Gizmodo Media Group
Earther The Takeout |
Gizmodo Media Group was an
History
Univision acquisition (2016)
On June 10, 2016, Gawker Media filed for Chapter 11 bankruptcy protection after the company was ordered to pay $115 million in compensatory damages and a further $25 million in punitive damages in Bollea v. Gawker.[3]
On August 16, 2016, Univision Communications purchased Gawker for $135 million.[1] The purchase did not include the flagship website Gawker.[1] It included the websites Gizmodo, Jezebel, Deadspin, Kotaku, Jalopnik, and Lifehacker.[4] Univision named the unit Gizmodo Media Group after one of its blogs, Gizmodo, in an effort to distance itself from the Gawker name.[5]
On September 10, 2016, Univision removed six controversial posts from various Gawker Media sites, each with the note: "This story is no longer available as it is the subject of pending litigation against the prior owners of this site."[6]
On September 21, 2016, Raju Narisetti was named as CEO of Gizmodo Media Group.[7][8]
Very Smart Brothas
On July 7, 2017, Gizmodo Media Group acquired the blog Very Smart Brothas.[9]
Earther
In September 2017, Gizmodo Media Group launched its first new stand-alone site since acquisition from Gawker Media,
Televisa
In December 2017, Gizmodo Media Group announced a partnership with Mexican media conglomerate Televisa to launch Spanish-language editions of websites such as Gizmodo, Deadspin, Kotaku, Jalopnik and Jezebel.[11]
Struggles and sale
On May 8, 2018, the GMG Special Projects Desk published an article that highlighted various issues plaguing Univision.[12][13]
On June 28, 2018, The Daily Beast reported that over forty GMG staffers would be taking union-negotiated buyouts, thereby averting layoffs.[14]
On July 10, 2018, Univision announced that it would "explore" the option of selling all of the Gizmodo Media Group and The Onion websites under its ownership.[15]
Great Hill Partners acquisition (2019)
In April 2019, private equity firm Great Hill Partners agreed to purchase Gizmodo Media Group and The Onion from Univision.[16] The sale was completed on April 8, 2019, with Gizmodo Media Group and The Onion being combined into a new company named G/O Media.[2][17]
References
- ^ a b c "Univision to Buy Gawker Media for $135M". The Hollywood Reporter. Retrieved 2017-01-12.
- ^ a b Hayes, Dade (8 April 2019). "Univision Finalizes Sale Of Former Gawker Portfolio And The Onion To Private Equity Firm Great Hill Partners". Retrieved 9 April 2019.
- ^ Balakrishnan, Anita (2016-06-10). "Gawker Media auction starts with Ziff Davis bid amid bankruptcy". CNBC. Retrieved 2017-01-12.
- ^ Tani, Maxwell (June 9, 2017). "10 months ago, Univision bought Gawker in a fire sale, and it's been messy ever since". Business Insider. Retrieved 28 February 2018.
- ^ Villafañe, Veronica. "Univision Rebrands Gawker Media As Gizmodo Media Group; Starts Translating Content For Univision.com". Forbes. Retrieved 2017-01-12.
- ^ Sterne, Peter. "Univision deletes six controversial Gawker Media posts- POLITICO Media". Politico.com. Retrieved 2017-03-15.
- ^ Todd Spangler (2016-09-21). "Univision Hires Raju Narisetti to Run Sites Acquired From Gawker Media". Variety. Retrieved 2017-03-15.
- ^ "Univision Hires News Corp Vet to Lead Former Gawker Media Sites". Hollywood Reporter. 2016-09-21. Retrieved 2017-03-15.
- ^ "Gizmodo Media Group Announces Very Smart Partnership". Associated Press. 2017-07-17.
- ^ "New site aims for 'brutally honest' environmental news". Columbia Journalism Review. 2017-10-03. Retrieved 2018-02-04.
- ^ Univision's Fusion Media Group Strikes Deal With Televisa For Expansion To Mexico - Veronica Villafañe, Forbes, 7 December 2017
- ^ Conger, Kate; Uberti, David; Wagner, Laura (May 8, 2018). "Univision Is A Fucking Mess". Gizmodo Media Group Special Projects Desk. Archived from the original on July 11, 2018.
- ^ Ingram, Matthew (May 9, 2018). "Univision gets broadsided by staff-written critique of its failed strategy". Columbia Journalism Review. Retrieved July 11, 2018.
- ^ Tani, Maxwell (June 28, 2018). "Gizmodo Media's Turmoil Continues: 40+ Staffers Take Buyouts". The Daily Beast. Retrieved July 11, 2018.
- ^ UCI PR Team (July 10, 2018). "Univision to Explore Potential Sale of Gizmodo Media Group and The Onion". Univision. Archived from the original on July 11, 2018.
- Wall Street Journal. Retrieved April 8, 2019.
- ^ "Univision Announces Sale of Gizmodo Media Group and The Onion to Great Hill Partners". Univision (Press release). 8 April 2019.