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CBS News reports that Univision has won the auction for Gawker Media. Univision bid $135 million for the company. The only other bidder was Ziff Davis. The sale must be approved by a bankruptcy court.
From the article:
Spanish-language broadcaster Univision won an auction Tuesday for Gawker Media, which was put on the block in the aftermath of a $140 million judgment against it in the Hulk Hogan invasion-of-privacy case.
Univision is paying $135 million for the online gossip and news publisher, according to a person familiar with the matter who asked not to be identified because the deal had not been formally announced.
In a statement Tuesday evening however, Gawker's founder confirmed they agreed to sell their business and brand to Univision.
Expanding from its Spanish-language base, Univision has been investing in media properties aimed at young people, including taking a stake in satirical website The Onion in January. In April, it said it was taking full control of Fusion, a TV channel and website aimed at English-speaking young people it had launched with ABC in 2013.
Univision outbid Ziff Davis, the owner of tech and gaming sites, in the auction for Gawker Media. They were the only two bidders, according to a person familiar with the bankruptcy auction. A judge must still approve the sale at a hearing Thursday.
previously:
Hulk Hogan Awarded $115 Million in Privacy Suit Against Gawker Media
Hulk Hogan's Sex Tape and a Tech Billionaire's Revenge on Gawker
Gawker Files for Chapter 11; Won't Pay Hulk Hogan and Peter Thiel
(Score: 3, Interesting) by Runaway1956 on Thursday August 18 2016, @03:40PM
How the hell do you tell which is gossip, and which is news? I'm reminded of the Enquirer, which was always beside the checkout lane at the grocery store. Mama often bought one when she shopped. I don't remember what age I was when I figured out that you could believe nothing in that rag. Some people never seem to figure that out, though.
(Score: 5, Funny) by Ethanol-fueled on Thursday August 18 2016, @04:11PM
The Mexicans are just as bad as the Brits with regard to their juxtaposition of gossip and actual news, except a lot more loudly and with hotter and more numerous curvaceous hosts and narrators.
For Mexicans, all media is like a Novela [wikipedia.org], really dramatic, although there are no ugly women and male hosts are allowed to be fat and misogynistic. Just watch one of their shows -- The Female hostess will say something mildly controversial and the male host will yell, "Aiiiiiiiiiiiiiyyyeeeeeeeee! Ay-yay-AY! Ave Maria Purisima! Que Dolore! La puta Vida!" and then both of them will start shouting over each other until the bikini girls start dancing around the stage and the show ends.
(Score: 2, Informative) by nitehawk214 on Thursday August 18 2016, @04:29PM
Its the news networks that brought us Yanet Garcia, so not all is bad.
"Don't you ever miss the days when you used to be nostalgic?" -Loiosh
(Score: 0) by Anonymous Coward on Thursday August 18 2016, @06:45PM
I mean who cares about Gawker not continuing... Yanet Garcia on the other hand.
(Score: 2) by archfeld on Thursday August 18 2016, @09:41PM
But I love watching Univision day time TV. I get to make up my own dialogue and watch the hotties dance about like nitwits on shrooms. It reminds me of the Benny Hill show way back in the day.
https://www.youtube.com/watch?v=epKqu_VHbQU [youtube.com] Benny Hill from YouTube
For the NSA : Explosives, guns, assassination, conspiracy, primers, detonators, initiators, main charge, nuclear charge
(Score: 0) by Anonymous Coward on Thursday August 18 2016, @06:17PM
The Enquirer did break the Monica Lewinsky story.
https://en.wikipedia.org/wiki/National_Enquirer#Notable_stories_and_lawsuits [wikipedia.org]