The proprietor of Sports Illustrated mentioned it had chosen a brand new firm to publish the journal, a deal that might settle a number of the latest friction on the storied publication and proceed the print version.

Authentic Brands Group, which owns the mental property rights to Sports Illustrated in addition to to celebrities like Marilyn Monroe and Muhammad Ali, mentioned it had struck a long-term deal to license Sports Illustrated’s publishing rights to Minute Media, a digital-media firm centered on sports activities.

Minute Media’s license with Sports Illustrated will stretch for 10 years with an possibility to increase for as much as 30 years whole, into the journal’s centenary. The corporations declined to reveal monetary phrases however mentioned that Authentic Brands Group was taking a stake in Minute Media as a part of the deal.

The deal is a big growth for Minute Media, a New York-based firm based in 2011 whose holdings — which embrace the sports activities web sites The Players’ Tribune and Fansided — generate greater than $400 million in income yearly.

Sports Illustrated has been engulfed in turmoil for months, the results of a company tug of conflict between the corporate that owns the enduring journal and the power drink mogul whose executives have been working it. The settlement begins instantly and successfully wrests Sports Illustrated’s operations away from Arena Group, the digital-media firm that has run the journal since 2019 and threatened to end its print edition.

It is a brand new chapter for Sports Illustrated, which printed its first concern in 1954. Asaf Peled, the chief government of Minute Media, mentioned in an interview that he deliberate to proceed Sports Illustrated’s print version.

“In the current era of digital, it’s still not trivial and quite difficult to build your own brand and get people to know and admire it,” Mr. Peled mentioned. “So once you get the opportunity to work with and grow an iconic brand like Sports Illustrated, you take it.”

Minute Media plans to develop the journal’s publishing operations globally, Mr. Peled mentioned, and to rent again a number of the staff whom Arena Group had laid off. He added that he wouldn’t know what number of staff would return till Minute Media began working the enterprise this week.

Mr. Peled mentioned Minute Media was centered on “short-form sports content creation,” making video, audio and textual content for consumption on cellular gadgets. It owns Fansided, which options articles and podcasts for sports activities followers and for a number of years was owned by Sports Illustrated’s former writer, Time Inc.; and Players’ Tribune, which publishes movies and essays by athletes and was based by Derek Jeter, the Yankees Hall of Fame shortstop. Mr. Peled mentioned he additionally needed to proceed Sports Illustrated’s custom of in-depth journalism.

“It’s an exception to our core strategy, but it’s not the first time we’ve done that,” Mr. Peled mentioned.