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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Paramount announced Monday that it's selling the storied publisher for $1.62 billion, months after a sale to Penguin Random House was blocked by a federal judge. Continue reading at Los Angeles Times
[ Los Angeles Times | 2023-08-07 21:27:31 UTC ]
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Financial services giant Intuit is launching a small business-focused media network, letting advertisers target customers across the web and tapping into a new revenue line, executives exclusively told Adweek. The venture, called SMB MediaLabs, will let advertisers target the customers of... Continue reading at AdWeek
[ AdWeek | 2023-07-24 10:13:48 UTC ]
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Christine Swedowsky has acquired the publisher from Libella Publishing Group in a management buyout. The World Editions offices in Amsterdam and London will close, and the publisher will be based solely in New York. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-07-03 04:00:00 UTC ]
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Beth Nguyen left Vietnam and her biological mother when she was a baby. Her memoir “Owner of a Lonely Heart” examines the ripple effect of those departures. Continue reading at The New York Times
[ The New York Times | 2023-07-01 09:03:10 UTC ]
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As ByteDance launches a publishing company, many in the book world wonder if it will create an uneven playing field by boosting its own authors at the expense of others. Continue reading at The New York Times
[ The New York Times | 2023-07-01 09:00:50 UTC ]
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Forty years ago, my not-yet-gentrified neighborhood in Brooklyn had one bookstore, Mostly Books. When the owner retired, it became a video store (RIP Cousins). Then it was derelict, then it was councilman’s office, and now it’s (obviously) a real estate office. But in all those years, a... Continue reading at Literrary Hub
[ Literrary Hub | 2023-05-08 15:00:19 UTC ]
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“I have only the vaguest understanding of what TikTok is,” Patchett insists. And yet she and her bookstore, Parnassus Books, have become microcelebrities on the app thanks to the shop's savvy marketing manager, Sarah Arnold. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-04-28 04:00:00 UTC ]
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Independent book store Book Keeper will continue to hold Drag Queen Story Time after protests. Continue reading at CBC
[ CBC | 2022-12-13 09:00:00 UTC ]
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Exclusive: Associated Newspapers faces first legal case over alleged voicemail interceptionThe Daily Mail’s parent company is facing its first legal claim for phone hacking, after the former Liberal Democrat MP Sir Simon Hughes filed a case against the newspaper publisher.Hughes is alleging that... Continue reading at The Guardian
[ The Guardian | 2022-10-10 17:00:40 UTC ]
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Reach, which also publishes the Star and the Express titles, says Ukraine war has affected advertisingThe rising cost of paper has dented profits at the publishing company Reach, which owns titles including the Mirror, the Express and dozens of local newspapers.Physical newsprint costs have... Continue reading at The Guardian
[ The Guardian | 2022-07-26 11:26:46 UTC ]
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The owners of Franklin Fixtures, which supplies retail displays to bookstores, are opening a new independent bookstore and café named Plenty on Spring in Cookeville. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-01 04:00:00 UTC ]
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The Eastern European country Belarus has banned the sale of 1984, and two booksellers and publishers have been detained for carrying it. Continue reading at Book Riot
[ Book Riot | 2022-05-30 17:22:36 UTC ]
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A worthy cause for you this Thursday: a bookstore owner’s petition to make Harriet Tubman Day a federal holiday (and the first federal holiday named for an American woman) is at nearly 8,000 signatures, and you can add your name here. The petition was created by Jeannine Cook, owner of Harriet’s... Continue reading at Literrary Hub
[ Literrary Hub | 2022-05-05 16:26:12 UTC ]
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News Corp says it was the target of a cyberattack that impacted The Wall Street Journal, New York Post, Dow Jones, its UK news operations and other publications and business units. The company says hackers accessed the emails and documents of some employees, including journalists. A... Continue reading at Engadget
[ Engadget | 2022-02-04 15:41:39 UTC ]
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Works by writers like bell hooks, Damon Young and James Baldwin that will educate and make an impact on everyone. Continue reading at HuffPost
[ HuffPost | 2022-01-31 16:37:38 UTC ]
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I have a terrible habit of going on the internet and looking at properties I can’t afford. (A hobby many of my fellow millennials share, I’m sure.) From my cramped Brooklyn apartment with pots of spaghetti piled haphazardly in the kitchen, I like to criticize the design choices of millionaires... Continue reading at Literrary Hub
[ Literrary Hub | 2022-01-28 19:45:49 UTC ]
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Politics & Prose owners Bradley Graham and Lissa Muscatine have reached an agreement with United Food and Commercial Workers Local 400 for the union to represent about 50% of the indie bookstore's 100+ employees. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-05 05:00:00 UTC ]
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Danny Caine, the owner of the Raven Book Store in Lawrence, Kans., has sold a 49% stake in the 35-year-old bookstore to a group of seven employees. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-04 05:00:00 UTC ]
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The owners of Welsh independent bookshop Book-ish are celebrating after completing the purchase of their premises with help from a crowdfunder backed by the trade. Continue reading at The Bookseller
[ The Bookseller | 2021-12-23 07:20:40 UTC ]
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DCist reports that workers at DC’s indie bookstore Politics and Prose have decided to unionize, joining a growing list of bookstores (and other workplaces) that have unionized this year. If they do unionize, they’ll become the only bookstore in DC with a unionized workforce. But Politics and... Continue reading at Literrary Hub
[ Literrary Hub | 2021-12-17 16:47:07 UTC ]
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