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

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.

Comments

I beg to differ

[El Cubano]

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

[guises]

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

Re: I beg to differ

[Anonymous Coward]

people didn't just show up here with out going through a legal process

They took everyone who came off the boat. And most of them worked out quite well, thank you very much.

So are the new immigrants, documented or otherwise. They're filling needed jobs and helping to keep the local economies moving by doing tough, dirty, and low-paying work that most citizens don't want. Storekeepers don't want some to hire some rich kid who'll quit after three weeks because the work isn't what the precious little brat expected. They have businesses to run. The fact that many immigrants have fewer options makes them more desireable. That was true in 1700 and 1845 and 1870 and 1920 and 1980. That's what America is.

Re: I beg to differ

[El Cubano]

They're filling needed jobs and helping to keep the local economies moving by doing tough, dirty, and low-paying work that most citizens don't want.

This is what I don't get. The problem isn't that citizens won't do the jobs. The problem is that employers don't want to pay what the market demands. Do you realize that the argument you make is the exact same argument used by those support expanding the H1B program? Heck, why even bother? Just tell tech companies to start hiring illegal immigrants because citizens don't want to do the tough, dirty, low paying job of developing software or managing IT systems.

Re: I beg to differ

[meta-monkey]

Democrats in 1860: "If we free the slaves, who'll pick the cotton?"

Democrats in 2016: "If we enforce immigration and labor laws, who'll pick the tomatos?"

Soros bailing out one of his cronies

[Anonymous Coward]

Fuck Univision and Gawker.

Re: Does this mean...

[haruchai]

Carter banned Muslims from entering the country .

No, he didn't. He banned Iranian nationals for a time, regardless of their religion and explicitly as a pressure tactic because of the hostage crisis.

Re: Does this mean...

[cbraescu1]

And rightfully so. They are prisoners of war, not guests in the Hamptons.

Actually they are *not* prisoners of war, and that's the whole conundrum about them.

Re: Does this mean...

[Coren22]

Funny, but when I read about Trump's plan, that was exactly what he proposed. He wanted to ban all people coming from Syria. But I guess when you hate someone, you just need to find reasons for your hate, and not actually look at things for yourself.