Digital Media Firm Daily Dot Acquires Uk Internet Publication

Supply of news is dwindling amid the digital media transformation





The purchase price was not disclosed. Our vision, says Daily Dot CEO Nick White , is to house the Internets most insightful coverage under one roof and infuse established standards of journalistic excellence with the format and distribution methods that resonate with our connected, progressive audience. The Kernel and The Daily Dot will produce hard-hitting news, features, and investigative reports from all corners of the brave new digital world. Were excited about the future potential for The Kernel in the DDM family, he adds. The Daily Dot is an online source for Internet news and cultural commentary. Mike W. Thomas covers technology/telecom, military, finance, regulatory issues as well as nonprofits/education.












Guggenheim Digital CEO Ross Levinsohn: All Tech, No Action





Lee was unearthed via traditional good-government reporting by a traditional local newspaper, the (Bergen County, N.J.) Record. Above, Christie enters the Borough Hall in Fort Lee last month to apologize to Mayor Mark Sokolich. (Spencer Platt, Getty Images / January 9, 2014) By Michael Hiltzik February 2, 2014, 5:00 a.m. The word is out that we're embarking on a new golden age of journalism.









In the past few years, there has continued to be an increase in the sector, in terms of number of deals and deal value, said Bart Spiegel, partner with PricewaterhouseCoopers entertainment, media and communications practice. The one deal GDM has completed: It bought the remaining stake it didnt own in Backstage last April. In restructuring its publishing division this month, Guggenheim named former Backstage CEO John Amato to lead business initiatives of a group merging THR and Billboard. Levinsohn, under the new structure, is no longer managing the companys trade publications.