Gawker sells off Consumerist

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ScreenShot081 Yes, its true – Gawker Media has decided to sell off another title, The Consumerist, hoping that it could thrive without the powerful backing of Nick Denton and the huge cost-cutting he has done at Gawker, including axing several bloggers (while hiring new ones) and consolidate Valleywag into the mainstream Gawker.com.

Direct inquiries can be made to gaby@gawker.com. Maybe Gawker needs to find itself a sugardaddy, just like rival Weblogs Inc. being bought by AOL.

Source: The Consumerist