Judging by their website it is clear that Si has not transitioned well into the digital media world.
Maybe, but Time Warner has.
Time Warner owns HBO, Warner Bros., Tuner Broadcasting, CNN, the CW, TW cable and on and on.
For 2012 income was $28.7B and an adjusted operating income of $6.1B
Sports illustrated barely resonates on their balance sheet and as unfortunate as it is, 6 photographers doesn't even appear.
I doubt it was as much as costs savings as redundancy.
SI is death by a thousand cuts.
After all every photographer is required to stand in the same area, with the same lens same camera and shoot the same action, so from a company standpoint, it's easier to buy the 20 images you want rather than send out a crew and supplemental digital support crew, especially since your only producing old news.
Broad based print specialty magazines are on the wane, with a few exceptions like Vogue and some Conde Naste titles.
But if you enjoy sports, by the time your magazine hits your mailbox you've already seen the story, the images and the recap.
Print in general is not dead, just marginalized. This has been going on forever. Radio marginalized newspapers, TV did the same to Radio and all Print, Computers and now pads and mobile devices have done it to all media.
Today there are two style of viable content. Free user generated that comes in way before any news organization can gather and disseminate it and higher quality longer form content (motion and/or stills) to supplement and in depth story.
Everything in the middle suffers.
Personally I'm not fond of user generated anything because there is no vetting process, no standards, no reason other than I'm there I might as well shoot it, write it and comment on it all for the payback of someone posting "you go guy/girl, great image, wow your amazing".
But what I like doesn't matter. What pays does.
IMO
BC