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?
A leaked demo has bright red and orange marks on ‘harmfully misleading’ tweets
“As they stole stories from real newspapers, these sites baffled scientists, activists, and journalists. Until now.”
Wow, this blew up and imploded and tried to disappear quickly and totally did not disappear at all.
Whether it was Bach or Chopin, Ray Charles or Jerry Lee Lewis, Stevie Wonder, Elton John, Alicia Keys or Norah Jones, there was someone whose mastery on the piano made you think, wow, I wish I knew how to do that. It’s a singular, almost timeless skill — and if you love music, there’s no […]
With everything happening now, even the most jaded among us are bound to feel some pangs of anxiety now and again. It’s a crazy time. When we crawl into bed each night, it’s common for our brains to go into overdrive and start thinking — and worrying — about what’s going on and what’s to […]
Whether it’s your boss, your old high school friends or your over-critical family you’re looking to impress, having your background looking as put together as possible during hours of Zoom calls is a must. You might not realize it in the moment, but that unmade bed in the back of your video chat shot says […]