Spanish broadcaster Univision has bought a substantial stake in the satirical media company The Onion for something approaching $200 million, which, as Bloomberg’s Brooke Sutherland notes, would put The Onion’s overall value at around $500 million: “To put that in perspective, it’s twice what Jeff Bezos paid for the Washington Post in 2013. You read that right.” To Sutherland that’s a sign that print may really be on its last legs after all.
Gawker’s Hamilton Nolan has a point-by-point rebuttal of Jonathan Chait’s “case against Bernie Sanders” in New York magazine, ending with the suggestion that people should “vote for the candidate whose positions you actually agree with.”
Gawker itself, meanwhile, in preparation for its legal battle with Hulk Hogan, is for the first time trying to raise some quick venture-capital cash.
And Japan will no longer have to do without Buzzfeed, which is opening a branch there in partnership with Yahoo.
Lord Weidenfeld, a publishing titan of the old school who cofounded Weidenfeld & Nicolson in 1949 (”early successes,” The Bookseller recalls, “included Vladimir Nabokov’s Lolita, Isaiah Berlin’s The Hedgehog and the Fox and James Watson’s The Double Helix”), has died at ninety-six.
Nominations for the Edgar Awards (named for Poe and won in years past by the likes of Raymond Chandler and John Le Carré) are up. There’s also a nonfiction category that this year includes an account of Dashiell Hammett’s years as a real-life private eye and a book of Ross Macdonald’s correspondence with Eudora Welty.