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The CEO of Gizmodo Media Group announced in a memo to staff today that he would be stepping down and leaving later this month with the parent company’s “reluctant blessing.”
Raju Narisetti was named in September 2016 to lead the Gizmodo Media Group, formerly known as Gawker Media, to oversee titles that included Gizmodo, Jalopnik, Jezebel, Deadspin, Lifehacker and Kotaku. Former flagship website, Gawker.com, was shut down days after Univision acquired the other properties in a bankruptcy auction.
Narisetti said in his email to staff that his decision “makes structural sense for GMG.”
“If you can, amid all the relentless change that is now the new normal for our business, remain focused on our growing audiences, and keep creating meaningful differences than better sameness, with all your journalism, every day,” Narisetti wrote in the email.