Univision (owner of The Onion and Fusion) bought Gawker (bankrupted from Hulk/THIEL lawsuit)
********QUOTE*******
http://www.huffingtonpost.com/entry/univision-gawker-sale_us_57b3144ae4b0a8e15025371f?section=&
[font size=5]Univision Buying Gawker Media For $135 Million[/font]
The Spanish-language broadcaster will add to its stable of digital, millennial-geared properties.
Michael Calderone
.... Univision, the nation’s largest Spanish-language network, has been on a buying spree over the past year to increase its presence in the digital space and target a millennial audience. The company bought a controlling stake in the Onion in January and a few months later acquired all of Fusion, a millennial-geared TV channel and website it co-launched with Disney in 2013. These moves follow Univision scooping up African-American news and culture site The Root last year. ....
Over the years, Gawker Media sites have broken numerous stories on the government, news media and tech world, and helped to amplify the sexual assault claims against Bill Cosby long ignored by most major media outlets. Gawker, at its best, revealed information in the public interest that journalists might have once swapped privately around bar stools. ....
Another major twist in the case came two months after the jury’s decision. Billionaire Paypal co-founder Peter Thiel was revealed to have secretly funded Bollea’s lawsuit, and others, in an attempt to bankrupt Gawker.
Thiel, who targeted the company in retaliation for a 2007 post revealing that he is gay, wrote in a Monday New York Times op-ed that he was proud of his actions. Thiel’s secret legal backing of Bollea, however, has alarmed many journalists and First Amendment advocates concerned that other billionaires could similarly finance other people’s lawsuits in attempts to silence media outlets they don’t like.
********UNQUOTE********