Great Hill Partners, a private equity firm, bought The Onion from Univision Communications Inc. Plus, the firm bought several other Gawker Media properties, including Gizmodo, Deadspin and Jezebel, to Great Hill Partners. Great Hill Partners has enlisted veteran digital editor Jim Spanfeller to run the new outfit. Spanfeller once headed Forbes.com and went on to build a digital content company that he sold to Tronc Inc.—not an intentionally satirical name itself, and later changed back to Tribune Publishing -- in 2017. He will be a “significant” investor in the new company created from the Univision assets, to be called G/O Media, Great Hill said in a statement. The sale, for undisclosed terms, marks the second ownership change for the former Gawker Media empire in three years. Univision bought the former Gawker sites, except the namesake flagship, for $135 million in a 2016 bankruptcy auction, intent on expanding beyond its niche in Spanish programming. The company struggled to get a return from its online properties and has offered employees buyout packages to cut costs. Since the 2016 sale, the fortunes of digital-media companies have soured as Facebook Inc. and Google have taken ever-larger shares of online advertising dollars away from publishers. Other digital-media companies, including BuzzFeed Inc. and Vice Media Inc., have dismissed employees in recent months as the industry tightens its belt. — Bloomberg News Continue reading at 'Advertising Age'
[ Advertising Age | 2019-04-09 00:00:00 UTC ]
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Great Hill Partners, a private equity firm, bought The Onion from Univision Communications Inc. Plus, the firm bought several other Gawker Media properties, including Gizmodo, Deadspin and Jezebel, to Great Hill Partners. Great Hill Partners has enlisted veteran digital editor Jim Spanfeller to... Continue reading at Advertising Age
[ Advertising Age | 2019-04-09 00:00:00 UTC ]
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Caine, one of the country’s best-known independent booksellers and a prominent critic of Amazon, is selling his majority shares in the Lawrence, Kans., institution to a trio who are currently minority co-owners. The sale will take effect January 1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-25 04:00:00 UTC ]
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A top chef has accused his longtime business partner of improperly funneling millions of dollars into side projects, including the revival of Williamsburg’s Kellogg’s Diner.Julian Medina says that Luis Skibar, who owns a fast-growing empire of Mexican-style eateries with Medina, has “unlawfully... Continue reading at Crains New York
[ Crains New York | 2024-10-15 17:41:30 UTC ]
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The imprint of Random House Worlds, which launched last year, has partnered with Tynion’s independent production house to publish three original graphic novel series by Tynion as part of a 12-book deal. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-11 04:00:00 UTC ]
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Print media do face challenges but the influence they offer – especially on the right – is considerable‘Expect the unexpected” is the bland but pointed advice given by the evasive editor of the Daily Beast to the bemused William Boot, accidental protagonist in Evelyn Waugh’s deathless Fleet... Continue reading at The Guardian
[ The Guardian | 2024-09-15 08:00:52 UTC ]
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Beloved comedy publication The Onion has started back up with a paper-and-ink print edition for the first time in over ten years. As announced on the comedy institution’s website and in a story in The New York Times, The Onion has decided to return to their roots as a newsprint, fish-wrappable,... Continue reading at Literrary Hub
[ Literrary Hub | 2024-08-16 17:57:49 UTC ]
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The Columbus, Ohio–based children's bookstore, one of the country's oldest, has announced that it was sold to store manager Bryan Loar, a former librarian, in December. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-21 04:00:00 UTC ]
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Deal lets ChatGPT maker use all articles from Wall Street Journal, New York Post, Times and Sunday Times for AI model developmentChatGPT developer OpenAI has signed a deal to bring news content from the Wall Street Journal, the New York Post, the Times and the Sunday Times to the artificial... Continue reading at The Guardian
[ The Guardian | 2024-05-22 21:39:09 UTC ]
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Survey asked agencies and digital specialists for their opinions on 28 media owners. Continue reading at Media Week
[ Media Week | 2024-05-22 00:01:00 UTC ]
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A woman who was mauled by dogs in 2019 has won her civil case against the dogs' owner and the Town of Potton. A Quebec Superior Court judge ordered the town and Alan Barnes to pay her nearly $460,000. Continue reading at CBC
[ CBC | 2024-05-17 08:00:00 UTC ]
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It's "America's Finest News Source" ... or so it claims. The Onion, a Wisconsin-bred satirical news outlet — once a newspaper but now read only online — has a new owner. Jeff Lawson, the co-founder and recently departed CEO of San Francisco software company Twilio, has purchased The Onion.... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2024-04-27 14:51:02 UTC ]
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The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion’s staff. Continue reading at The New York Times
[ The New York Times | 2024-04-25 23:20:18 UTC ]
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The milestone comes after a particularly turbulent period, when the publisher was put up for sale and bought by a private equity firm. Since then, investments have boosted morale and helped it grow. Continue reading at The New York Times
[ The New York Times | 2024-04-10 15:26:51 UTC ]
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Planned acquisition by UAE-backed RedBird IMI is being considered by the culture secretaryBusiness live – latest updatesMedia groups have reportedly shown fresh interest in a takeover of the Telegraph and Spectator alongside Redbird IMI, the UAE backed consortium.Bloomberg said Rupert Murdoch’s... Continue reading at The Guardian
[ The Guardian | 2024-03-12 14:46:36 UTC ]
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Some Wyze camera owners have reported that they were suddenly given access to cameras that weren't theirs and even got notifications for events inside other people's homes. Wyze cofounder David Crosby has confirmed the issue to The Verge, telling the publications that "some users were able to... Continue reading at Engadget
[ Engadget | 2024-02-17 14:00:59 UTC ]
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The acclaimed comics writer is expanding his Tiny Onion brand into an independent production house, which will operate like a book packager, managing Tynion’s creations and working with other creators on their own projects. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-16 05:00:00 UTC ]
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The independent audiobook publisher's catalog topped 70,000 titles last year as it entered into more partnerships. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-01-19 05:00:00 UTC ]
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San Jose children's bookstore Hicklebee's has a new owner for the first time since its founding in 1979. As of midnight on October 31, sisters Monica Holmes and Valerie Lewis are handing the reins to Laura Gahrahmat, a newcomer to bookselling. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-31 00:00:00 UTC ]
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The co-owner of San Francisco's Bookshop West Portal and founder of onetime Bay Area bookselling staple A Clean Well-Lighted Place for Books, died on September 6. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-09-18 04:00:00 UTC ]
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Joan Meyer, who died a day after raid, shouted at six officers who searched her home in incident that has drawn national scrutinyNewly released video shows the 98-year-old mother of a Kansas newspaper publisher confronting police officers as they searched her home in a raid that has drawn... Continue reading at The Guardian
[ The Guardian | 2023-08-22 23:04:32 UTC ]
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