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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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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Time magazine's current owner has some advice for billionaire Marc Benioff and his wife, who are acquiring the iconic publication: Its days as a weekly should probably be over.Meredith Corp., the publisher that agreed to sell Time for $190 million last month, suggests that the title will need an... Continue reading at Advertising Age
[ Advertising Age | 2018-10-04 00:00:00 UTC ]
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Book recommendation website LoveReading has unveiled a raft of changes including an interactive 'kids zone', a specific review facility for self-published authors, a podcast series and plans to link to high street shops. Continue reading at The Bookseller
[ The Bookseller | 2018-08-09 00:00:00 UTC ]
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One person suggested Amazon bookstores should replace public libraries. Readers disagreed. Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-07-24 00:00:00 UTC ]
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A group of investors led by Esteem Media founder Adam Japko has acquired the company six weeks after allegations surfaced against owner Kevin Thomas. The post Maine Magazine Finds New Owners After Harassment Allegations Force Sale appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-06-14 00:00:00 UTC ]
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Porter Square Books owners Dina Mardell and David Sandberg are selling half their stake in their Cambridge, Mass., bookstore to their senior staff members. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-03-14 00:00:00 UTC ]
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In a post headlined "Report: We Don't Make Any Money If You Don't Click The Fucking Link," The Onion this morning published what may be the definitive explanation of the economics of online publishing, particularly as it relates to social media. The unbylined post from "America's Finest News... Continue reading at Advertising Age
[ Advertising Age | 2018-03-02 00:00:00 UTC ]
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This is a transcript of the Oct. 15 edition of Working. These transcripts are lightly edited and may contain errors. For the definitive record, consult the podcast. Continue reading at Slate
[ Slate | 2017-11-03 00:00:00 UTC ]
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Changes to the Facebook newsfeed are generally somewhat controversial, not least because many people wish Facebook would just stop buggering around and leave things as they are for a while. But the latest change that's being tested has some people -- page owners and publishers in particular --... Continue reading at Betanews
[ Betanews | 2017-10-24 00:00:00 UTC ]
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Pavilion Books is to publish the debut by Darjeeling Express restaurant owner Asma Khan. Continue reading at The Bookseller
[ The Bookseller | 2017-10-21 00:00:00 UTC ]
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“I just really wish we knew our fate,” wrote Carole Meredith in a recent Facebook post as she waited out her evacuation from her winery and home on Mt. Veeder. Meredith, of Lagier Meredith vineyard in the Napa Valley, is one of the many affected by the multiple wildfires burning in Northern... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-10-17 00:00:00 UTC ]
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Over the past six episodes of Working, we’ve been talking with writers and artists about how comics get made. In this episode, which you can listen to via the player above, we’re looking at how they make their way into readers’ hands. Continue reading at Slate
[ Slate | 2017-10-15 00:00:00 UTC ]
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In their new book, Biblical scholars Candida Moss and Joel Baden examine the Green family’s collection of antiquities planned for their $500 million Museum of the Bible, and question how the Hobby Lobby owners might be able to control the conversation about the Bible through it. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-25 00:00:00 UTC ]
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Oreva Capital has backed a management-led buyout of Here Publishing, rebranding it Pride Media Inc. The post Owner of High Times Acquires LGBT Magazines Out and The Advocate appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-09-11 00:00:00 UTC ]
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Michèle Laouénan, the owner of The Book Shop in Liskeard, Cornwall, has put the shop up for sale as she prepares for retirement. Continue reading at The Bookseller
[ The Bookseller | 2017-07-24 00:00:00 UTC ]
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The shopkeeper dubbed "rude and offensive" is selling his business in North Yorkshire. Continue reading at The Bookseller
[ The Bookseller | 2017-07-19 00:00:00 UTC ]
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Big Green Bookshop co-owner Simon Key came face to face with presenter Piers Morgan on ITV this morning (26th June) - months after the pair had a heated Twitter feud over the merits of J K Rowling’s Harry Potter series. Continue reading at The Bookseller
[ The Bookseller | 2017-06-27 00:00:00 UTC ]
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Edinburgh-based radical bookshop Word Power is looking for a new owner after founder Elaine Henry has decided to step away from the business. Continue reading at The Bookseller
[ The Bookseller | 2017-02-16 00:00:00 UTC ]
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Despite generating $5 million in sales a year, Neil Van Uum is closing Booksellers at Laurelwood in Memphis, Tenn., citing rent hikes and slowing sales as the culprit. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-10 00:00:00 UTC ]
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A secondhand bookshop owner in North Yorkshire who charges customers 50p for entry has received complaints about rudeness after calling a customer a “pain in the arse”, according to a Press Association report. Continue reading at The Bookseller
[ The Bookseller | 2017-01-06 00:00:00 UTC ]
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