required on September 12 in order to proceed with a strike.

Boeing says Wednesday’s vote is simply a “procedural” measure.

“We remain confident we can reach a deal that balances the needs of our employees and the business realities we face as a company,” according to a statement issued by Boeing.

In addition to a “substantial” pay increase of at least 40%, Jon Holden, the president of Local 751, has requested guarantees for health care, retirement, and job security.

Despite “massive inflation,” Holden has declared that a substantial wage increase is required after eight years of providing workers with minimal cost-of-living assistance.

In a Senate hearing last month, Boeing CEO Dave Calhoun declared that employees “will undoubtedly receive a raise.”

The union is also requesting that Boeing ensure the production of its next generation of aircraft in the Seattle area, which is expected to occur around 2035.

Holden maintains that the assurance of the next plane’s production in the Northwest guarantees “job security for the next 50 years.”

In recent weeks, discussions have largely stagnated, according to the IAM. The union is anticipating a substantial attendance on Wednesday in order to effectively communicate its message to Boeing.

The event will be held at T-Mobile Park in Seattle, the home of the Seattle Mariners baseball franchise. The stadium has the capacity to hold up to 48,000 spectators. The IAM is coordinating a motorcycle procession on Wednesday, which will feature more than 800 vehicles.

Boeing’s solidarity, according to the IAM’s local website, is the goal.

In its report, the local reported that the factory would remain silent, and that this was intended as a “message to take our proposals seriously and a reminder of the consequences of rejecting a substandard offer and voting to strike in September.”

Boeing declared that it would permit employees to arrive late or depart early on Wednesday to accommodate “reasonable” travel time.

“We respect and support the right of our employees to take part in the July 17 vote,” according to Boeing. “Partial time away from work will be excused and not counted for attendance purposes.”

The IAM has stated that the early strike authorization vote will give union officials legal notice to prepare for the payment of strike pay to workers in the event of a cessation.

Striking employees are entitled to $250 per week in pay from the third week of a strike.

The IAM has also requested at least one seat on Boeing’s board of directors, despite the fact that it is considered a long chance.

On Wednesday, the 1,200 Boeing employees in Oregon who are part of the IAM’s W24 district will vote, in addition to the workers in Washington.

Given Boeing’s current problems, the union is seeking permission to negotiate any changes to quality management that could potentially affect the production system.

“We never proposed those things in the past but it’s our reputation, it’s our jobs, it’s our livelihoods,” Holden asserted.

SOURCE: UN

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Google Is Close To Making Its Biggest Acquisition Ever

2024 | Hacker Group Claims It Leaked Internal Disney Slack Messages Over AI Concerns

Amazon Prime Day Is A Big Event For Scammers, Experts Warn

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Google Is Close To Making Its Biggest Acquisition Ever

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Google's Latest Spam Update Met with Widespread Criticism Amidst a Year of Turbulent Changes

Alphabet, Google’s parent company, is in advanced talks to buy fast-growing cybersecurity startup Wiz for around $23 billion, a person familiar with the situation confirmed to CNN.

A takeover of Wiz, which provides cybersecurity software for cloud computing, would be Google’s largest cybersecurity acquisition to date.

According to the source, the talks between Google and Wiz began after the business raised $1 billion from venture capital investors earlier this year.

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Google | CNN

Google Is Close To Making Its Biggest Acquisition Ever

According to the source, the terms of a potential deal have not been completed, and negotiations may fail.

The Wall Street Journal was the first to report on the Wiz talks.

Neither Google nor Wiz responded to CNN’s requests for comment.

The transaction would likely beat Google’s $12.5 billion acquisition of Motorola almost a decade ago, the company’s largest buyout in history. Only two years later, Google sold Motorola for a huge loss.

Wiz’s $23 billion price tag roughly quadruples the startup’s $12 billion valuation from its most recent fundraising round.

In March 2022, Alphabet paid $5.4 billion to acquire cybersecurity firm Mandiant as part of its attempts to help businesses better confront cyber risks and grow its cloud computing business.

Cloud is critical to the company’s efforts to diversify revenue streams beyond its main search advertising business. Despite increased cloud revenues, it has yet to compete with similar services like Microsoft and Amazon.

Buying Wiz would be a “shot across the bow” at Microsoft and Amazon, demonstrating Google’s “major bet on the cyber security space to complement its flagship offering in the cloud,” Dan Ives, managing director and senior equity research analyst at Wedbush, wrote in a note to clients on Monday.

Cloud security has grown increasingly critical recently as businesses have extensively moved data to cloud systems. Last week, AT&T disclosed that virtually all of its wireless customers’ call and text records were compromised in a huge breach caused by an “illegal download” on a third-party cloud platform.

The Wiz acquisition talks came despite intensified antitrust investigation of internet titans by the Biden administration.

However, if Trump retakes the White House, that antitrust vigilance might be turned back slightly, Ives said, making the Federal Trade Commission “much weaker” and sparking an “accelerated merger and acquisition environment to take place for Big Tech.”

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Google | Wiki Image

Google Is Close To Making Its Biggest Acquisition Ever

If the acquisition is confirmed and completed, it will be a big departure for Wiz and its founders, Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik. The four executives first met when enlisted into Unit 8200, the Israel Defense Forces’ cyber intelligence branch.

In New York City, Wiz has experienced rapid development since its inception in March 2020, during the Covid-19 pandemic. Today, the organization claims that 40% of Fortune 100 corporations are its clientele.

Notable customers include BMW, Slack, and Salesforce, and it collaborates with major cloud providers such as Amazon, Microsoft, and Google.

SOURCE | CNN

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2024 | Hacker Group Claims It Leaked Internal Disney Slack Messages Over AI Concerns

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An activist hacker group claimed to have exposed hundreds of Disney’s internal message channels, including details on unreleased projects, raw photos, computer codes, and even logins.

Nullbulge, a “hacktivist group,” claimed responsibility for the breach and stated they exposed approximately 1.2 gigabytes of data from Slack, a communications platform. In an email to CNN on Monday, the group said it got access from “a man with Slack access who had cookies.” The email further stated the group was based in Russia.

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Disney | CNN Image

Hacker Group Claims It Leaked Internal Disney Slack Messages Over AI Concerns

According to the mail, “The user was aware we had them. He tried to kick us out once but let us walk right back in before the second time.”

CNN could not independently verify the claims.

In a statement issued Monday, Disney stated it “is investigating this matter.” the entertainment empire encompasses various divisions and enterprises, from ESPN to Hulu, Disney+ to ABC News.

The group also declared that it wishes to defend artists’ rights and pay for their work, particularly in the age of artificial intelligence.

“Disney was our target due to how it handles artist contracts, its approach to AI, and its pretty blatant disregard for the consumer,” the hacking group stated via email.

Nullbulge had hinted at the massive release on social media for several weeks. For example, in June, the organization released visitation, booking, and income data from Disneyland Paris on X.

Artificial intelligence was a major stumbling block in negotiations during the Screen Actors Guild and Writers Guild of America strikes. Writers are anxious that ChatGPT can produce screenplays in their place, while performers are concerned that computer-generated imagery, or CGI, would completely replace them.

The hackers claimed they leaked the material because making demands on Disney would be pointless.

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Disney | Wired Image

Hacker Group Claims It Leaked Internal Slack Messages Over AI Concerns

“If we announced, ‘Hello, we have all your Slack data,’ they would immediately shut down and attempt to take us out. “In a duel, you better fire first,” the email read.

In 2014, a massive cyberattack at Sony Pictures attributed to North Korea sparked an international crisis by disclosing emails from corporate officials, celebrity aliases, social security information, and full movie scripts.

SOURCE | AP

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