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Univision To Buy Gawker Media For $135 Million (recode.net) 138

An anonymous reader quotes a report from Recode: Univision has won the auction for Gawker Media. The TV network and digital publisher has agreed to pay $135 million for the bankrupt blog network, according to a person familiar with the deal. Univision's offer will encompass all seven of Gawker Media's sites, including Gawker.com. Ziff Davis and Univision were the only two bidders for Gawker, which filed for bankruptcy after Hulk Hogan and Peter Thiel won a $140 million judgment in a privacy case. Ziff Davis had originally offered $90 million for Gawker Media. Here's a statement from Gawker Media owner Nick Denton: "Gawker Media Group has agreed this evening to sell our business and popular brands to Univision, one of America's largest media companies that is rapidly assembling the leading digital media group for millennial and multicultural audiences. I am pleased that our employees are protected and will continue their work under new ownership -- disentangled from the legal campaign against the company. We could not have picked an acquirer more devoted to vibrant journalism." The deal won't be official for a bit. For starters, a U.S. bankruptcy court judge needs to sign off on the transaction. When it is final, the judgment funds will be set aside while Gawker appeals its court case; eventually the money will go to the side that wins.
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Univision To Buy Gawker Media For $135 Million

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  • by Anonymous Coward on Tuesday August 16, 2016 @08:25PM (#52716941)

    ...their 15 daily "Fuck Trump" articles will be in Spanish now?

    • Glad someone took this anti everything that isn't socialist, hipster crap website down. Click bait was about all they were good for. The employees better learn SPANISH, or they'll be replaced by illegal aliens.
    • Univision has been expanding its presence in English-language media for a while now. Its ownership of The Onion is a notable example. The Gawker purchase is a logical extension. But I wouldn't be shocked if they also use the purchase to make some Gawker-like content available in Spanish, probably on a new site.
  • by jfdavis668 ( 1414919 ) on Tuesday August 16, 2016 @08:26PM (#52716945)
    Maybe they will bring back "El Show de Xuxa". I know all the little kids miss that.
  • by wbr1 ( 2538558 ) on Tuesday August 16, 2016 @08:28PM (#52716957)
    ....that Hulk Hogan's penis is vibrant....
    • by Anonymous Coward

      ....that Hulk Hogan's penis is vibrant....

      especially after he's made a racist remark about African-Americans

  • by Anonymous Coward

    I was hoping Peter Thiel would buy it out of spite...

  • lo que una victoria!
  • by Anonymous Coward

    Watch out Trump! Soon you may find yourself in Gawker's Crosshairs!

  • I'm happy to hear the company is being sold but I really have to wonder about this. I was sure some pretty heavy hitters were financing Gawker for the sake of getting their narratives pushed. Maybe the Gawker name just became too toxic? We'll know if some other media company rises from obscurity to start shitting out the same kind of bias written by the same people.
  • Bring back bullying (Score:2, Interesting)

    by Anonymous Coward

    "Ultimately #GamerGate is reaffirming what we've known to be true for decades: nerds should be constantly shamed and degraded into submission."

    -- Sam Biddle, senior writer, Gawker Media

    OK now let's hear about the big bad man that launched a lawsuit and brought down this horrid organization for clearly crossing the line. It's a freedom of speech issue, amirite? Like how it was OK for them to post Hulk Hogan, but when the same thing happened to Jennifer Lawrence it was wrong.

    Gawker on Hulk: "We love to wat

  • I beg to differ (Score:4, Insightful)

    by El Cubano ( 631386 ) on Tuesday August 16, 2016 @09:01PM (#52717097)

    We could not have picked an acquirer more devoted to vibrant journalism.

    Really? Univision is one of the reasons I came to understand how blatant the liberal bias in the US media is. For example, there are lots of (legal) immigrants and children of immigrants who believe, now brace yourselves, that people who come to the US illegally are in fact criminals and that the right thing to do is to enforce the law. However, watching Univision's coverage of immigration-related matters, you will never hear anything about those people. All you will hear is how we need amnesty now. Come to think of it, they are really no different than any other major media outlet.

    Vibrant journalism indeed. I once had a great deal of respect for Univision and their news people, but they have certainly proved they are biased. For example, according to Univision hispanic/latino/a Democrat politicians are held in high regard because of how their ethnic background helps them better understand the plight of the common latino/a in this country. However, hispanic/latino/a Republicans are considered sell outs and are demonized. Come to think of it, black politicians suffer the same problem. You can't be ethnic and go against the approved group-think.

    I'll probably get modded into oblivion, but it's the truth.

    • Re:I beg to differ (Score:4, Insightful)

      by guises ( 2423402 ) on Tuesday August 16, 2016 @09:11PM (#52717147)
      God damn criminals, coming to the US illegally, what the hell were they thinking? We should get rid of all of those people. Also their decedents.

      George Washington = anchor baby
      • by guises ( 2423402 )
        Notable: judging from the number of upvotes and downvotes on this one, this (or the parent comment anyway) is apparently the most contentious post I've ever made.

        Weird.
    • by Anonymous Coward

      there are lots of (legal) immigrants...

      Sounds like my neighbors. Pretty much all of them. It's a real PITA to come here legally and should be fixed rather than going around the laws. When you do this and it is accepted, there's no pressure to change the laws and makes everyone a criminal.

    • Univision, like the other major Spanish language media sources in the US, has biases. All of the big Spanish language players share the positions you name, because they are also the opinions of the majority of Latinos in the US. I have seen contrary opinions expressed in smaller newspapers and magazines.

      Despite its imperfections, I do find Univision to be a useful counterpoint to what the English language media are saying. They report stories that the English language media are ignoring, and take different

  • by Anonymous Coward

    Besides a guarantee of continued harassment from Hulk Hogan's lawyers?

    Just asking.

  • by Anonymous Coward on Tuesday August 16, 2016 @09:29PM (#52717189)

    Fuck Univision and Gawker.

  • by Anonymous Coward

    Univision's offer will encompass all seven of Gawker Media's sites

    Gawker, Gizmodo, Deadpan, Jalopnik, Jezebel, Kotaku, Lifehacker, Fleshbot.

    I count eight.

    Or did Univision not get Fleshbot in the deal

  • I'm not a fan of Gawker as a whole. Hopefully Univision can give them a bit of legitimacy, or at least hotter women.

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