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Gawker media stock1/22/2024 Julie, who wrote MarketWatch's stock-market stories for a few years, died of lymphoma four years ago this week. No knock on anybody covering the equities world these days, but I wish my former colleague Julie Rannazzisi could help me make sense of it. "Some people say Valleywag will stab you in the back. "You don't have to be a hateful person to report the truth," Thomas added. "It's a gossip rag! It has only as much power as people want to give it." Thomas reserves his sharpest criticism for the people who take Valleywag too seriously. He dissed a Fortune writer by saying, "Has he ever written anything negative about a tech mogul?" When it comes to mainstream tech writers, Thomas has harsh words for those who fawn over their subjects simply because they're famous or popular. "That's the most boring reason to write a story. "A revenge vehicle? Heavens, no," Thomas replied. What about the suspicions that Valleywag may publish items as a way to get even with its foes? At first, she wore a va-va-va-voom dress. "Julia has given up on conquering the New York media and has set her sights on Silicon Valley," Thomas said. Valleywag and Gawker do share one trait: an apparent obsession with Julia Allison, the 20-something bicoastal journalist/gadfly. You people in New York are obviously too busy not changing the world." The page-views system says you're answerable to your readers. This is how Thomas sees the New York City journalist's life: "In New York, it's all about sucking up to your editor so you can get the cover and sucking up to other writers. In Silicon Valley, anyone can start a company and put out business cards that say you're a CEO." That kind of thinking doesn't translate into our world. "Gawker covers a zero-sum world," Thomas said. It's too bad because when Gawker takes a higher road, it is a pleasure to read. Probably practicing for when he gets drafted by the Knicks."īut lately, Gawker often seems to believe that the best way to reach an audience is to embarrass the subjects of its stories - a not-so-subtle approach. On Tuesday, Gawker commented on the NCAA men's basketball final by saying: "Hey small Gawker sports fan readership, can you believe Memphis lost that game last night? Derrick Rose looked like he was scared to take it to the hole or something. These days, I prefer Valleywag to its first cousin, New York-based Gawker, which purports to offer "media gossip and pop culture round the clock." Both sites are owned by Gawker Media.Īt its best, Gawker is hilarious and topical. Valleywag is at its best when Thomas, his "very special correspondent" Paul Boutin ("to say he is a 'special correspondent' isn't enough," Thomas said) and the other writers on the site make subtle, wry observations about the technology scene. Thomas told me that Valleywag crossed the 5 million page-view mark in March, its all-time high. Download the Financial Express App for the latest finance news.Whatever Valleywag is doing, it seems to be working. Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Galardi, however, argued that rejecting the process Gawker had proposed would throw the company into disarray, with advertisers abandoning it.Īfter a brief negotiation among attorneys for Ziff Davis and Gawker outside the court, a new deal was reached limiting the protections Ziff Davis will receive. “I’m not going to approve these procedures,” Bernstein said. 15, with an auction scheduled for the following day, Gregg Galardi, an attorney for Gawker said in court.īernstein initially took issue with the limited time that the company’s investment bankers spent trying to find a buyer before bankruptcy, and expressed concern over the protections Gawker granted to Ziff Davis as part of the sale agreement. Snellenbarger said he and his co-workers had discussed a sale before the company filed for bankruptcy with several other buyers, a number of which said that they would not want to make the first offer, but would participate in the auction later.īids for Gawker are due Aug. Reid Snellenbarger, a managing director at Houlihan Lokey, Gawker’s investment bank, told the court that his firm has a list of 40 potential buyers that it plans to market Gawker to, seeking a better offer than Ziff Davis’. The company could not pursue potential other offers until judge Stuart Bernstein approved the mechanism for the auction, as well recognized Ziff Davis’ stalking horse bid, according to court papers. Laptop imports: only monitoring system on the cards
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