3/15/2023 0 Comments Gawker blog![]() ![]() Social media users wasted no time in roasting Goldberg for shuttering Gawker. “I don’t see a realistic possibility of buyers at this moment, especially ones who want to run it as a media publication,” he said. Goldberg didn’t expect a Gawker 3.0 to resurface in the future. I had an absolute blast, and I love you.” “Can’t say enough about how proud I am of the site and all the brilliant people who worked to create it, and what a staggering shame this is. “Well, after an incredible 1.5 years, BDG has decided it is done with Gawker 2.0,” Finnegan wrote. The site’s editor-in-chief, Leah Finnegan, broke the news to the disheartened staff in a tweet Wednesday. Gawker employed around 11 staffers - all of whom will likely need to find new jobs, The Post has learned. BDG has made the decision to reprioritize some of our investments that better position the Company for the direction we see the industry moving.” In a memo to BDG staff, Goldberg wrote: “After experiencing a financially strong 2022, we have found ourselves facing a surprisingly difficult Q1 of 2023. “We hired talented editors and writers and launched a product we were proud of, but we’re just not in a position to commit more capital to it,” Goldberg added. Goldberg blamed the economic downturn for forcing his hand, telling The Post, “Advertisers don’t want to take risks right now.” ![]() “They also weren’t allowed to write anything political or remotely controversial, which killed the spirit of what it once was.” Gawker began as a lifestyle and culture blog more than 20 years ago. “Gawker came with way too much baggage and it was impossible to sell advertising,” the source said. The site’s checkered past hindered its ability to throw its weight around, a source with knowledge of the situation told The Post. “It was a different era when we bought the property in 2018. “It was always going to be risky it was gutsy, but we knew it was something that was going to take a long time to get going and it’s more uphill now,” Goldberg said. Bryan Goldberg, the brash CEO of Bustle Digital Media who is seen here holding a hat worn by Napoleon Bonaparte, announced that Gawker would be shut down. Goldberg, who famously spent $1.4 million in 2021 to buy a two-cornered hat worn by French emperor Napoleon Bonaparte, scooped up the defunct Gawker for $1.35 million at auction in 2018. “There was virtually zero revenue. We were passionate about it and we funded the losses via the other properties.” Annual budget in the millions and it operated at a financial loss,” Goldberg told The Post on Wednesday. Gawker - the irreverent news and gossip website resurrected in 2021 after being forced out of business when it lost a $140 million lawsuit filed by wrestler Hulk Hogan for publishing his sex tape - is shutting down for a second time.īryan Goldberg, the controversial CEO of Bustle Digital Group, announced Wednesday he is scrapping the money-losing site as part of a wider shakeup at his media company.īDG is cutting 8% of its 700-member workforce across publications that include lifestyle titles Bustle, Elite Daily, W Magazine and Nylon. Gawker begs readers to have an ‘open mind and heart’ in quiet relaunchįirebrand writer tapped to bring Gawker back from the deadįormer Gawker editor withdraws defamation lawsuit against ex-employee ![]() Deadspin owner G/O Media buys business news site Quartz ![]()
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