We have an update to Univision’s $135 million acquisition of Gawker Media. Latest reports indicate that the deal will not save the company’s flagship site, and Gawker.com will shut down next week. “The website itself won’t go dark when it stops publication, but it won’t have anyone running it,” reports Recode. Gawker Media’s remaining sites — including Gizmodo, Deadspin and Jezebel — will be folded into Fusion Media Group, Univision’s English-language digital media division, as part of the company’s push to target millennials. Univision recently invested in The Onion, The Root and Fusion. Continue reading Univision Acquisition Marks End of the Road for Gawker.com

TV network and digital publisher Univision will purchase Gawker Media for $135 million, a deal that includes all seven of the blog network’s sites, including Jezebel, Deadspin and Gawker.com. The only other bidder in the auction, Internet publisher Ziff Davis, originally offered $90 million. “I am pleased that our employees are protected and will continue their work under new ownership — disentangled from the legal campaign against the company,” said Gawker Media owner Nick Denton. “We could not have picked an acquirer more devoted to vibrant journalism.” Continue reading Univision Outbids Ziff Davis, Buys Gawker in $135 Million Deal

Fusion, a cable channel aimed at millennials, is relaunching its website to re-imagine its brand and the field of digital journalism. The site will now feature six sections led by some star hires, including alums from The Atlantic, Daily Beast, and Jezebel. ABC and Univision, the two corporate parents of the operation, will use the site as an “innovation lab” to experiment with coverage that interests the coveted millennial demographic, such as more stories that focus on inclusiveness and social justice. Continue reading Fusion’s New Site Plans to Experiment with Digital Journalism