By Tali Arbel, Business Writer
NEW YORK (AP) --Univision has sold tech site Gizmodo, satirical-news hub The Onion and other English-language sites to the private equity firm Great Hill Partners. Terms were not disclosed.
The Spanish-language broadcaster bought much of what was then known as Gawker Media for $135 million in 2016 after the gossipy, confrontational media company lost a privacy suit against Hulk Hogan. (The original Gawker.com has a different owner. It is being relaunched by another digital media company, Bustle.)
Just a few years ago, Univision was investing in English-language digital sites aimed at young people. It had bought The Onion in January 2016 and African-American news site The Root in 2015.
But the strategy didn't turn out well. The sites were not profitable and the company has refocused on Spanish TV. Univision, based in New York, put them up for sale last summer.
Several digital-media companies have recently run into trouble. For example, BuzzFeed laid off workers to help it become profitable, while Mic sold itself to Bustle after firing most of its employees. The online-ad business is dominated by tech giants Google and Facebook. Amazon is also encroaching on that space.
Great Hill said Monday that it's calling its new media company "G/O Media." The collection of sites also includes the female-focused Jezebel, sports site Deadspin and pop-culture site "A.V. Club." James Spanfeller, a digital-media veteran who is the former Forbes.com CEO, will lead the company and is also a "significant" investor in it.
Great Hill has previously invested in media companies, including Ziff Davis, the publisher of PCMag.com, which it sold in 2012.
ABC will air 6 additional “Monday Night Football” games starting this week with Bills-Jets
ABC will simulcast six more ESPN "Monday Night Football" games, including Monday's AFC East matchup between the Buffalo Bills and the New York Jets.
The addition of the six games means ABC will air 17 this season — 14 simulcasts with ESPN (including two playoff games) and three games exclusively on ABC.
The decision to simulcast more games was a joint decision between the NFL and Walt Disney Company, which owns ABC and ESPN.
The other added games are Baltimore at Tampa Bay (Oct. 21), Tampa Bay at Kansas City (Nov. 4), Houston at Dallas (Nov. 18), Baltimore at Los Angeles Chargers (Nov. 25) and New Orleans at Green Bay (Dec. 23).
The only two Mondays the rest of the regular season where ABC will not have a game are Nov. 11 and Dec. 2.
ABC had games all 18 weeks last season due to an agreement with the NFL since there was no new original fall programming due to the Hollywood writers and actors strikes. With more games on network television, "Monday Night Football" averaged 17.36 million viewers across ESPN, ESPN2 and ABC, a 29% increase over 2022.
It was the best audience numbers for the league's seminal prime-time package since 2000. The Super Bowl 57 rematch between Philadelphia and Kansas City averaged 29.03 million.
Coming into the season, ABC had eight scheduled simulcasts, including two Saturday Week 18 games and two playoff games, and three exclusive MNF games when there were doubleheaders.
It also continues Disney's move toward putting more sports programming back on ABC. Super Bowl 61 from Los Angeles in 2027 will be on the network and the College Football Playoff championship game will also move to ABC the same year.
More games on ABC will also boost the ratings. Kansas City's 26-13 victory... Read More