Bustle Digital Group acquires small science and technology publication Inverse; five staffers were laid off
- Bustle Digital Group, which has recently been buying struggling digital properties, has acquired science and entertainment site Inverse.
- The site just laid off five staffers, according to multiple sources.
- Inverse will be overseen by Josh Topolsky, whose site The Outline was acquired by BDG earlier in the year.
- Read more stories like this on Business Insider.
Inverse, a small digital publisher focused on science and entertainment, was acquired by Bryan Goldberg's Bustle Digital Group, according to a Digiday report and a source close to the matter.The day the purchase was reported, five staffers were laid off from the publication - two editorial staffers who comprised the Innovation desk and two business-side employees, four current and former staffers told Business Insider. Back in August 2018, Inverse cut six staffers.
Inverse was founded by Dave Nemetz, who founded Bleacher Report with Goldberg and will stay on as EVP of the site, according to Digiday. Nemetz did not immediately respond to a request for comment."BDG has some big plans to expand into new areas of coverage, to move into the culture and innovation space," Nemetz told Digiday.
Bustle's acquisitions have been controversial or focused on struggling media companies. In November, Mic laid off nearly all the staff ahead of its acquisition by Bustle. Before some staff were rehired, staffers speculated to Business Insider that the decision may have been influenced by Mic's union. The Outline cut all of its staff writers before Topolsky announced that it would found another tech-focused publication called Input.
- Kerala's COVID-19 test positivity rate reaches 27.28% with over 42,000 new cases today
- Adani Power registers profits after a disappointing loss-making quarter last year
- Star India Network garnered a cumulative reach of 352 million in the first 26 matches
- Rabindranath Tagore Jayanti 2021: Remembering some of his greatest words
- Non-residents will have to pay tax in India if transactions exceed ₹2 crore