Consumerist Sale: The Release
CONSUMER REPORTS’ PUBLISHER ACQUIRES GAWKER MEDIA’S CONSUMERIST.COM
America’s most trusted consumer advocate bolsters new media offerings; Purchase comes during period of organization’s continued growth
Yonkers, NY — Consumers Union (CU), the highly trusted, independent publisher of Consumer Reports magazine and ConsumerReports.org, has purchased Consumerist.com from Gawker Media. The popular consumer watchdog blog will operate independently of Consumer Reports publications and be the first property housed under a new non-profit entity called Consumer Media LLC. The change in ownership will be in effect as of January 1, 2009.
“We’re delighted to add this vibrant site to our portfolio of information products,” said Jim Guest, President and CEO of Consumers Union.
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