The Onion gets a new owner

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 ]
News tagged with: #company struggled #online properties #cut costs #digital-media companies #including buzzfeed #recent months

Other Publishing stories related to: 'The Onion gets a new owner'

Mirror owner’s profits fall by nearly a third as newsprint costs soar

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 ]
More news stories like this | News stories tagged with: #local newspapers #profits fall

Franklin Fixtures Owners Open Bookstore in Tennessee

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 ]
More news stories like this | News stories tagged with: #independent bookstore #bookstore

1984 is Banned in Belarus, Bookstore Owner Detained for Carrying It

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 ]
More news stories like this | News stories tagged with: #bookstore

A bookstore owner’s petition to make Harriet Tubman Day a federal holiday is almost at 8,000 signatures.

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 ]
More news stories like this | News stories tagged with: #bookstore owner #american woman #bookstore

'Wall Street Journal' and its owners hit by cyberattack linked to China

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 ]
More news stories like this | News stories tagged with: #york post #dow jones #business units #including journalists #chinese government #news corp

Incredible Books By Black Authors, According To Black Bookstore Owners

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 ]
More news stories like this | News stories tagged with: #black authors #bell hooks #james baldwin #bookstore

This unique bookstore and ranch needs a new owner (with $1.52 million to spare).

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 ]
More news stories like this | News stories tagged with: #bookstore

Politics & Prose Owners Recognize Employee Union

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 ]
More news stories like this | News stories tagged with: #indie bookstore

The Raven Book Store Owner Sells Large Stake in Store to Seven Employees

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 ]
More news stories like this | News stories tagged with: #danny caine #bookstore #book store

'Best Christmas present ever' as Book-ish owners buy their premises

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 ]
More news stories like this | News stories tagged with: #independent bookshop

Politics and Prose employees moved to unionize—then the store owners hired an anti-union law firm.

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 ]
More news stories like this | News stories tagged with: #growing list #bookstore

Black bookshop owners urge others to embrace the opportunity for change

Black bookshop owners are finding that their efforts are paying off by sharing stories and bringing communities closer together through their local store. Continue reading at The Bookseller

[ The Bookseller | 2021-12-03 08:27:39 UTC ]
More news stories like this | News stories tagged with: #sharing stories #bookshop

Search Press owners look to future growth with spate of plans

Despite having to adapt its plans to celebrate its half-century, art and craft specialist Search Press posted record results in the lockdowns, and is anticipating further growth once craft fairs and high streets gather momentum. Continue reading at The Bookseller

[ The Bookseller | 2021-10-30 06:01:57 UTC ]
More news stories like this | News stories tagged with: #future growth

Greenlight Bookstore Co-Owner Rebecca Fitting Steps Back

Rebecca Fitting, co-owner of Brooklyn’s Greenlight Bookstore, is leaving the store she cofounded with Jessica Stockton-Bagnulo 12 years ago, and has sold her stake in the business to Stockton-Bagnulo. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-10-29 04:00:00 UTC ]
More news stories like this | News stories tagged with: #rebecca fitting #greenlight bookstore #bookstore

Watkins Media owner Ifield buys John Hunt Publishing

Entrepreneur Etan Ilfeld, owner of the Watkins Media Group, has bought John Hunt Publishing (JHP) for an undisclosed sum.  Continue reading at The Bookseller

[ The Bookseller | 2021-10-24 22:51:13 UTC ]
More news stories like this |

The Owner of The Mysterious Bookshop Built His Dream House

And of course it includes a two-story library — modeled on the Bodleian at Oxford University — for his massive collection of books. Continue reading at The New York Times

[ The New York Times | 2021-09-28 09:00:26 UTC ]
More news stories like this | News stories tagged with: #dream house #bookshop

Think of it this way: at least you're not locked down with drunken, misanthropic bookshop owner Bernard Black

The lead protagonist in the British TV comedy series Black Books might even relish being in lockdown. If you don’t, you might enjoy watching this show. Continue reading at The Conversation

[ The Conversation | 2021-08-27 00:11:11 UTC ]
More news stories like this | News stories tagged with: #bookshop

Marie Claire owner reports record profits on back of Covid reading boom

Future’s share price soars as it says full-year results will be ‘materially ahead’ of expectationsCoronavirus – latest updatesSee all our coronavirus coverageFuture, the owner of magazines from Marie Claire to Metal Hammer and sites such as TechRadar and GoCompare, has reported record revenues... Continue reading at The Guardian

[ The Guardian | 2021-05-19 12:15:47 UTC ]
More news stories like this | News stories tagged with: #company continues #full-year results #latest updatessee #coronavirus coveragefuture #metal hammer #group revenues #marie claire

Barnes & Noble's Owner Buys Paper Source

Elliott Management, which acquired Barnes & Noble in September 2019, has reached an agreement to buy the stationery retailer Paper Source. B&N CEO James Daunt will add oversight of Paper Source to his responsibilities. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-05-12 04:00:00 UTC ]
More news stories like this | News stories tagged with: #barnes noble #elliott management