Gizmodo Media Group
Gizmodo Media Group
Subsidiary
Predecessor Gawker Media
Founded 2016
Key people
Raju Narisetti
(CEO)
Owner Univision Communications
Parent Fusion Media Group
Subsidiaries Deadspin, Lifehacker, Gizmodo, Kotaku, io9, Jalopnik, AV Club and Jezebel
Website gizmodo.com

Gizmodo Media Group is an online media company and blog network operated by Univision Communications in its Fusion Media Group division. The company was created from assets acquired from Gawker Media during its bankruptcy in 2016.[1]

History

Univision acquisition (2016)

On June 10, 2016, Gawker Media filed for Chapter 11 bankruptcy protection after the company was ordered to pay $115 million in compensatory damages and a further $25 million in punitive damages in Bollea v. Gawker.[2]

On August 16, 2016, Univision Communications purchased Gawker for $135 million.[1] The purchase did not include the flagship website Gawker.[1] Univision named the unit Gizmodo Media Group after one of its blogs, Gizmodo, in an effort to distance itself from the Gawker name.[3]

On September 10, 2016, Univision removed six controversial posts from various Gawker Media sites, each with the note: "This story is no longer available as it is the subject of pending litigation against the prior owners of this site."[4]

On September 21, 2016, Raju Narisetti was named as CEO of Gizmodo Media Group.[5][6]

Very Smart Brothas

On July 7, 2017, Gizmodo Media Group acquired the blog, Very Smart Brothas. [7]

References

  1. ^ a b c "Univision to Buy Gawker Media for $135M". The Hollywood Reporter. Retrieved . 
  2. ^ Balakrishnan, Anita (2016-06-10). "Gawker Media auction starts with Ziff Davis bid amid bankruptcy". CNBC. Retrieved . 
  3. ^ Villafañe, Veronica. "Univision Rebrands Gawker Media As Gizmodo Media Group; Starts Translating Content For Univision.com". Forbes. Retrieved . 
  4. ^ Sterne, Peter. "Univision deletes six controversial Gawker Media posts- POLITICO Media". Politico.com. Retrieved . 
  5. ^ Todd Spangler (2016-09-21). "Univision Hires Raju Narisetti to Run Sites Acquired From Gawker Media". Variety. Retrieved . 
  6. ^ "Univision Hires News Corp Vet to Lead Former Gawker Media Sites". Hollywood Reporter. 2016-09-21. Retrieved . 
  7. ^ "Gizmodo Media Group Announces Very Smart Partnership". Associated Press. 2017-07-17. 

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.


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