Gawker Media filed for Chapter 11 bankruptcy on Friday, shortly before announcing the iconic blog network has reached an agreement with Ziff Davis to purchase its seven brands and other assets. Gawker's brands include Gawker.com, Deadspin, Lifehacker, Gizmodo, Kotaku, Jalopnik and Jezebel. "We are encouraged by the agreement with Ziff Davis, one of the most rigorously managed and profitable companies in digital media," said Gawker CEO and founder Nick Denton. "A combination would marry Ziff Davis' strength in ecommerce, licensing and video with [Gawker Media Group's] premium media brands." Ziff Davis owns media brands such as PC Magazine, IGN and AskMen, among others. In a memo obtained by Recode, CEO Vivek Shah described the agreement as a "tremendous fit between the two organizations." The filing (which you can read here via Poynter), which came with the U.S. Southern District of New York, is the latest, and widely expected, development in the years-long battle against Hulk Hogan, and later, tech billionaire Peter Thiel. In the bankruptcy filing, Gawker reported having less than $100 million in assets and more than $100 million in liabilities. During the sale process, Gawker Media will maintain normal operations. Gawker is appealing the Hulk Hogan judgment, where it has been adamant it will prevail. However, Gawker was required to put up $50 million in escrow while the appeals process plays out. Gawker says the protection afforded by the bankruptcy filing... Continue reading at 'AdWeek'
[ AdWeek | 2016-06-11 00:00:00 UTC ]
Gawker Media filed for Chapter 11 bankruptcy on Friday, shortly before announcing the iconic blog network has reached an agreement with Ziff Davis to purchase its seven brands and other assets. Gawker's brands include Gawker.com, Deadspin, Lifehacker, Gizmodo, Kotaku, Jalopnik and... Continue reading at AdWeek
[ AdWeek | 2016-06-11 00:00:00 UTC ]
More news stories like this |
One of the country's best known independent bookstores plans to use the bankruptcy process to become a smaller, modern, financially sustainable business. It is in the process of closing three of its seven locations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-17 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#book store
Vice Media is filing for Chapter 11 bankruptcy protection, the latest digital media company to falter after a meteoric rise Continue reading at ABC News
[ ABC News | 2023-05-15 11:47:06 UTC ]
More news stories like this | News stories tagged with:
#vice media
#meteoric rise
#digital media
Digital publisher and owner of Vice News and Vice TV was once valued at $6bn but has agreed sale for $225mVice, the once high-flying media startup that reached a peak valuation of nearly $6bn (£5bn), has filed for bankruptcy protection in the US as the digital publisher engineers a cut-price... Continue reading at The Guardian
[ The Guardian | 2023-05-15 09:23:50 UTC ]
More news stories like this | News stories tagged with:
#vice news
#vice tv
#bankruptcy protection
#$6bn 5bn
#digital publisher
The garlanded short story author will release her next collection solely in bookshops and select independent online outlets to coincide with Bookshop DayPrize-winning author Lydia Davis’ new collection of short stories will not be sold on Amazon, with the author saying she does not “believe... Continue reading at The Guardian
[ The Guardian | 2023-04-19 10:05:07 UTC ]
More news stories like this | News stories tagged with:
#single book
#man booker international prize
#short stories
#bookshop
Weeks after issuing an earnings that report that revealed the company lost $295 million last year, publication printer LSC Communications is preparing to file for Chapter 11 bankruptcy, Bloomberg reports, citing "people with knowledge of the plans." The news comes less than a year after the... Continue reading at Folio Magazine
[ Folio Magazine | 2020-03-25 18:34:08 UTC ]
More news stories like this | News stories tagged with:
#takeover bid
#general partner
#manufacturing platform
#developing story
#largest book
Miami Herald and Kansas City Star publisher has suffered as readers give up traditional subscriptions and get news onlineThe publisher of the Miami Herald, the Kansas City Star and dozens of other newspapers across the country is filing for bankruptcy protection. Related: Controversy rages over... Continue reading at The Guardian
[ The Guardian | 2020-02-13 14:36:40 UTC ]
More news stories like this | News stories tagged with:
#bankruptcy protection
#miami herald
Citing mounting vendor debt and declining revenue, Tiger Oak Media—the publisher of more than 30 regional and bridal magazines around the country—has filed for Chapter 11 bankruptcy protection, according to documents filed in U.S. Bankruptcy Court in Minnesota on Monday. The 26-year-old... Continue reading at Folio Magazine
[ Folio Magazine | 2019-10-10 14:55:27 UTC ]
More news stories like this | News stories tagged with:
#reduce costs
#net profit
#faced accusations
#tiger oak
#interested parties
J2 Global Acquires BabyCenter In case you missed it: late last week, Johnson & Johnson sold BabyCenter—the online parenting and pregnancy resource that claims to reach "7 in 10 new and expectant moms in the U.S." across its website, newsletters, social media channels and apps—to Everyday... Continue reading at Folio Magazine
[ Folio Magazine | 2019-09-06 18:12:01 UTC ]
More news stories like this | News stories tagged with:
#focusing solely
#magazine publisher
#bestselling book
Circle Media Group has filed for bankruptcy of its Dutch printing companies, blaming Europe’s “challenging market circumstances” in a “shrinking” print industry. Continue reading at The Bookseller
[ The Bookseller | 2019-04-18 00:00:00 UTC ]
More news stories like this |
A failed attempt to shift the magazine and book publisher's business to an e-commerce model has led F+W to sell both its books division, which has revenues of $22 million, and It's communities group, which had sales of almost $68 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-12 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#failed attempt
#book publisher
#books division
#$22 million
#$68 million
KNV, the largest German book wholesaler and distributor, filed for bankruptcy on February 14. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-02-15 00:00:00 UTC ]
More news stories like this |
After the theft of $3.4 million by its former bookkeeper, the agency has shuttered and started liquidation proceedings. In a letter, agency principal Neil Olson apologized to his clients and said he had "simply run out of time and resources.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-12-18 00:00:00 UTC ]
More news stories like this |
Medallion Press, which was formed in 2003 as a mass market publisher before branching out into other media markets, filed for Chapter 7 bankruptcy October 18. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-10-29 00:00:00 UTC ]
More news stories like this |
The Illinois book distributor to schools and libraries has sent a letter to creditors saying it can no longer meet its financial obligations and is in the process of liquidating its assets. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-11-14 00:00:00 UTC ]
More news stories like this |
The multimedia retailer filed for Chapter 11 June 13 with the hope of giving the company more time to find a new buyer. Without a sale, Hastings will likely be forced to liquidate as early has mid July. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-13 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#seeks buyer
The nation's largest Christian bookstore chain has filed for bankruptcy and plans to reorganize. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-02-12 00:00:00 UTC ]
More news stories like this |
j2 Global continues to build out its digital media portfolio with the acquisition of popular gamer lifestyle brand IGN Entertainment, a News Corp property. Terms of the deal were not disclosed. Continue reading at Folio Magazine
[ Folio Magazine | 2013-02-05 00:00:00 UTC ]
More news stories like this |
Ziff Davis valuation is way up in the clouds. The tech-centric publisher has been sold to j2 Global, Inc., a business cloud services company, for $167 million, the companies announced today. The cash purchase is expected to yield j2 $60 million in 2013 revenues, said officials. Formerly a... Continue reading at AdWeek
[ AdWeek | 2012-11-13 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#undisclosed amount
#ad world
#organic growth