G/O Media sells Deadspin, entire staff to be laid off

G/O Media, formerly Gizmodo Media Group, has sold sports blogging site Deadspin to European firm Lineup Publishing, a new digital media rollup company, and "none of Deadspin's existing staff will move over with the site" as part of the deal. The new owners will "instead build a new team more in line with their editorial vision for the brand." Staffers were notified today that they were being let go from G/O Media, marking the third round of cuts at the firm in less than a year. G/O Media CEO Jim Spanfeller said Lineup Publishing "approached him about the sale" and that the company was not "actively shopping Deadspin" (AXIOS, 3/11).