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The brand and intellectual property of Sports Illustrated have been sold to marketing company Authentic Brands Group for 0 million.Meredith Corporation, the current owner of the iconic magazine, announced the sale on Tuesday. In an unusual arrangement, Meredith will continue to publish the Sports Illustrated magazine and website.The structure of the deal suggests that the Sports Illustrated brand is much more valuable than the storied magazine.Authentic Brands Group, which owns the brands of celebrities like Marilyn Monroe and Elvis Presley, will assume the marketing, business development and licensing of Sports Illustrated's intellectual property.Jamie Salter, CEO of Authentic Brands Group, said in a statement that Sports Illustrated's "trusted name and fiercely devoted following set the stage for the brand to become a leader in lifestyle and entertainment."According to the companies, potential new business opportunities include events, conferences, gambling and gaming products as well as video and television.Meredith, which is paying Authentic Brands Group an undisclosed fee to publish the Sports Illustrated magazine and website, said it would maintain the publication's editorial independence.Sports Illustrated was put up for sale last year along with Time, Fortune and Money magazines, which Meredith acquired via its purchase of Time Inc. Meredith also owns People, InStyle and Better Homes & Gardens.Salesforce CEO Marc Benioff and his wife Lynne Benioff purchased Time in September.Meredith sold Fortune to Thai billionaire Chatchaval Jiaravanon in November, and decided to take Money magazine off the market in April, turning it instead into a digital-only publication. 1715

The Dow Jones Industrial Average has been on a wild ride in recent weeks, with record drops and record gains becoming the norm. On Tuesday, the market had another record day. On Tuesday, the index gained more than 2,000 points for the first time in the history of the index, climbing back above 20,000 points to finish the day at 20,685. Overall, the Dow has lost about 8,000 points in the last six weeks. A number of companies that have seen massive losses in the last six weeks regained some ground on Tuesday, including Disney, Boeing, America Express and Visa. It was a better day for oil, which has been hard hit in recent weeks. Chevron shares jumped 18% on Tuesday. 685

The apparent suicide of financier and accused sex trafficker Jeffrey Epstein early Saturday could lead to more accusers and witnesses stepping forward as well as a flurry of civil suits against the multimillionaire's estate, according to legal experts.Authorities believe Epstein, 66, hanged himself at New York's Metropolitan Correctional Center, a law enforcement official told CNN -- less than a day after a court unsealed documents detailing disturbing claims against him and associates. His attorney is calling for an investigation into his death."The federal criminal case will end with his death," CNN legal analyst Paul Callan said. "But on the civil side, those cases will continue. They'll now be converted into an action against the estate of Jeffrey Epstein."One such lawsuit could be filed as soon as Wednesday by a woman who alleges Epstein raped her when she was 15. That's the day that New York's Child Victims Act takes effect, giving adult survivors of child sexual abuse one year to sue an abuser for offenses in New York, no matter how long ago the abuse allegedly occurred.The Southern District of New York's investigation into Epstein's conduct is ongoing, a person familiar with the investigation said. Though Epstein was the only person charged, court papers described three unnamed employees who scheduled his alleged "massages" that escalated to sexual acts and paid victims with hundreds of dollars in cash."Today's events are disturbing, and we are deeply aware of their potential to present yet another hurdle to giving Epstein's many victims their day in Court," Manhattan US Attorney Geoffrey S. Berman said in a statement."To those brave young women who have already come forward and to the many others who have yet to do so, let me reiterate that we remain committed to standing for you, and our investigation of the conduct charged in the Indictment -- which included a conspiracy count -- remains ongoing."Former prosecutor: 'Fear factor' for victims goneEpstein was jailed since early July, when he pleaded not guilty to federal charges accusing him of sex trafficking dozens of underage girls, some as young as 14 years old.Federal prosecutors said the politically-connected financier used employees and associates to lure girls to his residences and then paid some of his victims to recruit other girls for him to abuse.Legal experts believe Epstein's death could eliminate the intimidation and bare-knuckle tactics that both accusers and witnesses told police they faced after Florida authorities opened a previous investigation against him."Epstein being no longer around, no longer alive, will make it easier for victims to come forward," said Elie Honig, a CNN legal analyst and former federal prosecutor."While he was locked up ... there still (was) a fear factor. Does he have other people who can help him? Does he hire someone to come harass me? And now that's gone."The push for charges against alleged accomplicesAttorneys for Epstein accusers on Saturday held out hope that federal prosecutors will pursue charges against associates who allegedly facilitated his crimes over the years."The reckoning of accountability begun by the voices of brave and truthful victims should not end with Jeffrey Epstein's cowardly and shameful suicide," said Sigrid McCawley, attorney for Virginia Roberts Giuffre, who has claimed that Epstein kept her as a teenage "sex slave.""We are hopeful that the government will continue to investigate and will focus on those who participated and facilitated Epstein's horrifying sex trafficking scheme that damaged so many." 3611

THE BRONX — Police say a man working on a transformer has been killed near an Amtrak rail line in in the Bronx Thursday morning, authorities said.Authorities were called to the scene after 11 a.m.MTA officials said the incident occurred at an Amtrak facility. The facility is located nearby a Con Edison Van Nest substation.FDNY officials confirmed one person was dead and two others sustained minor injuries. They were treated at the scene.The circumstances surrounding the incident were not immediately disclosed.The railroad said on Twitter that trains were being held at Stamford, Connecticut and New York’s Penn Station due to police activity in the Bronx.Video from Citizen App show smoke coming from the scene.This article was written by Kristine Garcia and Cristian Benavides for 800

The National Hurricane Center said on Monday that Tropical Depression Three has formed off the East Coast of Florida. The storm, which has top sustained winds of 30 MPH, is expected to bring heavy rain to parts of Florida on Tuesday. According to the National Hurricane Center's official forecast, Tropical Depression Three will likely not strengthen into a tropical storm. The tropical depression is forecast to straddle the East Coast before being absorbed by a frontal boundary on Wednesday of the Carolina Coast. 529

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