Univision Communications Inc. has sold tech website Gizmodo, satirical-news hub the Onion and other English-language sites to the private equity firm Great Hill Partners. Terms were not disclosed.
The Spanish-language broadcaster bought much of what was then known as Gawker Media for $135 million in 2016 after gossipy, confrontationalA few years ago, New York-based Univision was investing in English-language digital sites aimed at young people. It bought the Onion in January 2016 and African American news site the Root in 2015.
But the strategy didn’t turn out well. The sites were not profitable and the company has refocused on Spanish TV. Univision put them up for sale last summer.
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