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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A little additional advice to self-published authors on maintaining successful relationships with indie booksellers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-19 12:00:51 UTC ]
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Simon & Schuster owner CBS has announced a merger with entertainment giant Viacom, reuniting the two firms that split in 2006. Continue reading at The Bookseller
[ The Bookseller | 2019-08-14 06:23:37 UTC ]
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Verizon has announced the sale of Tumblr, the fallen online community left over from the Yahoo acquisition, to the owner of WordPress, the website publishing company. On Monday, Verizon Media said it was unloading Tumblr, but did not disclose the terms of the deal. Axios reported the sale was... Continue reading at Advertising Age
[ Advertising Age | 2019-08-12 22:12:36 UTC ]
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Critical Linking, a daily roundup of the most interesting bookish links from around the web is sponsored by Libro.FM. “Despite ... Continue reading at Book Riot
[ Book Riot | 2019-07-25 10:30:48 UTC ]
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For years, I had been hearing about a secret bookstore on the Upper East Side, run by the owner out of his apartment. I thought that you could show up only in the company of a regular attendee. (I would later learn that this was not true, that Michael was, as he liked to say […] Continue reading at Literrary Hub
[ Literrary Hub | 2019-07-09 20:01:37 UTC ]
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When Crystal Bobb-Semple decided to host a Percy Jackson for young readers, she never imagined the fantasy series updating the Greek myths would change her life. The had officially ended a year... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-06-25 11:00:00 UTC ]
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The owner of New York's Book Culture bookshops says the business's four stores are in danger of closing unless they receive help from the city. Continue reading at The Bookseller
[ The Bookseller | 2019-06-25 02:20:48 UTC ]
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The company that recently bought has found someone to run it: a small media company called Maven. Authentic Brands Group bought Sports Illustrated from publishing giant But in a filing Monday,... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-06-18 15:21:07 UTC ]
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The building that's home to the famous Strand Bookstore in the East Village was designated a city landmark Tuesday despite warnings from the property's and store's owner that the status could... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-06-12 12:57:30 UTC ]
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The pilot killed when his helicopter of a Midtown skyscraper in rain and fog radioed that he was lost and trying to get back to the heliport but couldn't find it, an official briefed on the... To view the full story, click the title link. Continue reading at Crains New York
[ Crains New York | 2019-06-12 11:09:48 UTC ]
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James Daunt will be chief of both chains after deal hailed as boost for real-world bookshopsThe hedge fund owner of the UK’s largest book chain, Waterstones, has bought Barnes & Noble, the biggest chain in the US, in a $683m (£537m) deal heralded as a boost in their battle to preserve... Continue reading at The Guardian
[ The Guardian | 2019-06-07 14:11:50 UTC ]
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Federal lawmakers from Maryland and West Virginia have demanded a meeting with the owner of the Luke Mill, a Western Maryland paper factory shutting down this month. A Verso Corp. spokeswoman said CEO Les Lederer “expects to have a conversation” with the members of Congress and officials are... Continue reading at Baltimore Sun
[ Baltimore Sun | 2019-05-21 23:00:00 UTC ]
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ByteDance is looking to target territories where traditionally paid streaming music services haven’t caught on. Unless you’ve been living under a rock, or don’t have or know a teenager, you’re probably aware that the hottest social media app on the planet right now is TikTok. Well, now the app’s... Continue reading at Fast Company
[ Fast Company | 2019-05-21 06:07:11 UTC ]
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Salon’s new owners say they see an easy path to profits for the troubled news publisher. On May 8, Salon Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-05-20 19:00:45 UTC ]
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#trim costs
Longtime Boston publisher David R. Godine is stepping down at the end of the year from his eponymous publishing house, and new owner William N. Thorndike is already beginning to shape the press. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-09 00:00:00 UTC ]
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Welcome to the latest edition of Ad Age Publisher's Brief, our roundup of news from the world of content producers across digital and print. Got a tip? Send it our way. Joining us late? Here's the previous edition. All Peckered out: Supermarket tabloid the National Enquirer, as you’ve probably... Continue reading at Advertising Age
[ Advertising Age | 2019-04-12 00:00:00 UTC ]
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Welcome to the latest edition of Ad Age Publisher's Brief, our roundup of news from the world of content producers across digital and print. Got a tip? Send it our way. Joining us late? Here's the previous edition. A few comments about comments: In a letter sent out to Wall Street Journal... Continue reading at Advertising Age
[ Advertising Age | 2019-04-10 00:00:00 UTC ]
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Quiller has scooped a memoir by Alexander Lebedev, ex-KGB spy, oligarch and owner of the Evening Standard and Independent. Continue reading at The Bookseller
[ The Bookseller | 2019-03-07 00:00:00 UTC ]
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Reach, which also owns Daily Express and Daily Star, reports £120m pre-tax loss for 2018Reach, the publisher of the Daily Mirror and Daily Express, has warned about the impact of Brexit on advertising, as it made a £200m writedown on its newspaper business that pushed it into the red for... Continue reading at The Guardian
[ The Guardian | 2019-02-25 00:00:00 UTC ]
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Johnston Press, which also owns the Yorkshire Post, has debts of £220m and failed to find a buyerJohnston Press, the owner of the i, the Scotsman and Yorkshire Post, has gone into administration after being brought to its knees by debts of more than £200m.The publicly-listed newspaper publisher,... Continue reading at The Guardian
[ The Guardian | 2018-11-17 00:00:00 UTC ]
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