Gawker Media has been sold to Univision for $135 million after being forced into bankruptcy by a Hulk Hogan lawsuit.
Univision’s executive headquarters are in New York, but produces more TV and internet content in Miami than anywhere else. As of December 2015, the company owned or leased 450,108 square feet of space in Miami, compared to 194,601 square feet in New York and 166,366 in Los Angeles.
Although the flagship Gawker site will stop producing new content, the remaining sites in the network will remain active, including Gizmodo, Lifehacker, Jezebel, Kotaku, Jalopnik and Deadspin.
The company’s Fusion Media Group has millions of online readers, with over 8 million at the flagship Fusion website and nearly 14 million at The Onion (the company has a 40% stake.)