But the “much less” price than the $135 million Univision paid for the Gawker assets (not counting what they paid for their stake in the Onion sites) after almost a year of searching for a buyer illustrates the wider challenges out there in the digital publishing world. The combined Gizmodo/Onion sites have 100 million unique visitors per month as per the company’s release, so they remain a significant player on the web.
In how we deliver content and in how we conduct our day to day business activities. To protect both of these very important groups we do business WITH THE HIGHEST LEVELS OF INTEGRITY. Without visitors, we would have no marketing partners, without marketing partners we could not serve our users. We want our people to always be looking to take the next step up in everything they and we do. We know that if they “do something” they will, much more often than not, DO THE RIGHT THING. in-action, we always choose to DO SOMETHING.
Gawker media selling free#
“Feel free to help make these better and perhaps more attuned to G/O Media.” And without the revenue from those sources we have no way to fund the content and those who create it that attracts that audience in the first place.” He also explained he wants to establish a new set of company values and laid out a rough draft of his ideas. “Without an audience we have nothing to offer advertisers, eCommerce partners or subscription efforts. Including ones about editorial independence: “While editorial independence is critically important, there needs to be a healthy and productive partnership with the business side for the company to be truly successful,” Spanfeller wrote. Spanfeller sent an email to his notoriously independent new staff this morning, saying he looks forward to meeting everyone soon and answering their (likely many) questions. And an email he sent to Gizmodo Media Group staff this morning had a lot of buzzwords in it, as Madison Malone Kircher writes at NY Mag:
Gawker media selling Pc#
Magazine, and associate publisher of Playboy Enterprises Publishing Group, a stint as the editor in chief of, work at PC Magazine and RealClearPolitics, and the creation of his own Spanfeller Media Group (including The Daily Meal and The Active Times), which he sold to the then-Tronc in 2017. His previous work includes time as president of Ziff Davis Enterprise’s consumer magazine group, publisher of Inc. What will that mean for these sites? Well, Spangler writes that Univision said the Gizmodo Media Group and Onion sites will continue to operate as “independent assets within the Great Hill Partners portfolio,” and that “all employees of GMG and The Onion will be joining G/O Media.” That doesn’t mean there won’t be layoffs following the acquisition, though.Īnd it will be interesting to see what Spanfeller does with these sites. “We are pleased to have found a terrific buyer in Great Hill Partners that is committed to growing these properties.” “Our aim from the outset of this process was to sell these assets as one,” Sadusky said in a statement.
Gawker media selling full#
…Univision had said last summer that it was looking to offload the digital-media assets. With the exit by Falco and appointment of TV veteran Vince Sadusky as Univision’s CEO, the company decided to full return to its focus on Hispanic media and marketing. The sale puts an end to Univision’s bid - under then-CEO Randy Falco - to diversify beyond its Hispanic broadcasting core business into what it had hoped would be a fast-growing, young-skewing mass digital play. With the sale, Great Hill will form a new company called G/O Media Inc., headed by digital content industry vet Jim Spanfeller, who also will be a “significant investor” in the company.
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