Univision won the auction for Gawker Media with a $135m bid, reports Peter Kafka.
... the auction is a disappointing conclusion for Gawker Media owner Nick Denton, who founded the company in 2002. Last year, as rival media companies like Vice, BuzzFeed and Vox Media (which owns this site) were raising money at increasingly high valuations, Denton was arguing that his company was worth $250 million or more.
The price was depressed by the circumstances of the sale: a $140m award against it after publishing a Hulk Hogan sex tape and losing the subsequent lawsuit, which was secretly funded by vengeful billionaire Peter Thiel. Though experts generally expect Gawker to prevail on appeal, it was forced into bankruptcy by the penalty and the only other bidder was Ziff Davis, at $90m.
This weds Gawker to The Onion and Fusion in the Univision website stable; The Onion is very much its own thing, but Fusion's web presence is quite similar to Gawker itself and one wonders will it blend?
What a surprise, top talent at Fox News fired for sexual misconduct. Again.
• Voice of America’s director and assistant director resign • White House April 10 newsletter falsely accused VOA of using taxpayer dollars to “promote foreign propaganda” • Two miserably failed right-wing filmmakers are taking control of VOA, four months before the 2020 election, and they’re bringing Sebastian Gorka in. What could possibly go wrong?
“Many young Kiwis are using porn to learn about sex.” The New Zealand Government released this PSA as part of their “Keep it Real Online” campaign.
“I probably use my chef’s knives more than any other tool in the kitchen.” – Bobby Flay, celebrity chef Cooking at home has taken on a whole new life in the wake of COVID-19, and even with restaurants slowly reopening across the US, there’s heavy reason to suspect that more of us preparing more meals […]
More than half of you think the best way to manage your passwords is to just keep ‘em safely stashed away in your own noggin. Meanwhile, there are also bunches of you that favor saving passwords in your browser, putting them in a spreadsheet or just writing them down on a piece of paper or […]
With all the website builders on the market, it can feel overwhelming to choose the best one for your needs. The most important things to look for are usability, flexibility and a professional look and feel. That’s why over 180 million people use Wix to create the website of their dreams. Here are the top […]