Morning Agenda: Univision Wins Gawker Auction
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Nick Denton, who founded Gawker in 2002. The sale will give the freewheeling company an outside owner for the first time since its start 14 years ago. CreditEve Edelheit/Tampa Bay Times, via Associated Press
Is it the end of an era? The bids are in, and it looks as if Gawker has been sold to Univision, a Spanish-language network with an appetite for online offerings in English. If a bankruptcy judge approves the sale this week, Gawker will come under outside ownership.
The gossipy, freewheeling company will join a much larger stable of publications at Univision that includes The Onion and The Root.
Univision beat Ziff Davis with a $135 million bid, according to three people with direct knowledge of the deal. It will not assume the $140 million judgment that led to Gawker’s bankruptcy, and it is unclear whether the founder, Nick Denton, will remain with the company. (There have been indications he may be ready to step away.)…
Morning Agenda: Univision Wins Gawker Auction
