Univision The Winning Bidder For Gawker Media

By on Aug, 16 2016 with Comments 0

 

Univision Communications, Inc.Univision Holdings, the nation’s biggest Hispanic-focused multimedia company, has emerged as the successful bidder for bankrupt digital media publisher Gawker Media.

A Univision spokesperson tells RBR + TVBR that the company has completed the bid process and anticipates the court’s finalization of the order tomorrow (August 18).

Gawker Media Group owner Nick Denton confirmed the $135 million deal had been finalized in a statement appearing at online media platform Recode. Univision beat out Ziff Davis’ $90 million offer for Gawker.

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About The Author: Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.

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