Recently, the California lawyer caught the media’s eye in the aftermath of Donald Trump’s litigation threats against The New York Times and women who have accused him of sexual assault. Stay informed and gain unlimited access to the Daily Beast's unmatched reporting. Ted Boutrous’s Twitter feed is blowing up. Get the Daily Beast's biggest scoops and scandals delivered right to your inbox. The website known for blunt, gossipy coverage of celebrities, tech entrepreneurs, media figures and anyone else with an inflated ego went live on Wednesday. The Washington Post, NBC News, Gannett, Vox Media, and Dotdash Meredith (owned by IAC, which also owns The Daily Beast) have all announced layoffs within the last two months, a small sampling of even more cuts throughout the tech and media sectors. After years in editorial limbo- and of editorial infighting-the website relaunched in 2021 under Finnegan’s leadership, where it hardened its focus on celebrities, politics, the media industry, and Chrissy Teigen.īDG’s layoffs are the latest in a media industry recently rife with them. And Gawker’s eventual demise didn’t come because he’d mistakenly followed a Facebook pivot-to-video or the like: Gawker Media was forced into bankruptcy because billionaire Peter Thiel financed. Gawker’s domain was bought by Goldberg during a bankruptcy auction in 2018, two years after a multimillion-dollar lawsuit won by Hulk Hogan forced the original gossip outlet to shut down. Getty Images Goldberg tried to relaunch the site two years later under Carson Griffith. It’s a business decision, and one that, reluctantly, must be made.” Wrestler Hulk Hogan put Gawker out of business when he won a 140 million judgment against the site. “But in this new reality, we have to prioritize our better monetized sites. “We are proud of the site that Leah and her team built,” Goldberg continued. “These changes will give us the flexibility to re-prioritize and further invest in our strongest areas of the business in 2023,” he wrote. The decision was part of BDG’s plan to lay off 8 percent of its workforce, CEO Bryan Goldberg wrote to staff on Wednesday, according to Semafor. BDG did not immediately respond to a request for comment.
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