Sep 11, 2018

Gawker is relaunching under Bustle's Bryan Goldberg

Former Gawker Media CEO Nick Denton (left). Photo: Suzanne Cordeiro/AFP/Getty Images

The media gossip blog Gawker will relaunch in early 2019 under Bryan Goldberg, founder and CEO of Bustle Digital Group, after it was shut down two years ago, Variety's Todd Spangler reports. It's the latest move in BDG's large-scale acquisition of women- and millennial-focused sites.

Why it matters: Goldberg has his work cut out for him in rebuilding the site as "something new, vibrant, highly relevant, and worth visiting daily." Gawker was forced to file for bankruptcy in 2016 after it lost a lawsuit filed by Hulk Hogan due to its posting of a sex tape featuring the wrestler.

Amanda Hale, formerly of The Outline, is BDG's first Gawker hire so far. She will build out the sales and marketing teams, as well as "solidify a plan to ensure the Gawker archives have a safe and permanent home," said a Bustle spokeswoman.

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Coronavirus spreads to more countries, and U.S. ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,359 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

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Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.