Kotaku Australia to Shut Down

Business

08 July 2024 12:23

According to recent reports, Pedestrian Group is shutting down Kotaku Australia, along with several other brands such as Gizmodo, Vice, Refinery29, and Lifehacker, as part of a strategic shift to focus on its own properties. An internal email from Pedestrian Group CEO Matt Rowley to employees announced the news.

Pedestrian Group, which currently licenses these brands for deployment in Australia, cited financial challenges, declining advertising revenues, and organizational instability as reasons behind the decision. The move will result in the layoffs of approximately 40 employees. This decision follows a broader trend within Pedestrian's parent company, Nine, which recently cut 200 jobs across its operations, as reported earlier by The Guardian.

More:Keywords Studios Accepts £2.2b Deal

Kotaku Australia's Editor David Smith announced "It has been one of the great joys of my life to wake up every day and run a site I love with all my heart, to all my comrades at Pedestrian Group, I love you, I have never worked with better or more talented souls in all my life. To the readers, thank you for showing up every single day, even the whingers in the comments."

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Kotaku Australia to Shut Down

Business

08 July 2024 12:23

Tags: Kotaku

According to recent reports, Pedestrian Group is shutting down Kotaku Australia, along with several other brands such as Gizmodo, Vice, Refinery29, and Lifehacker, as part of a strategic shift to focus on its own properties. An internal email from Pedestrian Group CEO Matt Rowley to employees announced the news.

Pedestrian Group, which currently licenses these brands for deployment in Australia, cited financial challenges, declining advertising revenues, and organizational instability as reasons behind the decision. The move will result in the layoffs of approximately 40 employees. This decision follows a broader trend within Pedestrian's parent company, Nine, which recently cut 200 jobs across its operations, as reported earlier by The Guardian.

More:Keywords Studios Accepts £2.2b Deal

Kotaku Australia's Editor David Smith announced "It has been one of the great joys of my life to wake up every day and run a site I love with all my heart, to all my comrades at Pedestrian Group, I love you, I have never worked with better or more talented souls in all my life. To the readers, thank you for showing up every single day, even the whingers in the comments."

Share:

Sources:

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