Ohio State released a new athletic logo to the public Monday, the same day it approved the use of the non-rounded in Block “O” in its academic logo.

Ohio State said that the school's trademark and licensing program generates more than $12.5 million a year in revenue and funds university scholarships and programs.

The $7 billion university, widely recognized by its bold, block-shaped red “O” logo — the one worn by the Ohio State Buckeyes — is embroiled in a heated legal dispute with sports-website ...