Gizmodo CEO Narisetti is out
Raju Narisetti, the former Dow Jones executive who ran Gizmodo Media Group — which includes the sites Gizmodo, Deadspin, Jezebel, Jalopnik, Kotaku and Lifehacker — is out at the company, reports Maxwell Tani of The Daily Beast.
Tani reports, “The Daily Beast has learned that GMG CEO Raju Narisetti has been pushed out, amid a larger business review following the company’s decision to scuttle its planned initial public offering earlier this year.
“One person familiar with the situation disputed to The Daily Beast that Narisetti was pushed out, saying the CEO sensed the forthcoming changes in the company, and approached Univision in January about leaving.
“Narisetti was tapped in September 2016 to lead the former Gawker Media properties after they were sold to Univision and rebranded as Gizmodo Media Group. The acquisition was one part of Univision’s investment in digital media: the company also acquired The Onion, The A.V. Club, and Clickhole in 2016.
“Narisetti’s departure is the latest in a series of top level changes that signal Univision is likely to become deeply involved in GMG operations.”
Read more here.