Gawker's successor Splinter to shut down after 2 years

Online media outlet Splinter is shutting down after nearly 2 years as a result of low readership, reports The Daily Beast.

Why it matters: Splinter, which is operated by G/O Media, took the place of media gossip blog Gawker after it was also forced to shut down following a legal battle with former wrestler Hulk Hogan. The left-leaning Splinter focused on politics and media and was often critical of mainstream media outlets.

What's next: G/O Media editorial director Paul Maidment told Splinter staff that he will try to relocate as many people as possible to a different branch of the company.

• Yes, but: Some of Splinter's editorial leadership have taken to Twitter to look for new opportunities.

Go deeper: The media industry's struggle to find a sustainable business model