[DM] "Karma! Can you spell it, bitches?". Heard this on Clay and Buck while driving. Made my black heart smile
Popular sports blog Deadspin has been sold to a European startup firm Lineup Publishing, with the website's new owners not retaining any of the current editorial staff.
Deadspin had been owned by G/O Media since 2019 before Monday's sale.
Deadspin's writers and editors were given 30 minutes notice of losing their jobs before being locked out of their company laptops, per senior editor Julie DiCaro.
'I do want to make it clear that we were not actively shopping Deadspin,' G/O Media CEO Jim Spanfeller said in a memo to staff, which was obtained by DailyMail.com.
'The rationale behind the decision to sell included a variety of important factors that include the buyer's editorial plans for the brand, tough competition in the sports journalism sector, and a valuation that reflected a sizable premium from our original purchase price for the site,' Spanfeller continued. |