G/O Media Sells Off Deadspin to Be Entirely Gutted
G/O Media has sold Deadspin to a European media company that will not keep any of the long-running sports news outlet’s current staff, the company’s CEO told employees in a memo on Monday.
“Recently we were approached by the European firm Lineup Publishing expressing interest in purchasing Deadspin to add to their growing media holdings,” read the staff-wide memo from CEO Jim Spanfeller to all G/O employees. “Lineup Publishing is a newly formed digital media company described in their words as ‘dedicated to creating, acquiring and managing high quality media brands across a variety of sectors.’”
The memo continued: “After careful consideration, the G/O Media board of directors has decided to accept their offer. I do want to make it clear that we were not actively shopping Deadspin. The rationale behind the decision to sell included a variety of important factors that include the buyer’s editorial plans.”