Deadspin Resignations Threaten New Owner’s Turnaround – WSJ

data-module-name=”article.app/lib/module/wsj/breadcrumbs” The sports website Deadspin lost all of its editorial staff this week in an exodus that complicates its new owner’s effort to turn around the former Gawker Media properties acquired a little over six months ago. The new parent company, G/O Media Inc., which comprises about a dozen sites including Gizmodo and the Onion, […]

‘Shooting,’ ‘Bomb,’ ‘Trump’: Advertisers Blacklist News Stories Online – WSJ

Like many advertisers, Fidelity Investments wants to avoid advertising online near controversial content. The Boston-based financial-services company has a lengthy blacklist of words it considers off-limits. If one of those words is in an article’s headline, Fidelity won’t place an ad there. Its list earlier this year, reviewed by The Wall Street Journal, contained more […]

Great Hill Partners Agrees to Acquire Gizmodo Media Group – WSJ

Private-equity firm Great Hill Partners has agreed to acquire Gizmodo Media Group from Univision Communications Inc., the companies said, ending the Spanish-language broadcaster’s foray into English-language digital media. James Spanfeller, the former chief executive of Forbes.com and president of consumer magazines at digital publisher Ziff Davis, will become chief executive of G/O Media Inc., a […]

U.S. Probing Whether Malaysian Fugitive Laundered Funds to Pay Chris Christie and Trump Lawyer – WSJ

The U.S. Justice Department is investigating whether a fugitive Malaysian financier laundered tens of millions of dollars through two associates and used the funds to pay a U.S. legal team that includes former New Jersey Gov. Chris Christie and a lawyer who represents President Trump, according to people familiar with the matter. Jho Low, the […]

Hell Is Empty And All the Hedge Fund Managers Are At The Bellagio

Image by Jim Cooke/ GMG Blue blazers. Blue checked shirts. Collar open. No tie. Brown shoes. Black shoes. Or Nike shoes. New, new, all new. Soft leather satchels with bold brass zippers. Good cufflinks. Good watches. Better than you know. Hundred dollar haircuts. Straight razored shaves. Shaped cuticles. Manicured nails. Clean, soft, tailored. New. Talking […]

Fear Not, Because the Bitcoin Market Is Functioning Rationally–Please Do Not Check 

Bitcoin, an imaginary kind of computer money made up by a mystery man, is a valuable financial asset. It is being traded daily by educated professionals, based upon rational financial calculations, so you may rest easy knowing that its value is safe, just, please, DON’T READ THE NEWS, EVER. Everything is different now: One of […]

Real Estate Is Latest Target for Would-Be Disrupters – WSJ

A real-estate startup called Compass Inc. has hired hundreds of sales agents away from older rivals, collected $225 million from marquee investors and amassed a valuation of over $1 billion, all with the pitch that its software can make brokers more efficient. Real-estate veterans say they’re baffled by how the four-year-old firm, active in only […]

The Champions of the 401(k) Lament the Revolution They Started – WSJ

Herbert Whitehouse was one of the first in the U.S. to suggest workers use a 401(k). His hope in 1981 was that the retirement-savings plan would supplement a company pension that guaranteed payouts for life. Thirty-five years later, the former Johnson & Johnson human-resources executive has misgivings about what he helped start. What Mr. Whitehouse and […]

Universal Health Services stock falls nearly 12% after Buzzfeed News investigative report

TODO: defaulting to 2099 until we get the expiry date from toolbelt Cristina Pedrazzini | Science Photo Library | Getty Images Shares of United Health Services fell 11.88 percent Wednesday after an investigative report about the country’s largest psychiatric hospital chain. Buzzfeed News interviewed dozens of current and former UHS staff members, many of whom […]