Fusion Media Group

Fusion Media Group
Predecessor Fusion Media Network
(Co-owned by Univision Communications & Disney-ABC Television Group)
Founded April 2016 (2016-04)
Headquarters Doral, Florida
Key people
  • Isaac Lee (CEO)
  • Felipe Holguin (Co-President and COO)
  • Camila Jiménez Villa (Co-President and Chief Content Officer)
  • Daniel Eilemberg (President and Chief Content Officer)
Revenue
  • IncreaseUS$63.5 million (2015)
  • US$28.1 million (2014)
Number of employees
 300
Parent Univision Communications
Divisions Univision Story House
Subsidiaries Onion, Inc., Gizmodo Media Group, The Root
Website Fusion Media Group

The Fusion Media Group (FMG; formerly Fusion Media Network[1]) is a division of Univision Communications. The company was launched in April 2016 after Univision bought out Disney's stake in Fusion through the Fusion Media Network joint venture between Univision & Disney-ABC.[2] While Univision is focused on serving Hispanic America in Spanish, FMG is the company’s multi-platform, English language division dedicated to serving young, diverse America.

Operations

The Root, an online magazine on African-American culture, was acquired by Univision in 2015.[3] It was eventually placed within FMG.

In January 2016, The Onion was acquired, along with its sibling properties.[4]

Univision Story House was introduced in May 2016 as the content development and production unit of Univision, but to be managed by FMG.[5]

In August 2016, FMG acquired the online properties of Gawker Media, excluding Gawker.com, and renamed the company Gizmodo Media Group.[4][6][7][8]

In July 2018, it was reported that Univision plans on selling the Gizmodo Media Group and The Onion.[9]

Brands

FMG includes both online and television properties, with a combined digital reach of around 65.6 million people in May 2016.[10]

Broadcasting

Internet

Other

  • Univision Story House

References

  1. ↑ "Fusion Media Network, LLC: Private Company Information - Bloomberg". www.bloomberg.com.
  2. ↑ Steel, Emily (2016-04-21). "Univision Buys Out Disney's Stake in Fusion". The New York Times. ISSN 0362-4331. Retrieved 2016-10-16.
  3. ↑ Bond, Shannon (2015-05-21). "Univision buys African-American news site The Root". Financial Times. ISSN 0307-1766.
  4. 1 2 "Univision's Billionaire Chairman Sets His Sights on the U.S. Election". Bloomberg.com. Retrieved 2016-10-16.
  5. ↑ Steinberg, Brian (2016-05-11). "Univision to Launch 'Story House' Production Studio". Variety. Retrieved 2016-10-16.
  6. ↑ Calderone, Michael (2016-08-18). "Gawker Media Was Saved, But Gawker.com Is Over". The Huffington Post. Retrieved 2016-10-16.
  7. ↑ Spangler, Todd (2016-09-21). "Univision Hires News Corp's Raju Narisetti to Oversee Sites Acquired From Gawker Media". Variety. Retrieved 2016-10-16.
  8. ↑ "Univision Hires News Corp Vet to Lead Former Gawker Media Sites". The Hollywood Reporter. Retrieved 2016-10-16.
  9. ↑ "Univision Looking to Sell Gizmodo, The Onion". Cablefax. Retrieved 2018-08-08.
  10. ↑ Rodriquez, Rene (2016-07-24). "How a new TV network is trying to hook millennials of all kinds". Miami Herald. Retrieved 2016-10-16.


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