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
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 ]
More news stories like this | News stories tagged with:
#west virginia
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 ]
More news stories like this | News stories tagged with:
#emerging markets
#bloomberg reports
#streaming music
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 ]
More news stories like this | News stories tagged with:
#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 ]
More news stories like this | News stories tagged with:
#management team
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 ]
More news stories like this | News stories tagged with:
#reader engagement
#rising stars
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 ]
More news stories like this |
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 ]
More news stories like this | News stories tagged with:
#evening standard
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 ]
More news stories like this | News stories tagged with:
#publishing rights
#pretax loss
#trinity mirror
#newspaper business
#daily express
#daily mirror
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 ]
More news stories like this | News stories tagged with:
#last-ditch effort
#yorkshire post
#johnston press
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 ]
More news stories like this | News stories tagged with:
#deutsche bank
#$190 million
#meredith corp
#current owner
#time magazine
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 ]
More news stories like this | News stories tagged with:
#self-published authors
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 ]
More news stories like this | News stories tagged with:
#readers disagreed
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 ]
More news stories like this | News stories tagged with:
#investors led
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 ]
More news stories like this |
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 ]
More news stories like this | News stories tagged with:
#generate revenue
#digital publication
#online publishing
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 ]
More news stories like this | News stories tagged with:
#definitive record
#lightly edited
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 ]
More news stories like this | News stories tagged with:
#latest change
#page owners
#facebook offers
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 ]
More news stories like this | News stories tagged with:
#pavilion books
“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 ]
More news stories like this | News stories tagged with:
#northern california
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 ]
More news stories like this |