 Bryan Goldberg |
Gawker will be dishing out the gossip once more early next year, according to Bryan Goldberg, whose Bustle Media Group came out on top in an auction for Gawker Media’s assets in July.
Goldberg has enlisted Amanda Hale, the former chief revenue officer and senior VP, strategy and growth of website The Outline, to serve as Gakwer’s publisher. Hale has also served as associate publisher and VP, advertising & creative solutions for Talking Points Memo Media and advertising director of the The Nation. She was also a communications staffer for David Axelrod & Associates, working on Barack Obama’s senate campaign and John Edwards’ presidential run.
No editorial staffers for the revived site have been named.
In a memo to Bustle employees, Goldberg said: “We won’t recreate Gawker exactly as it was, but we will build upon Gawker’s legacy and triumphs—and learn from its missteps.”
Presumably the misstep it will learn the most from is the publishing of a sex tape featuring wrestler Hulk Hogan. That misstep led to a $140 million decision against Gawker Media, followed by a $31 million payout to Hogan and the bankruptcy of the company.
Gawker Media’s non-Gawker assets were then actioned off for $135 million to Univision, which is now looking into selling them off.
A spokesperson for Bustle told TechCrunch that the company “will be investing significant resources in this relaunch, and we will continue to make futher announcements as plans progress.”
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
Have a comment? Send it to 
No comments have been submitted for this story yet.