Magazines

A new era for women on Time's cover

2019 is on pace to have the highest percentage of Time covers featuring only women in the magazine's nearly 100-year history. This year is already the first year that there are more covers featuring only women than covers featuring only men.

Why it matters: The company has pushed to include more diverse faces on its covers over the past few years. It's finally reached the milestone of having more female-only covers than male-only covers under editor-in-chief and CEO Edward Felsenthal.

Data: TheVault, Axios research; Note: Many Time covers feature both women and men or no people at all; Chart: Harry Stevens/Axios

Meredith sells Sports Illustrated

Stephen Lovekin/Getty Images for Catalyst Public Relations

Meredith Inc. announced Monday night that it is selling Sports Illustrated to Authentic Brands Group, a brand development company, for $110 million.

Why it matters: The company has been offloading the news publications that it acquired as a part of its January 2018 Time Inc. purchase for more than $1.85 billion in debt in an effort to build an entertainment and lifestyle behemoth.