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25th Sept, 2019- Vox Media acquires New York Media, home of the prestigious "New York" magazine and a series of other titles. A joint statement presented the move as a merger, although Jim Bankoff, the head of Vox will "lead all aspects" of the new company and the New York Times reported that New York Media would be "effectively taking a minority stake" in Vox. Launched in 1968 New York magazine has become a prominent voice in culture and lifestyle writing in its home city and beyond, winning dozens of National Magazine Awards and a Pulitzer in 2018 for criticism. The 1977 classic film "Saturday Night Fever" was inspired by an article that appeared in the magazine, as was 2007's "American Gangster" starring Denzel Washington. New York Media also owns a stable of websites o...

Great Hill Partners, a leading growth-oriented private equity firm has acquired Gizmodo Media Group and The Onion, a collection of premium digital content producers, from Univision Communications Inc. The combined assets will form a new company named G/O Media Inc. that will be led by digital content industry veteran James (“Jim”) Spanfeller, who will also be a significant investor in the company. The Financial terms of the deal were not disclosed. Gizmodo Media Group and The Onion which was earlier acquired by the Gawker Media reach more than a third of all Americans online each month with approximately 100 million unique visitors, including its extended network. The Company’s collection of digital-first brands serve young, diverse influencers with content that reflects th...

Tag: media group

New York Magazine Merge With Vox Media

Great Hill Partners Acquires Digital Media Group Gizmodo