While many of us were eating, drinking and “Auld Lang Syne-ing” over the past week or so, Consumers Union has been busy securing a deal with Gawker Media to acquire Consumerist.com.
The non-profit publisher of Consumer Reports is bringing its independent, unbiased publishing policy to the site; from today, Consumerist.com will no longer carry ads.
President and CEO of Consumers Union, Jim Guest, spoke of his delight in adding such a vibrant site to its portfolio of information products. It’s most definitely a case of well-established traditional media taking on hugely popular new media – over 70 years of publishing buying out a three-year-old boasting around ten million monthly page views.
Consumer Reports and ConsumerReports.org claim robust growth both in print and online, and presumably this deal will help to strengthen their brands as well as provide new support for Consumerist.com.
What do you think about the deal?