Report: Univision Considering Sale of Fusion Media

Univision is reportedly eyeing a sale of Fusion Media Group, which owns Gizmodo and Deadspin, as a part of a “companywide restructuring following a leadership change,” The Wall Street Journal reports. The parent company had recently been investing and expanding in the digital space, and the potential sale indicates a reversal of that strategy. Univision recently shelved plans to go public after “disappointing financial results,” and replaced its CEO, removing Randy Falco and putting former chief executive of Media General Vincent Sadusky in the position. Last year, reports circulated that Univision was considering a partial sale of Fusion, looking to sell 20 percent for $200 million, but the offer failed to attract many buyers.