umbrella, reportedly for less than $50 million. Gizmodo was subsequently acquired by Great Hill Partners along with The Onion in 2019 under the G/O Media Inc. On September 21, 2016, Univision moved all of the Gawker Media properties to their newly-created Gizmodo Media Group.
#Gawker media revenue professional#
The parent company is on pace to earn more than 50 million in revenue this year. View Dean Chandlers profile on LinkedIn, the worlds largest professional community.
In 2015, the company recorded sales of 48.7 million, up from 43.8 million in the year prior, according to bankruptcy filings. Two days later on August 18, the company announced that would cease operations the following week, while its other sites will continue to operate. Gawker Media will likely turn out to be a good investment. That has helped contribute to Gawker's upward trending revenue figures. With so much success in Gawker Medias timeline, nearly forty five million dollars in revenue, and so many desirable weblogs under its reign, it is hard to wrap.
On August 16, 2016, all of the Gawker Media brands, assets except for, were acquired at auction by Univision Communications for $135 million.In 2012, Gawker Media, LLC reported nearly 25.6 million in revenue, but had a net loss of 120,000 and owed nothing in taxes, according to the company's corporate. 
In 2016, the company filed for Chapter 11 bankruptcy protection after damages of $140 million were awarded against the company as a result of the Hulk Hogan sex tape lawsuit.
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