8/2/2023 0 Comments Gawker univision![]() ![]() They then discussed selling some smaller titles separately that July, and then eventually agreed to a deal to sell everything to Meredith (for about $1.84 billion) last November. initially declined to proceed with that sale in April 2017, leading to a stock drop. Meredith Corporation, known for publishing female-focused magazines like Better Homes and Gardens, Martha Stewart Living and so on, was long rumored as a buyer, but they showed particularly little interest in SI, raising questions about its future. ![]() sale, which saw the company initially ask for offers on its whole portfolio (covering everything from Time to Sports Illustrated to Entertainment Weekly to Essence) in March 2017 following an unsuccessful takeover bid from Edgar Bronfman Jr., Len Blavatnik and associates in November 2016. This story has some similar challenges to the ones seen in the long-running Time Inc. Kim Clijsters talks women’s sports’ drive for equality, International Tennis Hall of Fame, and more.The American Gladiators Documentary delivers, but not for the reasons you may have hoped for.Inside The NBA pays tribute to retiring producer Tim Kiely: ‘You’re the best of all time.’.NBC exec Jon Miller: ‘We have no desire to be the network of soccer’.And selling these titles off together could become even more challenging if the Onion portfolio is going to be part of this package deal too. That was part of the limited bidding for Gawker’s assets in bankruptcy court, which saw only Univision and Ziff Davis (which could be involved again) make formal bids. Some publishers might find some Gizmodo Media Group titles to be a great fit with their current catalogue, but might not have interest in the others. The Gizmodo Media Group package may be a difficult one to sell in its own right, as those titles (many of which were part of the Gawker group, but The Root was owned by Slate until its sale to Univision in 2015, Earther was launched after the Gawker acquisition, and Splinter is the rebranded Fusion website, which Univision owned before picking up Gawker) are exceptionally different, covering everything from tech to sports to cars to “nature for nerds” (Earther), “politics and social justice news” (Splinter), “celebrity, sex and fashion for women – without airbrushing” (Jezebel), and “Black news, opinions, politics and culture” (The Root). Or they might be motivated to break those properties up and sell some or all of them off individually. If the offers for the Gizmodo side are well below the $135 million Univision paid, they might have incentive to hang on to those properties for now, presuming they’re not losing too much money or provoking too many lawsuits. And it should be noted that these kinds of exploratory talks don’t always lead to sales, even once investment bankers have been retained a lot may depend on what kind of offers come in. The release also notes that they’ve engaged investment firm Morgan Stanley “to assist in the process,” but that no sale is assured. The GMG digital portfolio includes Gizmodo, Jezebel, Deadspin, Lifehacker, Splinter, The Root, Kotaku, Earther and Jalopnik and The Onion portfolio includes, The Onion, Clickhole, The A.V. Hispanics, while enabling both GMG and The Onion even greater opportunities to grow under new ownership. ![]() The Company determined that pursuing a sale of GMG and The Onion collectively will allow UCI to focus on its core assets and further strengthen UCI’s position as the No. (UCI), the leading media company serving Hispanic America, today announced that the Company has initiated a formal process to explore the sale of the assets comprising the Gizmodo Media Group (GMG) and The Onion. Following rumors of them selling all or part of Fusion Media (the larger entity the renamed Gizmodo Media Group was rolled up into after the 2016 acquisition) this weekend, Univision sent out a press release Monday that they’ll “explore” selling Gizmodo Media Group and The Onion: Now, Univision may be looking to move on. Back in August 2016, Univision acquired the-then Gawker Media Group for $135 million in a bankruptcy auction spurred by Hulk Hogan’s Peter Thiel-funded lawsuit, shutting down flagship site Gawker, but picking up titles such as Deadspin, Gizmodo, Kotaku, Jalopnik and more. ![]()
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