People and InStyle owner Meredith sold the iconic sports title in 2019 to apparel-focused Authentic Brands Group for $110 million. That deal allowed Meredith to continue to operate the magazine and web site for at least two years, but just three weeks later, there was another change as ABG farmed out operations to Seattle-based tech firm Maven in a $45 million licensing agreement.
But it claimed that Maven did not make the payments on the dates agreed or dispute them in the time allowed by the contract. Meredith then wrote to Maven in late April giving them 30 days notice that they were terminating the agreement and also informing them that they were liable for the missed payments. It alleged that Maven responded in May and attempted to “belatedly” dispute the costs.
A Meredith spokeswoman said: “It’s a simple matter. Meredith always honors the terms of our contracts and we expect the same from our partners, as any business would.” A spokesman for Maven did not immediately respond to request for comment.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sky News Sports presenter Jacquie Beltrao shares positive news amid cancer treatmentSky News Sports presenter Jacquie Beltrao shares update exclusively in HELLO! as she battles breast cancer for second time Beautiful lady ❤️ SkyJacquie 👊👏 SkyJacquie You are an inspiration to all ❤
Source: hellomag - 🏆 24. / 68 Read more »
Raising Kids For Success In Sports And Life With Christie Pearce Rampone And Dr. Kristine KeaneChristie Pearce Rampone, two-time FIFA World Cup champion and three-time Olympic Gold Medalist, teamed up with famed sports neuropsychologist Dr. Kristine Keane to co-author a new book, BE ALL IN: Raising Kids for Success in Sports and Life, with a foreword by Abby Wambach.
Source: ForbesWomen - 🏆 477. / 51 Read more »
Sports Played a Surprising Role in Women’s Suffrage'The same rationales that held women back from education and political life were used against them in sport, so they really go hand in hand.' Donald Trump pardoned Susan B. Anthony today🙌
Source: TeenVogue - 🏆 481. / 51 Read more »
Tory Dandy Named Co-Head of CAA Sports’ Football DivisionTory Dandy has been named co-head and managing partner of CAA Sports’ football division, the agency announced on Monday. He joined CAA Sports in 2016 and represents more than three dozen football c…
Source: Variety - 🏆 108. / 63 Read more »
Coping with COVID-19: With an end to sports, college athletes face crisis of identityFor anyone who has anchored their identity in a single job or activity, now is a good time to volunteer, explore a new hobby or strengthen relationships. sianbeilock usatodayopinion My daughter, a math major, was a D-I basketball player. Her entire college life revolved around her team and her love of sport. I completely understand how these kids feel. To reach this level of competition, it's taken years of dedication and sacrifice. I feel for them. sianbeilock usatodayopinion Good riddance. To only positive thing about covid is it is killing professional sports and the American hating trash that make millions off of Americans. Lets hope hollywood dies next sianbeilock usatodayopinion
Source: USATODAY - 🏆 100. / 63 Read more »
Federal judge says Idaho cannot ban transgender athletes from women's sports teamsA federal judge says transgender women and girls in Idaho cannot be banned from sports teams corresponding to their gender, blocking an Idaho law that attempted to do so. but..... they shouldnt be banned from participating... but competition wise? thats going to be massively unfair because of many scientific reason regarding muscle build up etc.... has nothing to do with bigotry or transphobia, be you, you're great, but it would deffo be unfair SECOND PLACE IS THE WINNER YEA So stupid 🤦♂️
Source: CNN - 🏆 4. / 95 Read more »