So today the news came down that Gizmodo Media (which includes Kotaku, AV Club, The Onion, and Deadspin) was going to be purchased by some fund, Great Hill Partners from their old owner, Univision. Today the new owner had some ominously vague plans for their future:
This guy is apparently connected to Tribune Inc (Aka Tronc) the morons who bought and gutted the NY Daily News last year. His grand vision to basically shill for advertisers isn’t really inspiring me either. So in 2021 or so if you’re why Kotaku and the AV Club shut down, you’ll know who to blame.
Univision was apparently bleeding money in general so it’s hard to say if Gizmodo was unprofitable. Clearly there’s not a lot of money in media, which we know, but it’s sad to see a company I really love to read end up in the hands to somebody this sketchy.
(I won’t say where but I worked for a website run by somebody exactly like this with the same vague buzzword language. Let’s just say it never worked out for anybody. I still have friends looking for jobs after the fallout of that.)
Any thoughts? Am I chicken littling too much?