By Natalia Rueda 
Deadspin, a popular sports and news site, has laid off its entire staff after being sold to a new company. This sale has shocked the media industry and raises questions about the future of independent journalism.
Jim Spanfeller, CEO of G/O Media, Deadspin’s parent company, announced that Lineup Publishing a digital media company acquired the site after offering a premium over its original price. The decision was made by the board of directors after considering the intense competition in the sports journalism market.
However, the sale has been devastating for the Deadspin team, as the new owners have decided not to relocate any staff members. According to Spanfeller, this is because the new owners have a different “editorial vision” for the brand. As a result, 11 employees have been laid off.
This decision is a reminder of the challenges facing the media industry. Fierce competition and the advent of artificial intelligence can lead to job losses and the closure of beloved sites.
With information from CNN