Univision Communications, the new owner of Gawker Media Group, announced that the unit overseeing the former online media company’s brands will be called Gizmodo Media. Univision, which bought Gawker for $135 million in a bankruptcy proceeding last month, also said Raju Narisetti would serve as the unit’s chief executive.
The new name comes nearly a month to the day after Gawker.com, the site known for celebrity and media gossip, shut down, on August 22. Gawker Media went into bankruptcy in June after a court ordered it to pay $140 million for invading the privacy of former wrestler Terry Bollea, aka Hulk Hogan, after it published excerpts from Bollea’s sex tape.
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