Gawker univision6/17/2023 ![]() ![]() In May 2015, Univision picked up The Root, which was founded in 2008 and, under the leadership of prominent Harvard academic and African-American activist Henry Louis Gates, Jr., covers breaking news while trying to “give voice to a changing, more diverse America.” Then, i n August 2015, Univision made what thus seems an obvious investment for a non-controlling stake in fuboTV, a cloud-based video platform for sports that provides live streaming of soccer matches. According to the PitchBook Platform, its acquisitions have cleaved evenly between B2C and IT. One vision: Acquisitionīefore making a move on Gawker, Univision picked up other companies working in a range of media, old and new, satirical and serious. With Gawker soon to take its place among its stable of media companies, Univision may have just positioned itself well for making good on that IPO it postponed late last year. The company has made several significant moves of late that have helped it reach wider and, crucially, younger audiences more inclined to use new forms of media. The Gawker purchase is only the latest in a busy few buy-years for Univision. The deal now heads into review by a bankruptcy judge. The PE-backed acquirer beat the “stalking horse" bid of $90 million made by media company Ziff Davis, which will now receive $2.47 million for its trouble alongside an expense reimbursement up to $1.25 million, according to Bloomberg. The new owner took down the stories, it said, because of “a desire to have a clean slate as we look to support and grow the editorial missions of the acquired brands.Univision, best known in the US for its Spanish-language broadcasting, has acquired Gawker Media in a bankruptcy auction for $135 million. Univision continues to operate Gizmodo, Deadspin and Jezebel, among other assets. Cook did not respond to an email seeking comment.Īll in all, it was a rocky first business day for Univision, which on Friday closed on its $135 million purchase. The Gawker Media staff are irked because they believe the deleted posts are well reported and true. None of the deleted posts was at the original site, which was not included in the sale and is now looking for a party to pay server costs so that it can maintain the archive, The Post has learned. The union said it will now seek to “rebuild trust” with management of the media conglomerate. “We have seen firsthand the damage that a targeted lawsuit campaign can do to companies and individual journalists,” the union said in its statement, “and the removal of these posts can only encourage such attempts in the future.” On Monday afternoon, the union representing Gawker writers condemned the story deletions by Univision “in the strongest possible terms” and said it “sets an alarming precedent.” Univision did not delete a host of other posts that are “under threat of litigation,” sources told The Post. ![]() Univision did not agree to assume Gawker Media’s legal liabilities. Three of the deleted posts were on Deadspin and two were on Gizmodo. Univision insists it removed the posts, including one on Jezebel, “Man Acquitted of Sexual Assault Sues Blog for Calling Him Serial Rapist,” because each is the subject of litigation. ![]() Daulerio was personally sued by Terry Bollea, aka Hulk Hogan, and was found liable by a Florida jury alongside Nick Denton’s struggling media empire. Staffers are covered under Univision’s general legal insurance policy that applies to all its editorial staff, according to sources, but the group of reporters wanted better protections than they had even before Gawker Media collapsed into Chapter 11 and was scooped up by Univision. Irate Executive Editor John Cook and staffers are expected on Tuesday to conclude two days of talks with their new bosses at Univision after the two sides fought over the decision to delete six posts from the embattled digital media company’s stable of sites, The Post has learned.Īlso expected to be discussed at the meeting was staffers’ request that Univision indemnify them personally for stories published - a request that the media giant denied, sources said. Gawker Media staffers aren’t taking to life in corporate America too well. Gawker begs readers to have an 'open mind and heart' in quiet relaunchįirebrand writer tapped to bring Gawker back from the dead News, gossip site Gawker shuts down - again!ĭeadspin owner G/O Media buys business news site Quartz
0 Comments
Leave a Reply. |