Apple Magazine - Issue 389 (2019-04-12)

(Antfer) #1

Univision has sold tech site Gizmodo, satirical-
news hub The Onion and other English-
language sites to the private equity firm Great
Hill Partners. Terms were not disclosed.


The Spanish-language broadcaster bought
much of what was then known as Gawker
Media for $135 million in 2016 after the gossipy,
confrontational media company lost a privacy suit
against Hulk Hogan. (The original Gawker.com
has a different owner. It is being relaunched by
another digital media company, Bustle.)


Just a few years ago, Univision was investing in
English-language digital sites aimed at young
people. It had bought The Onion in January
2016 and African-American news site The Root
in 2015.


UNIVISION UNLOADS GIZMODO, THE ONION TO PRIVATE EQUITY FIRM
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