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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 family of retired FBI agent Robert Levinson says U.S. government officials have concluded that he has died while in the custody of Iran. The family says in a statement posted on Twitter that it did not have information about how or when Levinson had died, but it occurred before the recent coronavirus outbreak. The family says it “will spend the rest of our lives without the most amazing man, a new reality that is inconceivable to us.” Levinson disappeared on Iran's Kish Island in 2007 while on an unauthorized CIA mission.President Donald Trump was asked whether he was aware of the reports. He said Levinson's status "wasn't looking good," but did not accept reports that Levinson has died. 713

The crisis at the Mexico border is growing. The head of U.S. Customs and Border Protection announced over the weekend that agents expect to see more than a 100,000 apprehensions and encounters with migrants just for the month of March, the highest total in the past 10 years.“The surge numbers are just overwhelming the entire system,” says Kevin McAleenan, Commissioner of the U.S. Customs and Border Protection.Monday, the Department of Homeland Security announced it's speeding up the deployment of 750 border agents to help with the surge, and the number of agents could reach 2,000. It's gotten so bad, the government says hundreds of migrants are being released into Texas towns every day, because there's no room to hold them.“It's not something we want to do, it's something we have to do,” McAleenan says. However, immigration advocate Laura Pe?a thinks this is a deliberate move by the administration.“They're holding folks longer than they're supposed to, and then, orchestrating mass releases, intended to really frustrate the already fragile infrastructure,” Pe?a says. The Trump Administration announced it also plans to cut off financial aid to Guatemala, Honduras and El Salvador, three countries President Trump has accused of deliberately sending migrants to the U.S. Americans could take a hit in the pocketbook. Nearly half of all imported vegetables, and 40 percent of imported fruit come from Mexico. It could lead to higher prices at the grocery store if the border is shutdown. 1513

The Federal Reserve on Wednesday lowered interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn.Policymakers led by Fed Chairman Jerome Powell voted 8-2 in favor of a small cut in the federal funds rate, and recommitted to their promise to "act as appropriate" to sustain the country's 369

The Justice Department announced Sunday night a new legal team will take over the Trump administration's fight to add a citizenship question to the 2020 census.The department's spokesperson said in a statement that the DOJ is "shifting these matters to a new team of Civil Division lawyers" and it will be revealed in filings Monday.The spokesperson did not give a reason for the change. Officials within the Civil Division's Federal Programs Branch had been lead on the census case up until now, but they are being replaced by a combination of career and political officials from the Civil Division's Consumer Protection Branch, a Justice official said."Since these cases began, the lawyers representing the United States in these cases have given countless hours to defending the Commerce Department and have consistently demonstrated the highest professionalism, integrity, and skill inside and outside the courtroom," DOJ spokesperson Kerri Kupec said in a statement."The Attorney General appreciates that service, thanks them for their work on these important matters, and is confident that the new team will carry on in the same exemplary fashion as the cases progress," the statement continues.The Trump administration has been fighting to add a question about citizenship to the 2020 census -- a question that hasn't been asked since 1950. The move could impact the balance of power in states and the House of Representatives, which are based on total population. Critics say adding the question could result in minorities being undercounted.The Supreme Court recently ruled the evidence did not back up the claims of Commerce Secretary Wilbur Ross and Justice Department lawyers that the question is needed to better enforce voting rights. 1770