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[zeorhymer]

GMG, which includes former Gawker properties Gizmodo, Jezebel and Deadspin, among others, as well as Splinter and the satirical site The Onion, is being sold to Great Hill Partners, private equity firm. Terms of the sales were not disclosed....The newly acquired assets will form a company called "G/O Media Inc.," Great Hill said Monday.

Full article

Well I'll be. I smell "restructure" coming along. I wonder if this is why Jason made that hit piece to burn his bridges before jumping ship.

 

[alabtrosMyster]

I have not taken Gizmodo seriously in the last 15 years or so, so why did they pay for this? Does the site do anything else than print ads on press releases now a days?

 

[juliotendo]

They were also sold at a loss. There’s nothing original or interesting on those rags anyways.

 

[DunDunDunpachi]

Glad to see these outlets fading into obscurity and unprofitability.

 

[DeepEnigma]

The company was reported to have been offloaded to Great Hill Partners for under $50m, according to Recode, about a third of what Univision paid for it just three years ago. Since then investors have soured on digital media companies, many of which have struggled to match substantial audiences built on the back of Facebook and Twitter.

https://www.theguardian.com/media/2...onion-among-sites-sold-to-private-equity-fund



Get woke, go broke... again.

 

[20cent]

I have not taken Gizmodo seriously in the last 15 years or so, so why did they pay for this? Does the site do anything else than print ads on press releases now a days?

I used to read them when they were a "cooler" engadget alternative (and tech was still an interesting subject), until they lost all their credentials with Apple for revealing / buying a lost iPhone 4 from a drunk engineer. After that it was only shit.

 

[epicnemesis]

Full article

Well I'll be. I smell "restructure" coming along. I wonder if this is why Jason made that hit piece to burn his bridges before jumping ship.

What hitpiece?

 

[MayauMiao]

Nothing of value was lost. Hope the same happens to Waypoint and Polygon.

 

[Screamer-RSA]

Lol a third of what it was worth 3 years ago?

These are the sites that apparently made a decision to push left leaning narratives, according to Tim Pool who worked for Vice. I guess that didn't work out so well...

 

[Chairman Tickles]

A 66% decline in valuation since 2016. Ewwww. Yucky. Let it rot. Stop poking it with a stick.

 

[hariseldon]

It looks a lot like how MySpace got passed around between various entities over the years. I reckon they're fucked then.

 

[Hendrick's]

Hopefully they will shutter Kotaku.

 

[Barnabot]

Nothing of value was lost. Hope the same happens to Waypoint and Polygon.

Leave Waypoint alone!!

Quick close your eyes! Don't let these toxic males get you down.

 

[MayauMiao]

Gizmodo level of journalism:



So I'm glad the site is dying.

 

[ResilientBanana]

I frequent gizmodo, but don't like to. What are some other good sites with similar content?

 

[KoolAidPitcher]

If you thought the clickbait and desperation from these outlets has been bad thus far, just wait until private equity gets their hands on them. They are going to publish nonstop trash-- literally anything to get you to click their articles and view ads.

 

[hariseldon]

I frequent gizmodo, but don't like to. What are some other good sites with similar content?

Engadget might be worth a look, The Register too, though the latter is showing some signs of wokeness (esp re Linux code of conduct).

 

[pimentel1]

Lol a third of what it was worth 3 years ago?

These are the sites that apparently made a decision to push left leaning narratives, according to Tim Pool who worked for Vice. I guess that didn't work out so well...

Yep, and anyone that disagreed with their views, their comments were made invisible. A tactic The Root even once gloated about using on white people. Racist pricks.

 

[Shakka43]

Perhaps they can now add some diversity into their work force.

 

[The Mad Draklor]

For Gizmodo to be sold for less than a third of its purchased value proves that people are getting tired of their journo-activism trash. Could Polygon be next?

 

[Daniel Thomas MacInnes]

Whenever I see the words "private equity firm," I always think of that part in Goodfellas where the mafia takes over that tiki restaurant, then drains it to the bones, stripping the paint off the walls, then finally torching the place to collect the insurance money.